The Bahrain Economic Development Board (EDB) has attracted $1.4 billion in domestic and foreign direct investment through 64 projects this year, the EDB Board chaired by His Highness Vice King Salman bin Hamad Al Khalifa said. It became clear.
His Highness the Vice King expressed his keenness to sustainably grow and diversify Bahrain’s economy by working with the legislative authorities to continue the adoption and development of laws and regulations that benefit everyone. did.
At the meeting held at EDB’s headquarters in Bahrain Bay, the Board of Directors reviewed EDB’s efforts to attract direct investment in key priority areas and its contribution to strengthening Bahrain’s position as an attractive investment destination globally. reviewed and discussed the most notable regional and global economic developments.
His Highness the Vice-King praised the EDB’s efforts and the impressive growth achieved in establishing investment projects in Bahrain, and stressed the importance of accelerating the pace of converting these projects into high-quality opportunities for the people.
His Highness will continue to launch more programs that will make Bahrainis the first choice in the labor market and enable them to improve their competitiveness by strengthening their skills and professionalism. emphasized.
He said that the results presented at the meeting confirmed the effectiveness of the budget balancing program, which showed overall economic growth, which should be reflected in increased household incomes in Bahrain.
During the meeting, Bahrain EDB Chief Executive Officer Khalid Ebrahim Humaidan announced EDB’s main achievements in 2023. He pointed out that this investment project will help provide employment opportunities for more than 4,500 people over three years.
Additionally, the Board reviewed the Kingdom’s economic indicators for the first half of 2023, recording an average GDP growth rate of 2%, with non-oil GDP growth reaching 2.8%, with the non-oil sector playing a leading role in Bahrain’s economy. It was confirmed that it was working. growth.
Sheikh Abdullah bin Hamad Al Khalifa, Personal Representative of His Majesty the King. Deputy Prime Minister Sheikh Khalid bin Abdullah Al Khalifa, several senior officials, and EDB Board members also attended the meeting.
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