2023-07-06 23:45:10
MANAMA, Bahrain, March 1, 2020 /PRNewswire/ — Bahrain’s foreign direct investment (FDI) inflows rose by US$1.95 billion in 2022, while global FDI fell by 12%, setting a new record, according to the latest World Investment Report (WIR 2023) of the United Nations Conference on Trade and Development (UNCTAD).
A testament to Bahrain’s deserved success in developing into a competitive international player and attracting investment projects in line with the diversification and growth policies under the ERP This milestone in FDI inflows reflects the strong confidence of domestic and foreign investors in the service offering Bahrain’s reflected
Commenting on the achievement, HE Khalid Humaidan, Chief Executive Officer of the Bahrain Economic Development Board, said: “This milestone of nearly US$2 billion in FDI inflows reflects investors’ strong confidence in Bahrain’s value proposition and encourages local and international investments that supported by a highly skilled workforce. The low operating costs serve as a gateway to the region.”
The Chief Executive added: “This record rise in FDI inflows is supported by the Bahrain team’s swift action in successfully attracting solid investments and securing value-added projects in priority sectors. I am confident that we will continue to do so in 2023 and beyond.” will have a strong investment pipeline.”
Bahrain has made commendable strides in diversifying its economy, expanding opportunities for local and international business, maintaining investor confidence and steadily increasing the inflow of foreign direct investment into the Kingdom.
While Bahrain has a long history of economic diversification efforts, the Economic Recovery Plan (ERP), launched in 2021, comprises a targeted development plan with the overarching aim of making Bahrain competitive internationally through economic rebalancing and an emphasis on strategies in high-value sectors to improve.
To ensure that the Kingdom remains an attractive destination for investment, Bahrain recently introduced the “Golden License” and remains committed to streamlining trade procedures in the area of regulation to further improve Bahrain’s business-friendly environment.
The full version of the UNCTAD World Investment Report 2023 can be found on the following website:
About Bahrain Economic Development Board (Bahrain EDB)
The Bahrain EDB is an investment promotion agency with overall responsibility for attracting investment to the Kingdom and supporting initiatives that improve the investment climate.
The Bahrain EDB works with the government and current and potential investors to ensure that Bahrain’s investment climate is attractive, to communicate key strengths and to identify where opportunities for further economic growth through investment exist.
The Bahrain EDB focuses on several economic sectors that benefit from Bahrain’s competitive advantages and offer significant investment opportunities. These sectors include financial services, manufacturing, logistics, ICT and tourism.
For more information regarding Bahrain EDB, please visit: www.bahrainedb.com
Questions & contact:
Abdullah Abdullah,
communications department,
Economic Development Board Tel: +973-39798919 – Mobil: +973 36368555,
E-Mail: [email protected]
1688692562
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