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Bahrain and Kuwait Signed a $940 Million Power Grid Development Contract

Number of visits: Date:4/8/2016 05:18:45

According to the Gulf Daily News, Bahrain and Kuwait have signed a $ 940 million contract to develop the grid in Bahrain.

Bahraini Finance Minister Sheikh Ahmed bin Mohammed Al Khalifa and President of Kuwait and Arab Fund for Economic Development Abdulawahab Al Bader signed an agreement .

Al Bader said that the agreement was part of support a plan of the Gulf Cooperation Council to help Bahrain after the decline in oil prices .

According to reports, Bahrain's fiscal deficit this year and next year would increase by 2/3, reaching $ 13.2 billion, which was due to the country continue to be plagued by plummeting oil prices.

Khalid Al Maskati, the chairman of the Financial and Economic Committee of Bahrain Consultative Conference, said in January, Bahrain budget deficit was expected to grow about 66% this year. The development and construction of power grid would help promote economic development.

TypeInfo: Industry news

Keywords for the information:henan jiapu  bare conductor  special cable  power cable  control cable