Home GCC Bahrain Saudi Arabia to Bahrain causeway to reopen late July – report The King Fahd Causeway shut on March 7 as part of the precautionary measures implemented by Saudi Arabia by Bloomberg July 2, 2020 The roadway linking Bahrain to Saudi Arabia is expected to reopen on July 27, Asharq Al-awsat newspaper reported citing people familiar with the matter, ending a costly closure introduced to stop the spread of the coronavirus. The King Fahd Causeway shut on March 7 as part of the precautionary measures implemented by Saudi Arabia. Bahrain’s tourism revenues have fallen by 4m dinars ($10.6m) a day during the pandemic, according to a report by the Bahrain Tourism & Exhibition Authority. That’s exacerbating an economic downturn also fueled by the fall in oil prices. S&P Global Ratings forecast Bahrain’s economy will shrink 5 per cent this year, although it said government stimulus measures should provide some support. The ratings company expects a rebound in 2021 as crude prices recover and regional activity increases. Bahrain, the smallest among economies of the six Gulf Cooperation Council members, has the added protection of a $10bn bailout package secured from its regional allies in 2018. Tags Bahrain Covid-19 GCC King Fahd Causeway revenues Saudi Arabia tourism 0 Comments Share Tweet Share Share You might also like Saudi Arabia broadens Central Bank’s mandate to promote growth Individuality breeds ingenuity, so why not be yourself? The future of online food ordering in the GCC Wealth management of tomorrow: Is it human or hybrid?