BAHRAIN is strategically pursuing programmes that support economic diversification and attract investments, says a top government minister.
Finance and National Economy Minister Shaikh Salman bin Khalifa Al Khalifa said these include streamlined business procedures, supportive regulatory and legislative frameworks, continuous review of investment-related laws, transparency in processes and services and the development of logistics services.
Bahrain’s non-oil revenues increased from 18 per cent in 2018 to more than 40pc last year, he told a major annual national forum, ‘Towards Inclusive and Sustainable Economic Development’, yesterday.
The minister said that the government was moving from economic recovery following the Covid-19 pandemic to sustainable growth with a focus on vital sectors and strategic projects.
The one-day forum was organised by the Shura Council at the Four Seasons Hotel Bahrain Bay under the sponsorship of NBB and BBK.
Parliament Speaker Ahmed Al Musallam and Shura Council Chairman Ali Saleh Al Saleh were present. Shaikh Salman highlighted that Bahrain’s Economic Vision 2030 has laid a clear path towards progress, contributing to the shift from an oil-based economy to a diversified and globally competitive and productive economy.
He noted that these efforts reflect the collective commitment of Team Bahrain to the nation’s progress.
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