'Private sector’s role vital in boosting economic growth'

Manama: The Crown Prince yesterday highlighted the private sector’s vital role in boosting economic growth.

He also stressed the need to promote innovation and competitiveness in all sectors.

His Royal Highness Prince Salman bin Hamad Al Khalifa, Crown Prince, Deputy Supreme Commander and First Deputy Prime Minister, made the remarks as he last night visited the majlises of Ahmed Mansoor Al A’ali and sons of the late Haji Hasan Al A’ali.

He highlighted the importance of reinforcing the private sector’s role as the primary engine of growth.

The Crown Prince noted that Bahrain has launched a number of initiatives that have contributed to economic development and further diversified the economy.

He underscored successful partnerships between the public and private sectors, which have resulted in wide-ranging achievements at all levels.

“Bahrain’s economy is among the fastest growing in the region, which reflects its robustness and resilience,” he said.

The Crown Prince spoke about Bahrain’s Fiscal Balance Programme, underlining that “the strong results achieved so far drive us to continue implementing policies that support fiscal stability and economic prosperity”.

Shaikh Isa bin Salman bin Hamad Al Khalifa accompanied the Crown Prince during the visits.

Source: http://www.gdnonline.com/Details/539380