Shaikh Salman bin Khalifa Al Khalifa, Minister of Finance and National Economy of Bahrain, said that Bahrain has paid significant attention to strengthening its capacity to attract capital, promote investment, and achieve economic growth and prosperity. Stated.
Participating in a discussion on the Gulf economy on the theme of “Rebuilding Trust” as part of the 2024 World Economic Forum (WEF) in Davos, Shaikh Salman said that foreign direct investment in Saudi Arabia will continue until 2022. said it has reached its annual goal of $2.5 billion. and 2023, the Bahrain News Agency report said.
The minister noted that the non-oil economy grew by 4.5% in the third quarter of 2023, which reflected the strategic approach taken by the Kingdom to diversify its economic base.
Shaikh Salman noted Bahrain’s efforts to increase private sector investment and stimulate economic diversity, highlighting the role of the private sector as a fundamental driver of the economic growth process.
He emphasized that Bahrain is well-positioned to attract investment from businesses in a way that fosters economic growth and contributes to the creation of better quality employment opportunities for its people.
He also said that the pace of economic growth in the Gulf region is on the right track as the region continues to develop and create more investment opportunities in various economic sectors.
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