Bahrain FDI Grows 114 Percent as Reforms Boost Investment

      Published on Friday, 16 November , 2018      143 Views     
Bahrain FDI Grows 114 Percent as Reforms Boost Investment

  • Business

FDI inflows to Bahrain grew 114 per cent in 2017, according to data released by the United Nations Conference on Trade and Development (UNCTAD), the fastest growth rate in the GCC.

The rapid growth came in spite of a drop in global FDI of 23 per cent.

Growth in investment was supported by a number of major economic reforms in recent years – with UNCTAD citing Bahrain’s amendments to its commercial companies law allowing 100 per cent foreign ownership in additional sectors as an example of liberalisation supporting FDI growth.

This has continued into 2018 with several significant developments in the first half of the year.

“Foreign direct investment creates jobs, diversifies the economy and fuels growth – so we are delighted to see such strong momentum, even against a challenging global backdrop.

This proves the growing interest in the GCC opportunity is translating into investment.

We have undertaken a number of significant initiatives in the first half of this year to build on this success and we expect to announce a number of further measures in the coming months, helping investors to access the GCC opportunity,” said Khalid Al Rumaihi, Chief Executive, Bahrain EDB.

Bahrain’s reforms were also recognised as Site Selection magazine recently named Bahrain as the best place to invest in the Middle East and Africa per capita for the third year in a row.

The ‘Best to Invest’ rankings are determined by the level of capital investments in the country and performance on key international indices published by organisations such as the World Bank, WEF and UNDP. The rankings also saw Bahrain EDB included in the list of Top Investment Promotion Agencies for 2018, one of only four agencies from the region included.

As well as being among the leading locations to invest, Bahrain has also been ranked as the best place in the world for expatriates to live, reflecting the high quality of life on offer in the country. The InterNations Expat Insider rankings ranked the Kingdom as the top expat destination in the world – citing the welcoming environment and ease of settling in as key factors.

Among the most prominent developments in 2018 has been the growth of the Bahrain FinTech ecosystem, including the launch of Bahrain FinTech Bay, the largest fintech hub in MENA; the establishment of a $100m Fund of Funds to help fund start-ups across the Middle East; and a growing number of companies using the Central Bank of Bahrain’s regulatory sandbox to develop new products and services.

These advances were reflected in the recent Global Startup Ecosystem Report, released by the Global Entrepreneurship Network and Startup Genome, which included Bahrain in global ‘ecosystems to watch’ in both fintech and gaming. Bahrain was the only Arab country to be included in either list.

The Kingdom also saw a number of major announcements last month during Gateway Gulf Forum, which brought together over five hundred global investors and business leaders to explore ways of unlocking the opportunities being created by the economic transformation in the GCC. The event provided a direct route into accessing the GCC market by showcasing major investment-ready projects worth $18billion, with projects in the planning phase driving up the value of the project pipeline to $26 billion.

Among the announcements were the launch of the $1 billion Bahrain Energy Fund, the first such fund in the GCC and which will be unique in providing institutional investors with access to local energy assets and the launch of Bahrain’s first five star ‘retreat’ style destination by Al Sahel Resort Company, as part of the broader development of the country’s tourism sector.

Category Business | 2018/11/16 latest update at 7:50 AM
Source : Albawada | Photocredit : Google
Comments Add comment

Related Articles

The editorial staff of Bahrain Today would like to give all of its readers from Gulf and Bahrain and the whole world the opportunity to participate actively in the development of the website! If you have something interesting, fun, scandalous - just something worth to be seen from more people. Capture it and share it in the Bahrain Today with a short text.

Do you have information you want to reach our readers?

Send article/s

You can subscribe to our Facebook, Twitter and Google pages or use our RSS feed channel to always read the most important news about Bahrain, the Gulf and the world.

Bahrain’s Investcorp teams up with Coller Capital to create $1bn buyout fund
Bahrain Bahrain news

Bahrain’s Investcorp teams up with Coller Capital to create $1bn buyout fund

Investcorp, the Bahrain-based alternative investment management firm, signed a deal with London-headquartered Coller Capital for some of its…

UAE, Oman and Bahrain to resume flights to Syria

European dairy giant inks deal to grow Gulf business

Microsoft ecosystem to generate 5,600 jobs in Bahrain by 2022

Khalifa Bin Salman in the People’s, Nation’s Memory book launched King

Khalifa Bin Salman in the People’s, Nation’s Memory book launched

Yousef Al Hamdan, the author of ”Khalifa Bin Salman in the Memory of the People, Nation” has launched…

King congratulates Abu Dhabi Crown Prince King

King congratulates Abu Dhabi Crown Prince

His Majesty King Hamad bin Isa Al-Khalifa sent a cable of congratulations to His Highness Shaikh Mohammed bin…

Bahrain’s king issues new laws to boost investment eco-system King

Bahrain’s king issues new laws to boost investment eco-system

Bahrain’s King Hamad bin Isa Al Khalifa has issued orders for new laws to enhance the country’s investment…

HM King congratulates Vietnamese president King

HM King congratulates Vietnamese president

His Majesty King Hamad bin Isa Al Khalifa today sent a cable of congratulations to President Tran Đai…


Popular in GULF TV

8 Minute Ab workout 2018 VERSION with Tips


8 Minute Ab workout: To celebrate more than 65 million YouTube views of the first version of the…

Latest videos in GULF TV


Bahrain Camel


Bahrain events



Bahrain Culture, Bahrain, Bahrain News


Science & Technology


Bahrain Government, Bahrain Government News, Bahrain News, Gulf News, News, Bahrain News