A new BD132 million (US$350 million) real estate holding company that will help develop tourism projects in Bahrain was officially launched Wednesday.
The kingdom's Prime Minister Sheikh Khalifa bin Salman Al Khalifa gave the project an approval in a recent Cabinet meeting, the GDN reported.
Bahrain's Municipalities and Agriculture Minister Ali Saleh Al Saleh said the company would be divided between the municipalities, companies and individuals.
