Bahrain seeks private partners for metro project

Bahrain’s rail project will consist of a 109-kilometer rail-based urban transit network across four transit lines, which will be built in phases. (AFP file photo)
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Updated 23 February 2021
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Bahrain seeks private partners for metro project

  • Planned 109km rail-based urban network will operate across 4 transit lines

DUBAI: Bahrain’s Ministry of Transportation and Telecommunications (MTT) has launched a new procurement process, part of its bid to attract private support for its plans to build a metro network for the island’s residents.

The ministry is seeking backing from regional and global companies as part of a public private partnership (PPP) to build a state-of-the-art, fully automated, driverless public metro system.

Officials will host a Global Market Virtual Sounding Forum in the first week of March to introduce the project and gauge interest from potential partners. Consultancy firm KPMG will be the financial, technical, and legal adviser on the venture.

The project will consist of a 109 km rail-based urban transit network across four transit lines, which will be built in phases. The first phase will comprise two lines with an estimated length of 28.6 km and including 20 stations with two interchanges. The two lines will connect key focal points such as Bahrain International Airport and major residential, commercial, and school locations.

Eng. Kamal bin Ahmed Mohammed, Bahrain’s minister of transportation and telecommunications, said: “The ministry is looking to collaborate with the private sector on a public private partnership basis to encourage innovation, create efficiencies, and provide the best value for money for this project.

“This approach is reflective of our leadership’s commitment to enable the private sector’s active participation in the economy with the government acting as a facilitator and regulator.”

Appetite for the use of public transport certainly exists as the Daily Tribune newspaper reported there was a 150 percent surge in the use of Bahrain’s bus services last year. It is planned that the bus network will act as a feeder service for the metro when it is complete.

The Bahrain metro project is the latest in the country’s plans for $32 billion worth of largescale infrastructure projects.


Closing Bell: Saudi main index slips to close at 10,588 

Updated 14 December 2025
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Closing Bell: Saudi main index slips to close at 10,588 

RIYADH: Saudi Arabia’s Tadawul All Share Index slipped on Sunday, losing 127.15 points, or 1.19 percent, to close at 10,588.83. 

The total trading turnover of the benchmark index was SR2.57 billion ($685 million), as 28 of the stocks advanced and 232 retreated.    

Similarly, the Kingdom’s parallel market Nomu lost 108.53 points, or 0.46 percent, to close at 23,719.13. This comes as 22 of the stocks advanced while 47 retreated.    

The MSCI Tadawul Index lost 17.17 points, or 1.22 percent, to close at 1,393.34.     

The best-performing stock of the day was Sport Clubs Co., whose share price surged 3.69 percent to SR9.00.   

Other top performers included Flynas Co., whose share price rose 2.55 percent to SR72.30, as well as National Industrialization Co., whose share price surged 2.13 percent to SR10.09. 

Consolidated Grunenfelder Saady Holding Co. recorded the most significant drop, falling 6.61 percent to SR8.90. 

Sustained Infrastructure Holding Co. also saw its stock prices fall 5.75 percent to SR30.82. 

CHUBB Arabia Cooperative Insurance Co. also saw its stock prices decline 5.72 percent to SR22.40. 

On the announcements front, Wataniya Insurance Co. said it has received a notice of award for a one-year contract with Saudi National Bank to provide general insurance as well as protection and savings insurance services, in line with agreed terms and conditions. 

According to a Tadawul statement, coverage will begin on Jan. 1, 2026. The contract value exceeds 15 percent of the company’s total revenues, based on its latest audited financial statements for 2024.  

Wataniya Insurance Co. ended the session at SR14.35, up 1.92 percent. 

Fawaz Abdulaziz Alhokair Co., or Cenomi Retail, has announced executing a SR1.5 billion facility agreement structured as a short-term loan with Emirates NBD – Kingdom of Saudi Arabia. A bourse filing revealed that the financing duration is three years with an option to extend for a total of two years. 

Cenomi Retail ended the session at SR20.00, up 0.26 percent. 

First Milling Co. has announced the Board of Directors’ recommendation to amend the firm’s bylaws Article “Company Management” to increase the number of board members from seven to eight. This change reflects the firm’s commitment to broadening the range of expertise and skills on its board, in line with its growth and expansion plans for the next phase. 

The company reiterated its commitment to fulfilling all necessary procedures and obtaining approvals from the relevant authorities. The recommendation will be submitted to the upcoming General Assembly, with the date to be announced in due course. 

First Milling Co. ended the session at SR49.22, down 1.06 percent.