Heba Mohsen
The regional director of the Economic Development Council, Badr Ali, stressed that Bahrain takes advantage of its strategic location, which provides access to 33% of the Global GDP, stressing Bahrain’s commitment to strengthening the competitive investment environment.
During the Bahrain -Emirati business forum yesterday, he talked about the vital role that non -oil sectors play in diversifying the Bahraini economy, explaining that these sectors contribute greatly to achieving economic sustainability and reducing dependence on oil.
Ali pointed out that Bahrain applies attractive policies for investment, noting that the Kingdom does not impose taxes on local companies, monthly income, wealth or capital profits, indicating that it allows foreign ownership by 100% in most sectors, and the first is regional in freedom of investment and trade, explaining that the cost of living in Bahrain is the most competitive Gulf.
He pointed out that the Bahraini cadres are distinguished by their high education and efficiency, which makes it a qualified work force. According to international indicators, Bahrain is one of the world’s leading countries in skilled workers, linguistic proficiency, digital technological skills and financial skills.
Badr pointed out that Bahraini citizens occupy a high percentage of jobs without imposing restrictions on foreign employment, especially in the promising sectors, such as the financial sector in which the percentage reaches 69.4%.
He added that the Economic Development Council is the first point of communication for investment in Bahrain, as it works to facilitate procedures and provide support to investors.
He explained that Bahrain provides a “golden license”, which includes attractive incentives and services for strategic investors, noting that there are investments estimated at $ 2.4 billion given through the golden license through 9 major projects, which reflects Bahrain’s commitment to strengthening the business environment.
He talked about the available investment opportunities in several sectors, including tourism by developing resorts, entertainment, entertainment, restaurants and retail, for the aspect of logistical services, industry, information technology and financial services.
