Bahrain assumes the Presidency of the Digital Cooperation Organization

  • Date: 16-Feb-2023
  • Source: Bizbahrain
  • Sector:Technology
  • Country:Bahrain
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Bahrain assumes the Presidency of the Digital Cooperation Organization

The Kingdom of Bahrain has officially been appointed to the Presidency of the Digital Cooperation Organization (DCO), the global, multilateral organization dedicated to accelerating the inclusive growth of the digital economy to create digital prosperity for all.

His Excellency Mohamed bin Thamer Al Kaabi, Minister of Transportation and Telecommunications, Kingdom of Bahrain, will become the new Chairman of the Council of the DCO.

As represented by the Ministry of Transportation and Telecommunications (MTT), Bahrain will oversee the strategic direction of the DCO for the coming year and support the ongoing execution of the key initiatives and programs that have been launched by the DCO.

The Kingdom of Bahrain has strong ambitions to be a regional leader in the digital economy and has implemented a number of projects and initiatives to create the foundation for digital growth. The government of Bahrain has developed a robust regulatory environment, including personal data protection, data jurisdiction, intellectual property and eTransaction laws to support the Kingdom’s digital economy. The country ranked in the Very High scoring category of the 2022 United Nation’s E-Government Development Index (EGDI) 2022.

Bahrain has also developed advanced FinTech policies, and its FinTech Bay is one of the leading centers for innovation in financial technology