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Bahrain attracts USD 40 million in tourism project investments

Megha Paul

- September 17, 2021

Bahrain’s tourism sector has attracted nearly USD 40 million worth of new investments in the kingdom’s tourism sector to date, which will help create more than 260 jobs over the next three years, according to a report by the Economic Development Board (EDB). Bahrain’s EDB is seeking to capitalise on the growth of the country’s tourism sector as meaningful international travel resumes.

National carrier Gulf Air had last month announced that around 80% of its pre-pandemic flights will resume from the summer season and that Bahrain was appearing on more travel green lists across markets.

EDB said among the key tourism investments in the kingdom was Remza Investment Company’s addition of Turkish hospitality brand, Gunaydin, to its portfolio.

Located at The Terminal, one of Bahrain’s unique real estate developments, Gunaydin’s USD 6.5 million investment will be its first restaurant in the kingdom. The outfit will create 80 jobs over three years and add to the wide variety of international restaurants springing up in the country.

Another investment by renowned chocolate brand, Patchi, allocated USD 8 million for the expansion of the business in the Kingdom. Launching new projects that offer unique experiences for customers, Patchi’s expansion will help create 160 jobs over three years.

ELSS Group, which specialises in the construction of aquariums and marine parks, also announced a USD 1 million investment in their regional operational base at the Bahrain Aquarium, the kingdom’s largest aquarium which opened this week at the Mall of Dilmunia.

(Source: TTN)

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Bahrain attracts USD 40 million in tourism project investments

Megha Paul

- September 17, 2021

May we all strive to emulate her virtues and remember that true wealth lies in the depth of our character, the sincerity of our actions, and the impact we have on those around us.”

Stay riveted for our next gala event, The Brand Travel Daily Media Travel Excellence Awards that recognizes and celebrates the outstanding achievements of companies and individuals in the travel, airline, and hospitality industry. They are scheduled to take place in 11 October, 2024

For inquires, to attend or sponsor next awards, kindly email here: Gary@traveldailymedia.com

If you know of any female leaders or up and coming superstars in the Travel and Hospitality industry you would like to nominate, please visit our page and complete a nomination form!
The prestigious IWTA Awards 2024 Award Winners are listed below:

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…there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you design and create an advertising campaign.

We can also organise a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

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