MANAMA: Companies are launching and expanding operations in Bahrain, reflecting investor confidence in the kingdom and its economy, the Crown Prince and Prime Minister said.
His Royal Highness Prince Salman bin Hamad Al Khalifa, Crown Prince, Prime Minister and Economic Development Board (EDB) chairman, highlighted the EDB’s successful efforts in attracting direct investments and creating opportunities, as he chaired its board meeting at its headquarters at Bahrain Bay yesterday.
Economic and investment plans, as well as accomplishments despite Covid-19 challenges, were reviewed.
HRH Prince Salman said supporting economic growth is a continuous process that aims to enhance competitiveness and economic sustainability through innovative initiatives that stimulate the growth of various sectors, in line with Economic Vision 2030.
He expressed his gratitude to Team Bahrain, for their efforts in mitigating the repercussions presented by Covid-19.
In this regard, he noted the importance of continuing efforts during the phase of recovery to achieve the kingdom’s comprehensive development goals, led by His Majesty King Hamad.
HRH Prince Salman stressed that the performance evaluation will be based on the extent of success in making Bahrainis the first choice of employment across the labour market and in implementing projects and initiatives to create quality opportunities for all.
He said the efforts to secure a sustainable economic recovery pales compared to the stability and opportunities it will create.
HRH Prince Salman expressed his pride in the results that have been achieved, which are a reflection of Team Bahrain’s determination. He noted that the ultimate goal of the implemented programmes is to provide economic stability and development for the benefit of citizens.
The EDB has so far this year succeeded in securing investment from 64 projects and companies which are expected to invest $505 million over the next three years and create 3,551 new jobs, its chief executive Khalid Humaidan told the meeting.
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