Bahrain’s reforms attracting investors says new report

Bahrain’s reforms attracting investors says new report

Ambitious reforms have accelerated Bahrain’s attractiveness to foreign investors, building on its strategic location, business-friendly ecosystem, and diversified economy, says a new report.

Produced by the global research and advisory firm Oxford Business Group (OBG), ‘The Report: Bahrain 2023’ launched yesterday notes that long-term strategies aimed at further diversifying the economy and boosting inflows are already delivering results and positioning it as a competitive regional player.

Highlighting that Bahrain consolidated its recovery from the Covid-19 pandemic by achieving 2.2 per cent GDP growth in 2021 before accelerating to 4.9pc in 2022, the report says an Economic Recovery Plan was introduced in late 2021 in an effort to stimulate sustainable and broad-based growth.

Taking advantage of elevated oil prices, this plan aims to improve public finances, catalyse investment in major infrastructure projects, and enhance economic competitiveness through the development of human capital and high-potential industries.

Underlining Bahrain’s bid to put sustainability at the heart of its plans for future growth, OBG’s managing director for the Middle East Jana Treeck said programmes focused on education and training, women’s empowerment and green energy are already paying dividends.

“Bahrain benefits from several competitive advantages, including a strategic location that makes it a natural a gateway into regional markets and