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EDB helps bring $281m FDI to Bahrain

April 2017

As Much as BD106 million ($281 million) in foreign direct investment (FDI) was injected into Bahrain’s economy through the efforts of the Economic Development Board (EDB) during 2016, its head revealed.

EDB chief executive Khalid Al Rumaihi was speaking at a meeting of entrepreneurs, organised by the Bahrain chapter of the Global Entrepreneurs Organisation (EO).

He discussed Bahrain’s recent economic achievements and it future outlook at the interactive session which was attended by 20 EO members.

Al Rumaihi reported that 40 new companies set up shop in the kingdom during the year. The investments are expected to generate more than 1,600 job opportunities in the next three years.

“Entrepreneurship and start-ups are key areas the EDB is focusing on as part of its strategic plan to attract investments. We have worked closely with other government departments to ensure that Bahrain develops the soft infrastructure and regulatory framework required to create an environment in which entrepreneurs and start-up businesses can thrive.”

He added: “Our meeting with the Entrepreneurs’ Organization was an incredibly useful experience. I am confident that we can work closely together to ensure that entrepreneurs continue to be supported, creating more investment and employment opportunities in Bahrain as the sector grows.”

As investors and entrepreneurs, the attending members of Entrepreneurs Organization   pledged their support and commitment to representing Bahrain as a key location to international investors – notably in the areas of alternative energy, tourism, manufacturing and ICT.

EO member Fareed Bader commented: “The session provided some very useful insights into Bahrain›s dynamic inward investment strategy, and highlighted the important role we members of EO play in furthering the development of an entrepreneurial culture in Bahrain. We are looking forward to our next meeting and exploring further opportunities to add value to Bahrain, including the launch of an EO Angel Investor group.”

EO hosted two other inspiring events last week, starting with the EO Accelerator Program awareness session at the Raddison Blu Hotel. The program, in partnership with Tamkeen, is an exciting opportunity for aspiring entrepreneurs looking for the mentorship that will catapult their business to the next level.

EO also supported Bahrain›s first Global Student Entrepreneurship Awards held on March 2 at the Westin Hotel, where four expert judges selected a lucky winner from six student finalists.




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