EDB’s investment strategy highlighted

MANAMA: The Economic Development Board’s (EDB) commitment to attracting direct investment to Bahrain and furthering its diversification efforts to create quality opportunities in the local economy has been highlighted at the fifth edition of the Future Investment Initiative (FII) in Riyadh.

EDB chief executive Khalid Humaidan was part of a high-level delegation, led by His Royal Highness Prince Salman bin Hamad Al Khalifa, Crown Prince and Prime Minister and EDB chairman, to the event.

During the event, led by Saudi Arabia’s Crown Prince, Deputy Prime Minister and Defence Minister Prince Mohammed bin Salman bin Abdulaziz Al Saud, Mr Humaidan highlighted the EDB’s investment strategy that aims to target specific industries in key markets to which Bahrain can offer strong competitive advantages, including a business-friendly environment, the best-value operating costs in the region, and access to a highly skilled workforce.

He stated that the global economic outlook is positive with growth expected to reach six per cent this year, with the Mena region expected to grow by 4pc.

Mr Humaidan highlighted the depth of Bahrain’s longstanding relations with Saudi Arabia, built on the solid foundations of partnership and an advanced level of joint coordination and cooperation, through the Saudi-Bahraini Coordination Council.

Source: https://www.gdnonline.com/Details/991639