During the last decade, Bahrain’s position as a foreign investment destination slipped. However, the government has made significant steps to restore the country’s reputation and attract foreign direct investment (FDI) in the Kingdom. The Economic Development Board (EDB) plays a central role in encouraging local and foreign investment in the Kingdom.
The EDB promotes Bahrain as a good investment destination by highlighting its competitive advantages. The EDB also provides assistance to investors and assists with the identification of potential investment opportunities in Bahrain. The EDB also has a website that provides information on investment opportunities and procedures. The EDB promotes several economic sectors, including manufacturing, transportation, and financial services. It has been a successful agency in attracting FDI in Bahrain.
The Economic Development Board is a public agency that promotes Bahrain as an investment destination and provides assistance to investors. It also works with the government to develop the Kingdom’s economy. The EDB’s main objective is to attract direct investment into Bahrain and identify opportunities for further economic growth through investment.
The EDB has also made notable investments in advertising to promote Bahrain. The EDB has a website that gives information on the country’s economy, investment procedures, and the business environment. The EDB has also been credited with promoting good corporate governance. The EDB also has a policy to attract FDI. It has prioritized several economic sectors, including financial services, ICT, manufacturing, and transport.
The Economic Vision focuses on doubling the household income, creating an extensive public transport system, and heavy reliance on hi-tech industries. These efforts are being implemented alongside a recovery programme that includes oil and gas, tourism, telecom, and industrial activity. The programme also includes a significant focus on education and healthcare.
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The EDB has also introduced a new set of laws aimed at reforming the labour market and healthcare. It has also announced plans to launch a global technology hub in partnership with Tamkeen. It has also established the Riyadat center, which will facilitate the development of women’s creativity and enhance their capacity.
