Bahrain’s economic recovery on track: Shaikh Salman

TDT | Manama  

The Daily Tribune – www.newsofbahrain.com

Bahrain is on track to see continued economic recovery from the pandemic this year. This was emphasized by Finance and National Economy Minister Shaikh Salman bin Khalifa Al Khalifa who took part in the annual World Economic Forum 2022 which is held from 22 to 26 May in Davos.

Shaikh Salman highlighted Bahrain’s economic recovery plan which was launched in October last year, focused on five main priorities: creating 25000 jobs, facilitating commercial procedures and increasing their effectiveness to attract investments worth more than $2.5 billion by 2023, implementing major strategic projects worth more than $30 billion, developing promising sectors, in addition to enhancing financial sustainability and economic stability by achieving fiscal balance by 2024.

The Minister stressed the importance of investing in human resources which represent a key factor to spur growth, stressing the need to support initiatives, innovations and creative ideas. He noted the importance of investing in areas that contribute to economic growth, including financial technology, pointing out that financial services represent a promising industry in Bahrain and GCC states.

Shaikh Salman stressed the impact of energy transition in the Middle East, especially the oil-exporting countries, noting the importance of achieving common goals in this field.