Sheikh Salman bin Khalifa Al Khalifa, Minister of Finance and National Economy, affirmed that the Kingdom of Bahrain, led by His Majesty King Hamad bin Isa Al Khalifa, the king of the country, may God protect and preserve him, and the directives of His Royal Highness Prince Salman bin Hamad Al Khalifa, Crown Prince, Prime Minister, may God protect him, have achieved prominent economic achievements thanks to the strategic visions and comprehensive financial and economic plans that you adopt and work to implement them with all care, careful, and fair To achieve sustainable economic growth, enhance financial performance, and the national economy competitiveness and prepare it to keep pace with future changes.
The Minister of Finance and National Economy pointed out that the Bahrain Economic Vision 2030, which was launched in 2008, drew clear features of development and growth and contributed to the transition from an oil -based economy to a productive and varied economy capable of competing globally, in order to achieve the aspirations and desired goals.
This came when participating in the main session entitled “The Constituents of the Economy of the Kingdom of Bahrain and the sustainable financial and economic trends” in the “Towards Comprehensive and Sustainable Economic Development” organized by the General Secretariat of the Shura Council, in the presence of Mr. Ahmed bin Salman Al -Muslim, Speaker of the House of Representatives, Mr. Ali bin Saleh Al -Saleh, Speaker of the Shura Council, and a number of ministers and senior officials from the public and private sectors.
During the session, the minister reviewed the programs aimed at enhancing economic diversity and attracting investments, including facilitating governmental procedures for the practice of business, and providing a supportive organizational and legislative environment, through the continuous review of laws and legislation supporting investment, in addition to the transparency of procedures and services, focusing on developing logistical services, developing the labor market by expanding the labor fund programs “empower”, promoting the education sector Developing the financial services sector, enhancing the infrastructure of the communications sector, investing in human capital, stimulating innovation and developing promising sectors.
The Minister of Finance and National Economy also indicated that the Kingdom of Bahrain launched the economic recovery plan at the end of October of 2021, which included many priorities, including creating promising job opportunities to make the citizen the first option in the labor market, facilitate commercial procedures and increase their effectiveness, and develop priority sectors, in addition to enhancing the endeavors of financial sustainability and economic growth, which confirms the keenness of all members of the Bahrain team from their various locations to achieve everything that would grow and prosper for the country and all His children.
The Minister stressed that the implementation of economic plans contributed to enhancing the diversity of the Bahraini economy, as the contribution of non -oil sectors increased to about 86% of the gross domestic product, which reflects the success of the policies used to reduce dependence on oil and expand the base of national production, in addition to reviewing the most important economic indicators and positive results achieved in it.
The Minister also reviewed a number of major development projects of a strategic nature that work continues to implement in the Kingdom of Bahrain, within many priority sectors through integrated strategies such as industry, tourism, transport, energy, education and others.
It is worth noting that the General Secretariat of the Shura Council organized the joint forum between the legislative and executive authorities, as an extension of the cooperation and coordination between the two authorities regarding economic affairs, with the aim of discussing policies and best economic practices, in addition to highlighting the importance of developing possible economic legislation and stimulating investment.
