Bahrain 'gateway to Gulf's $1.5trn market'
Manama, October 12, 2013
Bahrain is to be showcased to global investors as a vital gateway to the Gulf region, said a report.
A high-powered delegation, taking part in the annual meetings of the International Monetary Fund and World Bank in Washington, DC, will highlight the kingdom's investor-friendly policies, skilled multilingual workforce and low operating costs as major attractions for investors, reported the Gulf Daily News, our sister publication.
Finance Minister Shaikh Ahmed bin Mohammed Al Khalifa is heading Bahrain's delegation that includes Central Bank of Bahrain Governor Rasheed Al Maraj and Economic Development Board (EDB) acting chief executive Kamal Ahmed, who is also the Transportation Minister.
"The Gulf market is worth $1.5 trillion and is one of the world's most important growth markets for financial services," stated Ahmed.
The EDB will also sponsor the Institute of International Finance Annual Forum on the sidelines of the main meetings.
The forum is expected to attract more than 1,000 delegates.
The EDB is also a lead sponsor of the annual Banks in Bahrain Reception at the Fairmont Hotel today.-TradeArabia News Service