February 24, 2024

Despite the roadblocks faced in 2020 due to COVID-19, Bahrain lures around $885Mn Investments within the preceding year 2020

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Overall, despite the current as well as preceding year roadblocks faced due to COVID-19 Pandemic, the overall net volume of the gathered direct investments grasps 78 percent of Bahrain’s GDP.

Bahrain amassed around a staggering $885 million (BHD333 million) within the direct investments during 2020 with giving place to new establishments setting up and intensifying in the kingdom.

Numerous noteworthy businesses have launched processes in the Kingdom, with investments from the native, provincial and global businesses investing in sectors including financial services, manufacturing, logistics services, education, healthcare services, real estate, tourism, and ICT, the Bahrain Economic Development Board has stated.

Chief executive of the Bahrain Economic Development Board, Khalid Humaidan, stated that: “Despite the challenges faced across the globe due to Covid-19, we were able to continue the momentum from 2019, attracting hundreds of millions of dollars in investment from around the world.”

He also added that: “Investors are progressively turning to the nation’s tried-and-tested business environment, where our obligation to building a pro-investor ecosystem is backed up by robust regulation. This, and our longstanding economic diversification efforts, show Bahrain is focused on enabling growth in a wide range of sectors.”

According to the UN Conference on Trade and Development and the IMF, the scope of amassed direct investments compared to Bahrain’s GDP in 2019 was 78 percent, almost double the global average of 42 percent.

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