As part of their ongoing efforts to develop Bahrain’s business and economic ecosystem across all sectors, His Royal Highness Prince Salman bin Hamad Al Khalifa, Crown Prince, Deputy Supreme Commander, First Deputy Prime Minister and Chairman of the Bahrain Economic Development Board (EDB), has assigned His Highness Sh. Rashid bin Abdulla Al Khalifa, the Minister of Interior to prepare a draft resolution that grants a residence permit to foreign investors on personal sponsorship of up to 10 years, which can be also be renewed.
His Highness Sh. Rashid affirmed the importance of implementing such resolutions as it falls in line with Bahrain’s Economic Vision 2030, which includes sustainability, competitiveness, and justice. He also notes that the government’s efforts to advance public services are aimed at supporting a conducive economic environment that’s able to secure growth and investment in key sectors.