Increased potential for Kingdom of Bahrain’s diversification and economic growth as foreign investment in the country amplifies

Increased potential for Kingdom of Bahrain’s diversification and economic growth as foreign investment in the country amplifies

Much like the wider GCC, the Kingdom of Bahrain has entered a paradigmatic yet opportunistic shift. The country’s national strategy is pivoting to become more sustainable and competitive by investing in future-defining oil-proof sectors, as the COVID-19 pandemic underscored the need for economic growth through the accelerated uptake of innovation and digital economy. As a result, the Kingdom has amplified plans for economic diversification through Foreign Direct Investment (FDI), backed by several competitive advantages that make FDI attractive. Arthur D. Little (ADL), the leading management consultancy firm with the longest-standing presence in the Middle East region, expounds this viewpoint in their latest report entitled . The report analyzes the opportunities and challenges awaiting Bahrain in light of neighboring economic activity and an increasingly tech-oriented global economy, providing insight on how Bahrain can ultimately become a fully enabled Smart country. “Despite being a smaller market in regional terms, the Kingdom of Bahrain’s highly favorable investment environment is clear for all to see,” explained “The country has the infrastructure and potential to attract robust FDI across various emerging sectors in the short, medium, and long-term, with projects holding high-success rates in areas such as renewable energy, health management, financial services, cloud computing,