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Bahrain to host top business congress

Bahrain Business
Fri, 17 Nov 2017

MANAMA: Bahrain has been named the host country for the Global Entrepreneurship Congress in 2019.

The announcement was made at a high-profile event at the United Nations headquarters in New York, confirming the country’s position as a business-friendly nation and an international leader in the field of entrepreneurship and business innovation.

The annual global event, hosted by countries including the US, the UK, China, Italy, Brazil and Russia, brings thousands of entrepreneurs, investors, researchers, and policymakers from more than 170 countries to identify new ways of helping founders start and scale new ventures around the world.

“We are perfectly placed to host this event thanks to our history of proactively developing and enacting programmes designed to empower Bahrainis and new enterprises. The event will bring together Bahrain’s best and brightest business minds, to provide a platform for thought leadership and greater co-operation between Bahrain and its international partners,” said Tamkeen’s chief executive Dr Ebrahim Janahi.

Entrepreneurship and business innovation are integral components of Vision 2030. SMEs now contribute nearly 30 per cent of nominal GDP, and provide jobs for nearly 73pc of private sector employees.

Bahrain is regarded as an attractive destination to international businesses for its well-established, trusted and transparent regulatory environment.

Bahrain ranks first within the GCC for fiscal health, second for judicial effectiveness and third in the Economic Freedom Index 2017.

“It will be an honour and privilege to welcome the global entrepreneurial community to Bahrain,” said Economic Development Board CEO Khalid Al Rumaihi.

“From pearl fishing to the early discovery of oil, we recognised the importance of diversifying the economy and have made great strides in the financial, telecommunications, and logistics sectors.

“Our sustained efforts in the private sector are placing Bahrain among the most advanced countries in the region, an ideal gateway to the $1.6 trillion Gulf market,” Mr Al Rumaihi.