Bahrain will continue to embrace fintech development: CP

Bahrain will continue to embrace fintech and nurture an environment conducive to boost creativity and innovation within the banking and financial sector, said the Crown Prince. His Royal Highness Prince Salman bin Hamad Al Khalifa, the Crown Prince, Deputy Supreme Commander and First Deputy Prime Minister was receiving the Chief Executive of Citigroup, Michael Corbat, at Gudaiybia Palace.

During the meeting, HRH stressed that Bahrain is committed to diversifying its economy by investing in various sectors in line with the comprehensive development efforts led by His Majesty King Hamad bin Isa Al Khalifa. HRH highlighted the progress made in advancing Bahrain’s information technology ecosystem, saying, “these efforts make Bahrain a favourable destination for investment, especially in the banking and financial sector, creating quality opportunities for the citizens.”

For his part, the Chief Executive of Citigroup expressed his thanks and appreciation to HRH for his support in developing the banking and financial services sector in Bahrain. Shaikh Mohamed bin Khalifa Al Khalifa, the Minister of Oil and Rasheed Al Maraj, the Governor of the Central Bank of Bahrain, were in attendance.