EDB aims to attract direct investments

The Economic Development Board (EDB) will be focusing on several initiatives aimed at furthering economic growth and contributing to attracting direct investments across vital economic sectors to achieve the objectives of the plan, it’s chief executive has announced.

Khalid Humaidan said the kingdom’s Economic Recovery Plan, initiated by the directives of His Majesty King Hamad, and following approval of the plan by the Cabinet, chaired by His Royal Highness Prince Salman bin Hamad Al Khalifa, Crown Prince and Prime Minister, aims to create quality jobs and enhance Bahrain’s economic competitiveness.

“It aims to attract $2.5 billion in direct investment by 2023.”

“The board has successfully attracted increased investment between 2019-2020, indicating that the recovery plan prioritises supporting key sectors to boost economic development. The sectors include oil and gas, tourism, logistics, financial services, telecommunications, IT and digital economy, and manufacturing, in addition to launching Tamkeen’s new programmes to stimulate medium and small companies in these sectors. The development of these economic sectors will diversify the national economy and support its growth.”

 

Source: https://www.gdnonline.com/Details/992572/EDB-aims-to-attract-direct-investments

 

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