Bahrain EDB announces attracting over $100 million in investment commitments from Singapore

TDT | Manama                                                      

The Daily Tribune – www.newsofbahrain.com

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Bahrain Economic Development Board (Bahrain EDB) yesterday reported at the sidelines of Singapore Fintech Festival 2024 attracting over $100 million in investment commitments from Singapore-based companies since November 2023 across key sectors, namely financial services, ICT, and tourism.

Marking a new milestone for the Island nation’s investment promotion agency, the results demonstrate the impact of Bahrain EDB’s expansive international footprint, wherein the Singapore office is the first to have been established in the ASEAN region a year ago.

Trust

H.E. Noor bint Ali Alkhulaif, Minister of Sustainable Development, Chief Executive of Bahrain Economic Development Board said, “Underscoring the established trust of international investors in Bahrain’s value proposition, this milestone achievement is a testament to the impact and agility of our ‘Team Bahrain’ approach, wherein both the public and private sectors work in tandem to ensure Bahrain’s investment environment remains attractive, defined by forward-looking regulatory frameworks and streamlined services, offering a seamless journey for businesses setting up in our island nation,” adding, “We take pride in the steady growth of investments from key markets including Singapore and in witnessing international firms that set up in Bahrain successfully expand and flourish.”

Cultural diversity

Strategically positioned in the heart of the Arabian Gulf, Bahrain is celebrated for its openness, tolerance, and cultural diversity