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Bahrain Chamber holds webinar on insurance and retirement laws | THE DAILY TRIBUNE

Causeway reopening set to boost Bahrain s economy by $2 9 billion

May 10, 2021 Ali Al-Mudaifa, executive director at the Bahrain Economic Development Board. MANAMA Bahrain’s Chamber of Commerce and Industry revealed its members are anticipating a $2.9 billion surge in spending once the King Fahd Causeway reopens on May 17, based on tourist spending habits from 2019. This comes after Saudi Arabia announced it will lift its suspension on citizens traveling abroad, and open land, sea and air borders on May 17. Bahrain welcomed more than 12 million visitors in 2019, predominantly from the Kingdom of Saudi Arabia and neighboring GCC countries. Ali Al-Mudaifa, executive director at the Bahrain Economic Development Board said: “Deep economic, political and cultural connections between Bahrain and Saudi Arabia are the foundation of our relationship.

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