The Bahrain Economic Development Board (Bahrain EDB) has attracted more than $380 million in investment commitments from Singapore-based companies since opening its Singapore office in November 2023.
The investments span key sectors including financial services, ICT, manufacturing, and tourism.
The announcement followed a successful visit to Singapore led by Sustainable Development Minister and Bahrain EDB chief executive Noor Al Khulaif.
The delegation met key stakeholders including the Supreme Court of Singapore, Enterprise Singapore, and the Singapore Economic Development Board, and hosted a business event showcasing Bahrain’s investment landscape and competitive operating costs.
Singapore was the top source of foreign investment capital in 2024, contributing $234m (13 per cent) of the record $1.8 billion attracted by the EDB.
This highlights Bahrain’s strong value proposition for international investors seeking access to the Mena region.
“Our robust two-year pipeline of investment projects demonstrates Singaporean investors’ trust in Bahrain’s pro-innovation environment,” said Ms Al Khulaif. “We are committed to fostering a streamlined investment ecosystem that champions ease of doing business, growth, and scalability.”
Bahrain’s agile, forward-looking legislation, investments in digital transformation and talent upskilling have attracted leading companies like Citi and PwC Middle East to establish tech hubs and service centres in the kingdom.
Recent Singaporean successes include Whampoa Group’s Singapore Gulf Bank (SGB), Bahrain’s first licensed digital bank for offshore corporate and crypto clients, and Crypto.com, which launched the GCC’s first crypto credit card.
Bahrain EDB’s Singapore office provides on-the-ground support to investors, offering research-led market insights and tailored aftercare services.
Top stories for today:
Proposal to ban new licences for serviced apartments approved
Celebrating Ramadan with luxury and style
Proposal to extend traffic fines discount is approved
Follow us on LinkedIn - Gulf Daily News - GDN
&uuid=(email))