Bahrain Transportation Infrastructure Construction Market Size

Bahrain Transportation Infrastructure Construction Market Analysis

The Bahrain Transportation Infrastructure Construction Market size is estimated at USD 8.03 billion in 2024, and is expected to reach USD 9.54 billion by 2029, growing at a CAGR of 3.5% during the forecast period (2024-2029).

• The market is driven by the huge investments pouring in through government initiatives in line with 2030 goals. Furthermore, the market is driven by urban and international transportation infrastructure development.
• Bahrain announced over 22 strategic infrastructure projects worth more than USD 30 billion as part of its 2021 Economic Recovery Plan, including constructing five artificial islands. These initiatives will be funded mainly through public-private partnerships. This emphasis on construction is consistent with the Kingdom's economic development strategy Vision 2030.
• 11 foreign and domestic businesses have been prequalified by Bahrain's Ministry of Transportation and Telecommunications for Phase One of the USD 2 billion Bahrain Metro Project as of May 2022.
• The USD 1.1 billion Bahrain International Airport Modernization Program is one of the most significant projects in this pipeline. The main contract was awarded to a consortium led by Arabtech Construction and TAV Construction from the United Arab Emirates.
• The King Hamad Causeway is also in the works, with construction set to begin in 2024. This new rail and road causeway project connecting Saudi Arabia and Bahrain overland will parallel the existing 25 the King Fahd Causeway. It will provide new lanes to support additional passenger and cargo traffic and a rail line connecting Bahrain to the central GCC railway and the existing Saudi rail network. In the first quarter of 2023, the Kingdom of Bahrain was to issue a tender to construct its new light rail network. The Metro in Bahrain, as the endeavor is called, will be implemented in four phases and reach 109 kilometers upon completion.
• The King Hamad American Mission Hospital, currently under construction for USD 66 million, is scheduled to open in late 2022. Bahrain's tourism and real estate development strategy also includes medical-tourism projects, such as the USD 300 million King Abdullah Medical City Hospital that is scheduled to open in 2022, as well as the beginning of mixed-use real estate projects at Bahrain Bay, Bahrain Marina, Diyar Al Muharraq, Water Garden City, Dilmunia, and Thai Mar.