MANAMA: Bahrain Mumtalakat Holding Company chief executive Mahmood Al Kooheji has expressed optimism about Bahrain’s economic recovery from recession, a situation witnessed in GCC countries due to falling oil prices.
He attributed his optimism to what he described as advanced steps and measures taken by the government as part of policies aiming to diversify sources of income, restructure economy and provide employment opportunities.
“Bahrain has the necessary infrastructure to overcome many obstacles likely to hinder continuance of its economic growth”, he said.
Bahrain hasn’t stopped attracting foreign investments during the years of economic slowdown in GCC countries, he told our sister paper Akhbar Al Khaleej.
“Many foreign investments are based in the industrial area and Bahrain Logistics Zone which have almost been used up and the country is now considering the possibility of allocating another logistics zone,” he pointed out.
On Khairat Al Bahrain agricultural project in Sudan, he said a construction company has been commissioned to dig artesian wells for irrigation. Also, the land has been transferred to a Mumtalakat-affiliated company based in Sudan where Bahraini staff have been appointed, he added.
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