BD49mln FDI boom for Bahrain in nine months

TDT | Manama

Email: mail@newsofbahrain.com

Bahrain has seen a significant increase in foreign direct investment (FDI) during the first three quarters of 2024, according to data released by Bahrain’s Open Data Portal.

Total FDI reached approximately BD49 million, marking a nearly 10% rise compared to the same period in 2023, when FDI totaled BD44.8 million. This represents a 9.45% year-on-year increase.

The surge is largely attributed to robust investment from Gulf Cooperation Council (GCC) nations. Kuwait led the pack, contributing BD17 million in investment over the nine-month period. Saudi Arabia followed closely with BD10.6 million, the UAE with BD5.2 million, and Libya with BD3.6 million.

Kuwait’s investment demonstrates a strong commitment, exceeding BD5 million in each of the first three quarters of 2024.

Saudi Arabia also saw consistent investment, exceeding BD3 million across the same period. The UAE’s investment totaled BD5.2 million, with approximately BD1.7 million invested during each quarter.

Libya’s significant contribution of BD3.6 million, with consistent investment across the three quarters, also stands out. India followed with BD1.8 million in FDI during the same period.