Manama, Bahrain, January 18 2021: Bahrain attracted US$885 million (BHD333 million) in direct investments during 2020 through new companies setting up and expanding in the Kingdom.
Several prominent companies have launched operations in the Kingdom, with investments from local, regional and international companies investing in vital sectors including financial services, manufacturing, logistics services, education, healthcare services, real estate, tourism, and ICT.
H.E. Khalid Humaidan, Chief Executive of Bahrain Economic Development Board, commented: “Despite the challenges faced across the globe due to COVID-19, we were able to continue the momentum from 2019, attracting hundreds of millions of dollars in investment from around the world.”
According to the UN Conference on Trade and Development and the IMF, the size of accumulated direct investments compared to the Kingdom’s GDP in 2019 was 78% – almost double the global average of 42%.
News Source: www.bahrainedb.com
For More Information, You can visit the website: www.bahrainedb.com
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