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BID TO DIVERSIFY ECONOMY

Bahrain ... renewed global confidence in investment.

Bahrain gears up to tap new international investment

MANAMA, February 22, 2015

International firms are showing renewed confidence in investing in Bahrain, a report said, adding that around 1,000 jobs are being created by programmes to attract specialised international companies to the kingdom.

The Economic Development Board (EDB) has been able to bring in companies representing manufacturing, services, IT and telecommunications sectors in 2014, reported the Gulf Daily News, our sister publication.

 It has attracted more than $60 million in foreign investment from countries, including the US, Japan, UK, UAE, Belgium, Spain, India, Singapore, Canada, Saudi Arabia and Kuwait.

EDB business development executive director Vivian Jamal said the efforts are aimed at diversifying the national economy.

The EDB promotes Bahrain through its roadshows that highlight the country's competitive advantages that include being the gateway to the region, having a skilled bilingual workforce and an open economy. – TradeArabia News Service




Tags: Bahrain | economic development | International Investment |

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