Bahrain targets $2.5bn in FDI by 2023

Bahrain’s Economic Development Board (EDB) said it will be focusing on several initiatives aimed at furthering economic growth and contributing to attracting $2.5 billion direct investments across vital economic sectors by 2023 to achieve the objectives of the Kingdom's Economic Recovery Plan, initiated by the directives of His Majesty King Hamad bin Isa Al Khalifa.

The Economic Growth and Fiscal Balance Plan aims to create quality jobs and enhance Bahrain’s economic competitiveness, reported Bahrain News Agency (BNA).

The EDB has successfully attracted increased investment between 2019-2020, indicating that the recovery plan prioritises supporting key sectors to boost economic development, Chief Executive Khalid Ibrahim Humaidan was quoted as saying in the report., the of the

The sectors include oil and gas, tourism, logistics, financial services, telecommunications, IT and digital economy, and manufacturing, in addition to launching Tamkeen’s new programs to stimulate medium and small companies in these sectors.

The Chief Executive said that the development of these economic sectors will diversify the national economy and support its growth.

Humaidan expressed confidence that the successful implementation of Bahrain's economic recovery plan will be facilitated by its highly qualified and skilled workforce.




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