FDI rises 5.6% to BD12.59 billion in 2021

TDT | Manama                  

The Daily Tribune – www.newsofbahrain.com  

Thanks to strong manufacturing and financing and insurance activities, Bahrain’s foreign investments and capital flows have increased by 5.6% in 2021, said the latest FDI survey.

The final foreign direct investment survey released yesterday said, Bahrain achieved a 5.6% increase in foreign direct investment balances in 2021 to BD12,590.11 million from BD11,921.14 m recorded a year ago.

The Information & e-Government Authority said the results were based on the volume of foreign investments of the most important institutions in various economic sectors.

The survey aims at helping decision-makers in setting appropriate policies to attract and polarize more investments. During 2021, Kingdom’s FDI flows jumped to BHD 668.97 m from BHD 384.04 m in 2020.

The survey attributes this increase mostly to the manufacturing sector and financing and insurance activities, at BHD 316.93m and BHD 315.16 m, respectively.

Direct investments from Kuwait accounted for 34.18 % or BHD 228.66 m of 2021 flows, followed by the Cayman Islands with BHD 200.06 m, and Japan with BHD 150.75 m. The survey targeted to determine the sources of foreign investment according to the country of residence of the investors, as well as to identify the sectors that attract investment to focus on them and go to the development of other sectors.

The Foreign Investment Survey is one of the most important economic surveys that the Authority conducts on a regular basis identifying foreign investment balances and flows.