Skip to content Skip to Search
Skip navigation

Kuwait loans Bahrain $102m for power grid expansion

Cable, Utility Pole, Power Lines The new loan from Kuwait will be used to expand the 400-kV electricity transmission networks in Bahrain Unsplash/Andrey Metelev
The new loan from Kuwait will be used to expand the 400KV electricity transmission networks in Bahrain

The state-backed Kuwait Fund for Arab Economic Development will provide funding of KD31.3 million ($102 million) to expand Bahrain’s power network.

The loan will be used to expand the 400 kilovolt electricity transmission networks in Bahrain.

The project aims to increase the capacity and efficiency of electricity transmission networks and power trading through the Gulf’s interconnection network, the Kuwaiti fund said in a post on the messaging platform X, formerly Twitter.



In September 2023, the fund provided a $570 million loan to the Gulf Electricity Interconnection expansion project, according to a local media report.

The concept for Gulf electricity interconnection was announced in December 1997, with the GCC Interconnection Authority established five years later to oversee the project’s creation, operation and maintenance, state-run Qatar News Agency reported.

By the end of 2005, Saudi Arabia, Kuwait, Qatar and Bahrain signed contracts to initiate the first phase of the GCC electrical interconnection project, with an investment cost exceeding $1 billion. The actual operation began in July 2009.

In 2018, Kuwait, Saudi Arabia and the UAE committed up to $10 billion to support Bahrain’s financial stability.

Latest articles

Opec Secretary General Haitham Al Ghais says peak oil 'is not on the horizon'

Upstream oil and gas ‘needs more annual investment’

Annual capital expenditure for exploration and production in the upstream sector of the oil industry needs to increase by 22 percent by 2030 because of growing demand and cost inflation, experts say. A cumulative $4.3 trillion needs to be invested between 2025 and 2030, according to a report by the International Energy Forum (IEF) and […]

Rothschild Saudi

Edmond de Rothschild to run funding vehicle for Saudi projects

The Edmond de Rothschild Group is establishing a funding vehicle for infrastructure projects in Saudi Arabia along with the local firm SNB Capital, as part of a deal in which the Swiss investment bank will set up offices in the country.  Saudi Arabia’s massive economic diversification programme has run into financial obstacles as it faces […]

Turkey foreign property sales

Foreigners turning back on Turkish real estate

Foreign buyers are increasingly shunning the Turkish property market, wary of high prices, the expensive cost of living and a less welcoming environment for overseas real estate investors. There were only 2,064 residential units sold to foreign buyers in May, 35 percent down on the same month last year, data issued by the state statistics […]

2KEY8G1 Emirates Airline Airbus A380 aircraft landing. Aerial view of Emirates Airlines A380-800 airplane. An Emirates plane coming in to land at LAX; a spokesperson for Emirates said the contraventions were for safety reasons

US fines Emirates for operating in prohibited airspace

Emirates has been fined $1.5 million by the US Transportation Department for operating flights carrying JetBlue Airways’ JBLU.O designator code in prohibited airspace. The transportation department said that between December 2021 and August 2022, Emirates operated a significant number of flights carrying the JetBlue Airways code between the United Arab Emirates and the United States […]