36,000 jobs by 2030 from $14.9b construction boom

TDT | Manama                                                      

The Daily Tribune – www.newsofbahrain.com

Email: mail@newsobahrain.com

Cementing its concrete role in the competitive GCC market, Bahrain’s construction sector is projected to contribute $14.9 billion and 36,100 jobs to the economy by 2030.

Currently at 8.7 per cent of GDP ($9.4 billion), the sector’s share is expected to increase to 11.3 per cent, showcasing Bahrain’s growing appeal for investors.

A recent report from the Arab Investment & Export Credit Guarantee Corporation shows Bahrain’s strong position in the Arab construction industry, with three Bahraini companies among the top ten investors from 2003 to 2024.

Investments

Tameer Holding, for example, ranks second in project costs, with investments exceeding $20.7 billion.

GFH Financial Group and Gulf Holding Company also made substantial contributions, collectively creating over 17,000 jobs, which has had a considerable impact on employment in the sector.

Regionally, the UAE’s Majid Al Futtaim Group leads with investments of more than $23 billion across 19 projects, while Bahrain’s Tameer Holding follows closely, holding a 4.8 per cent share in the Arab construction market.

Significant presence

Meanwhile, GFH Financial Group has established a significant presence by creating over 8,000 jobs in the region, with Gulf Holding Company adding 9,000 jobs. Bahrain ranks among the top Arab nations for attracting construction projects.