His Royal Highness Prince Salman bin Hamad Al Khalifa, the Crown Prince, Prime Minister, and Chairman of the Bahrain Economic Development Board (EDB), emphasized the importance of measuring the success of investments by the lucrative employment and business opportunities they bring. This was highlighted during the EDB’s Board of Directors meeting where HRH Prince Salman commended the outcomes achieved through collaboration with government agencies and the private sector. The efforts of Team Bahrain were recognized for attracting investments that provide opportunities for citizens in line with the Kingdom’s development goals.
HRH the Crown Prince and Prime Minister stressed the significance of maintaining Team Bahrain’s momentum in advancing economic growth through public-private partnerships that deliver vital development projects. The newly appointed members of the Bahrain EDB board were welcomed, with best wishes for success in achieving economic goals. Former board members were also acknowledged for their efforts and contributions during their tenure.
The EDB reviewed its achievements in the first half of 2024, focusing on strategies for attracting investments in priority sectors. Minister of Sustainable Development and Chief Executive of Bahrain EDB, Her Excellency Noor bint Ali Alkhulaif, briefed board members on securing direct investments totaling BD399.2 million ($1.056 billion) from 62 local and international projects. The manufacturing sector received the largest share of investments, followed by tourism and financial services. These investments are projected to create over 5,400 employment opportunities in the next three years.
Key success stories in priority sectors were presented, including investments from companies like Polymatech, Gulf Bank, ARRAY, Amana Healthcare, and the University of Strathclyde. These success stories highlight the impact of attracting investments across various sectors in creating employment opportunities and driving economic growth. The EDB’s focus on diversifying investments and attracting new ventures reflects the commitment to achieving shared economic objectives that benefit all stakeholders.
The Kingdom of Bahrain’s efforts in promoting economic development and attracting investments have been instrumental in creating opportunities for citizens and driving growth across sectors. The success of investments is measured not just in monetary terms but also in the positive impact they have on the economy and society as a whole. By enhancing public-private partnerships, the EDB aims to continue attracting investments that contribute to the Kingdom’s comprehensive development goals and benefit the people of Bahrain.
In conclusion, HRH Prince Salman’s leadership at the EDB reflects a commitment to driving economic growth through strategic investments and partnerships. With a focus on priority sectors and attracting both local and international projects, the EDB aims to create sustainable employment opportunities and foster innovation in key industries. By recognizing and rewarding success stories in attracting investments, the Kingdom of Bahrain reinforces its position as a strategic hub for business and economic development in the region.
