Bahrain’s economy to grow 3.5pc
Manama, May 29, 2012
Bahrain’s economy is expected to post a growth of 3.5 per cent this year and 4.1 per cent next year, a report by Standard and Poor’s has said.
It said that the volume of foreign direct investment (FDI) reached $300 million, and the number of financial services companies rose from 401 to 414 in Bahrain last year, despite the unrest the kingdom witnessed last year.
The report said damage to the Bahraini economy was limited and pointed out the government’s efforts to attract more FDI.
It also said the government has launched an economic stimulation programme that comprises allocation of $300 million for infrastructure projects and $550 million for 50,000 housing units in various parts of the country. – TradeArabia News Service