Bahrain Economic Development Board attracts 134 Companies in 2019

date

11-Feb-2020

Manama, Bahrain, 11 February 2020: The Bahrain Economic Development Board (EDB) announced during its Board Meeting that it attracted 134 companies in 2019, expected to result in a total investment of US$835 million. That investment is projected to create more than 6000 jobs in the local market over the next three years.

The investment was made in a number of sectors, including: financial services, information and communication technology (ICT), manufacturing and logistics, real estate, tourism, education, and healthcare. The companies were from a number of countries including Kingdom of Saudi Arabia, the United Arab Emirates, Kuwait, France, India, Japan, the United Kingdom and Hong Kong.

According to estimates by the Ministry of Finance and National Economy, Bahrain's real GDP was forecast to increase by 2.1% in 2019. Non-oil growth was also forecast to grow by 2.3% due to the improved performance in a number of sectors, including manufacturing, financial services, and transport & communications. The oil sector was forecast to grow at 1.4%.

H.E. Khalid Ebrahim Humaidan, Chief Executive of the EDB, said, "we are always excited to see new companies launch operations in Bahrain, one of the leading investment destinations in the Gulf. Companies will find that we have an ideal investment climate, boasting some of the region's most competitive costs and skilled workforces, allowing businesses to thrive. As we enter 2020, we look forward to seeing even more growth in our non-oil sectors as the Kingdom continues its diversification efforts."

 

Latest Press Releases

Mohamed Ahmed Amer joins as the Regional Director of Operations in the Middle East

..

28-Mar-2020

Initiatives to minimise impact of Covid-19 pandemic

..

31-Mar-2020

Move encourages people to make the most of their time

..

27-Mar-2020

Rated world's most popular destination in the eyes of TripAdvisor users

..

16-Mar-2020

Temporary suspension to production in its Africa, Middle East and India region

..

25-Mar-2020

Home Safety e-booklet available in Arabic and English

..

27-Mar-2020


Most Viewed Recent Press Releases

More Fun, More Food, and new interactive shows for all

[2097 views]

The perfect guide to help find the perfect school for your child

[1914 views]

Initiative to raise awareness around online safety and spread positivity

[1704 views]

The first ever female biker event to take place in Dubai choses the iconic resort as its last stop

[1626 views]

PCR aims to hold at least 10,000 screenings this year

[1380 views]

Campaign touched lives of 64,012 individuals

[1287 views]


Related Links_


Google ADS

Other Info_

..

Health Care

Multi Specialty medical facilities, government hospitals & private clinics

..

Education

Nurseries, Kindergardens, Schools, Colleges, Universities & Higher Education

..

Popular Restaurants

Dining in Dubai - selection of restaurants where you can relax & enjoy a variety of cuisines of choice

Jobs at Dubai_

Find latest Dubai Jobs & Vacancies from placement agencies, employers & recruitment consultants in Dubai, Abu Dhabi & other Emirates in UAE.

Dubai Tours & Packages_

Book quality Dubai tours, best Dubai holiday packages with visas & Dubai hotel booking with special offers & discounts

-->

Subscribe_

Warnning

Unsupported Browser

This website includes CSS elements that your browser does not support. Please upgrade your browser to a current version, then come back and try again.

Upgrade your Browser for more experience

Chrome Firefox Safari Edge