Bahrain thrives in finance, talent and technology

TDT | Manama                                                      

The Daily Tribune – www.newsofbahrain.com

Bahrain has achieved notable success in the inaugural edition of the World Economic Forum’s (WEF) Future of Growth Report 2024, surpassing global averages in various indices.

The report, designed to offer insights into growth trends and redefine traditional economic metrics, evaluates economic growth quality across 107 countries.

It assesses four pillars: innovativeness, inclusiveness, sustainability, and resilience. In the talent ecosystem category, Bahrain excelled, scoring above 66 for talent availability and above 67 for digital and technology talent.

The Kingdom ranked second in the Gulf for GDP growth rate per capita and demonstrated resilience in human capital indicators, including a young population and robust investment in re-skilling talent.

Bahrain also outperformed global averages in infrastructure quality, financial system resilience, technology supply concentration, and government adaptation. Additionally, the nation received above-average scores for digital payments and finance availability in the financial ecosystem.

In the technology ecosystem, Bahrain excelled in business culture and competition, particularly in exports of advanced services. Under the inclusiveness pillar, Bahrain ranked above average in workforce inclusion and excelled in access to financial services. Nada AlSaeed, Chief of Strategy at Bahrain Economic Development Board, emphasised Bahrain’s exceptional performance in innovativeness.