An article written by the Hindu Business Times documents EDB Chief Executive Khalid Al Rumaihi’s investment focus in five sectors — financial services, manufacturing, logistics, tourism, and ICT. Bahrain’s Economic Development Board (EDB), which is a focused investment promotion agency, is aiming at a $500-million FDI inflow into the island nation through this institution in the next few years, its Chief Executive Khalid Al Rumaihi has sai
In 2016, the estimated FDI flows into Bahrain through EDB was $281 million, almost double the $140 million in 2015. For the current year, the EDB is eyeing FDI flow of “north of $300 million”.
The EDB was set up in 2000 as a quasi-government agency in charge of economic strategy, investment attraction and execution of reforms in association with the government. Since non-oil sectors account for 80 per cent of its GDP, Rumaihi said Bahrain’s economy will benefit more from services than goods.
For more information, visit http://www.thehindubusinessline.com/economy/bahrains-edb-eyes-annual-fdi-of-500-million-in-next-few-years/article9569828.ece