MANAMA: Investment promotion agency Economic Development Board (EDB) has announced the appointment of Khalid Humaidan as chief executive, effective immediately.
Mr Humaidan will be responsible for leading the EDB in attracting further investments into the kingdom that will contribute to the generation of employment opportunities, said a statement.
Prior to joining the EDB, the Bahraini national was the head of global markets, Middle East and Africa at BNP Paribas.
He has over 20 years of experience working in capital marketing and currently serves on the board of Mumtalakat,
Mr Humaidan was also a member of the EDB’s board from 2014 until his appointment as CEO.
“From Amazon Web Services to Mondelez, the EDB’s role in bringing jobs, training, innovation and more to the kingdom has been a significant factor in firmly establishing Bahrain’s rightful place at an international level,” he said.
“Bahrain is forging a path to a digital future and now it’s an exciting time to join as the chief executive. Having spent more than 20 years working in capital markets, I look forward to contribute to the next phase of the kingdom’s economic growth and forging even stronger ties with our partners in both in the public and private sectors.”
EDB has announced that foreign investments worth $400 million were committed for Bahrain in the first half of 2019 through 92 companies in a wide range of sectors, including manufacturing, logistics, tourism, financial services and information and communications technology.
These companies are expected to create more than 3,000 jobs in Bahrain over the next three years, the agency said.
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