On the impact of the accomplishments and successes achieved by the Kingdom of Bahrain, it is worth noting that standing at 3 news circulated in the recent period, as it clearly revealing the distinguished efforts of the “Bahrain Team”, whose impact on the development of the national economy directly reflects, in implementation of the good and wise visions of His Majesty King Hamad bin Isa Al Khalifa, the king of the country, may God protect and preserve him, and under the guidance and follow -up of the owner Royal Highness Prince Salman bin Hamad Al Khalifa, Crown Prince, Prime Minister, may God protect him.
Perhaps the first of these news, what the Bahrain Mumtalan Holding Company announced “Mumtalakat”, the sovereign wealth fund for the Kingdom of Bahrain, on “registering the highest net profit since its foundation in 2006, and its unified financial results for the year ended on December 31, 2024, a clear net profit registration of 363 million Bahraini dinars, which reflects the success of its strategy and its continuous efforts towards achieving the sustainable returns long The term, where the achievement of these results supported the success of a property company in implementing the plan of restructuring the McLaren Group of Companies and partnership with “Sifen” through the strategic agreement signed by “Mumtalakat” with “Sifen” in December 2024.
The company also clarified that «as a result the major companies in the group, the National Bank of Bahrain and the Bahrain Company for Telecommunications (Pion), continued to achieve strong results, as the unified financial results of the group are due to the power of the portfolio performance, which was reflected through the increase in unified revenues of 2.2 billion Bahraini dinars in 2024 compared to 2.1 billion Bahraini dinars in 2023, and the unified profit of operational operations reached 544 million Bahraini dinars in 2024 compared to a loss of 33 million Bahraini dinars in 2023.
The second news was talking about the growth of Bahraini GDP 2.6% during 2024, as the Information and E -Government Authority issued the initial estimates of national accounts for the year 2024, which showed that the gross domestic product with fixed prices increased by 2.6% compared to the previous year while the non -oil sector achieved a growth of 3.8%, which reflected government strategies in targeting vital sectors to achieve development Economic, including dimensions.
The report also indicated the export of financial activities and insurance activities of the largest non -oil sectors, contributing to the real GDP by 17.2%, followed by the manufacturing industry by 15.1%. Most economic activities achieved positive growth rates exported by information and communications activity as the highest non -oil activities at a rate of 12.3%, followed by professional, scientific and technical activities, at a rate of 9.5%, and then the activities of residence and food services by 5.9%at fixed prices.
And the third news, the announcement of the direction of an official delegation from the Kingdom of Bahrain headed by the Minister of Finance and National Economy His Excellency Sheikh Salman bin Khalifa Al Khalifa to the Italian Republic on a visit that includes the Italian cities Rome, Parma and Milan, aimed at holding a series of activities and official meetings with the public and private sectors, with the aim of strengthening economic and commercial relations between the Kingdom of Bahrain and the Italian Republic, in addition to introducing various investment opportunities in the priority sectors in Bahrain, Including financial services, information and communications technology, industry, logistical services, and tourism, as the Kingdom is keen to provide investment opportunities for Italian companies that seek to expand its presence in the Middle East and abroad, especially the Italian Parala Pasta production and the company “Racing Fores” manufacturer of car racing equipment.
From this standpoint, and by analyzing the gains that belong to the Kingdom of Bahrain by monitoring the results of the three news outputs, the extent of the relentless pursuit of the “Bahrain Team” to advance the national economy and attract investments, where it is promoted to the Kingdom as it represents a distinct interdependence with the regional and global markets, through the advanced infrastructure, in addition to the competitive operational costs, which encourages attracting Investments, especially in the financial, technological, tourism, and others.
Therefore, it was necessary to mention the valuable efforts made by the Minister of Finance and National Economy His Excellency Sheikh Salman bin Khalifa Al Khalifa through a distinct thought based on the application of professional strategies that promote the national economy and develop its inputs, towards larger and broader horizons.
