Bahrain strategies, reforms will draw investors: report

Bahrain strategies, reforms will draw investors: report

Bahrain's long-term strategies aimed at propelling key growth sectors will pay dividends soon, sealing the kingdom's status as an attractive destination for foreign investment and positioning it as a competitive regional player, says a new report.

The Report: Bahrain 2023, produced by the global research and advisory firm Oxford Business Group (OBG), provides in-depth analysis of Bahrain’s efforts to diversify its economy and boost investment against a backdrop of high oil prices.

Oliver Cornock, Editor-in-Chief, OBG, said while Bahrain had benefited from high oil prices in recent years, steps taken concurrently to further diversify the economy and boost inflows were already delivering results.

“Significantly, non-oil GDP growth is now outpacing that of the oil sector, which will provide a welcome buffer against an expected reduction in global hydrocarbons prices as the kingdom’s efforts to broaden its economic base advance,” he said.

“Initiatives such as the Public-Private Partnerships guide, in particular, are proving instrumental in attracting investment for the pipeline of capital projects that will be key in supporting Bahrain’s plans for manufacturing and logistics development.”

Jana Treeck, OBG’s Managing Director for the Middle East, added that the report also highlighted Bahrain’s bid to put sustainability at the heart of its plans for future growth, with