FDI volume to Bahrain increases 5.6 per cent

The Information and e-Government Authority has announced an increase in foreign direct investment balances in Bahrain for the year 2021, as the final results of the foreign direct investment survey showed an increase of 5.6 per cent, with a value of BD12.59 billion, compared to BD11.92bn in 2020, which reflects the kingdom’s efforts to attract more foreign investments and increase capital flow.
The authority stated that the survey included measuring the volume of foreign investments of the most important institutions in various economic sectors in order to provide recent statistical data on the volume and flows of foreign investments, in a step aimed at serving decision-makers in setting appropriate policies to attract and polarise more investments in order to contribute to advancing the development witnessed by the kingdom.
The statistics showed that the kingdom’s FDI flow during 2021 amounted to BD668.97m, compared to the flow of 2020 which amounted to BD384.04m. The manufacturing sector and the financing and insurance activities sector contributed for most of the flow, amounting to BD316.93m and BD315.16m, respectively. Direct investments from Kuwait accounted for 34.18pc or BD228.66m of 2021 flow, followed by Cayman Islands, with a value of BD200.06m, and Japan with a value of BD150.75m, which reflects the efforts made to diversify the sources of foreign direct investment coming to the kingdom.
The survey aimed to determine the sources of foreign investment in the kingdom according to the country of residence of the investors, as well as to identify the sectors that attract investment to focus on them and go to the development of other sectors.
The foreign investment survey is one of the most important economic surveys that the authority conducts on a regular basis identifying foreign investment balances and flows. The authority, represented by the Department of Economic Statistics, in co-operation with the relevant authorities, implements the survey in accordance with the recommendations of international organisations and international standards.
The survey is in accordance with the unified action plan implemented by GCC countries and supervised by the Gulf Statistical Centre with the aim of collecting foreign investment statistics.


Source: https://www.gdnonline.com/Details/1149593


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