Bahrain announced today its intention to establish five new cities and projects in the tourism, trade, transport and infrastructure sectors, as part of a plan to achieve economic growth and financial stabilization.

According to the authorities in the Gulf state, which has signed a peace agreement with Israel, the investment target exceeds $30 billion.

According to Khaled bin Abdullah al-Khalifa, Deputy Prime Minister, the infrastructure projects include a 109 km long metro network and a second bridge that will connect it to Saudi Arabia.