Manama, Bahrain: Bahrain attracted US$885 million (BHD333 million) in direct investments during 2020 through new companies setting up and expanding in the Kingdom.
Several prominent companies have launched operations in the Kingdom, with investments from local, regional and international companies investing in vital sectors including financial services, manufacturing, logistics services, education, healthcare services, real estate, tourism, and ICT.
H.E. Khalid Humaidan, Chief Executive of Bahrain Economic Development Board, commented: “Despite the challenges faced across the globe due to COVID-19, we were able to continue the momentum from 2019, attracting hundreds of millions of dollars in investment from around the world.
“Investors are increasingly turning to the region’s tried-and-tested business environment, where our commitment to building a pro-investor ecosystem is backed up by robust regulation. This, and our longstanding economic diversification efforts, show Bahrain is focused on enabling growth in a wide range of sectors.”
According to the UN Conference on Trade and Development and the IMF, the size of accumulated direct investments compared to the Kingdom’s GDP in 2019 was 78% – almost double the global average of 42%.
About Bahrain Economic Development Board:
The Bahrain Economic Development Board (EDB) is an investment promotion agency with overall responsibility for attracting investment into the Kingdom and supporting initiatives that enhance the investment climate.
The EDB works with the government and both current and prospective investors, in order to ensure that Bahrain’s investment climate is attractive, to communicate the key strengths, and to identify where opportunities exist for further economic growth through investment.
The EDB focuses on several economic sectors that capitalise on Bahrain’s competitive advantages and provide significant investment opportunities. These sectors include financial services, manufacturing, ICT, tourism, logistics and transport.