- Chairman of the Shura Council: The Kingdom of Bahrain witnessed a qualitative shift in the structure of the national economy based on the vision of His Majesty the King
- Minister of Finance and National Economy: Bahrain, led by His Majesty the Great King and the directives of His Highness the Crown Prince, the Prime Minister, has achieved prominent economic achievements
Organized by the Shura Council and attended by Mr. Ali bin Saleh Al -Saleh, the President of the Council, the work of the “Towards a Sustainable and Sustainable Economic Development” was launched, with the participation of Sheikh Salman bin Khalifa Al Khalifa, Minister of Finance and National Economy as a major speaker, and a number of ministers and officials from the public and private sectors, where the forum is held with the support of Bahrain and Kuwait and the National Bank of Bahrain.
The forum came within the qualitative initiatives of the Shura Council, aimed at activating the directives of His Majesty King Hamad bin Isa Al Khalifa, the king of the country, the country, may God protect and preserve him, and His Royal Highness Prince Salman bin Hamad Al Khalifa, Crown Prince, Prime Minister, may God protect him, in order to deepen the paths of consultation and cooperation between constitutional institutions, and put in place visions and ideas that support the sustainability of economic development And the aspirations of society.
During his speech to the opening of the forum’s work, Mr. Ali bin Saleh Al -Saleh, Chairman of the Shura Council, affirmed that the Kingdom of Bahrain witnessed a qualitative shift during the past years in the structure of its national economy, based on a clear vision that drew its landmarks the wise leadership of His Majesty King Hamad bin Issa Al Khalifa, the king of the country, may God protect and preserve him, and with great follow -up and high and continuous efforts by His Royal Highness Prince Salman The Covenant, the Prime Minister, may God protect him, pointing out that the Kingdom of Bahrain succeeded in enhancing growth indicators, diversifying sources of income, achieving the aspirations of the Bahraini citizen, and moving from the stage of economic recovery to sustainable growth, through a structural economic development system that takes into account sustainability, justice and equal opportunities.
The Chairman of the Shura Council explained that “this vital forum in its sides and goals comes at an accurate and detailed time in the economic development process in the Kingdom of Bahrain, as we have a confident step towards a new stage of strategic planning.”
The Chairman of the Shura Council praised the clear directions of the state’s general budget (2025 – 2026) that reflect the keenness of the esteemed government and the legislative authority, to enhance social protection frameworks and provide decent livelihoods for citizens, stressing that this achievement is achieved as a fruit of constructive cooperation and as a result of the national consensus responsible between the two authorities, which reflects the level of political maturity, which has become enjoying enjoyment It has the political process in the Kingdom of Bahrain, which confirms the commitment of the two powers to support the Bahraini citizen and meet his aspirations, especially in the areas of government support and priority housing projects.
The Chairman of the Shura Council said: “Today, according to the royal and brief vision of His Majesty the Most Merciful, may God protect and preserve him, we move to a new stage that requires us deep strategic thinking and a comprehensive analysis of opportunities and challenges, in a manner that ensures the construction of a solid, and flexible national economy, capable of regional and international competition, and in a way that enhances the Kingdom’s position as an advanced financial and commercial center in The area.
The Chairman of the Shura Council pointed out that this blessed forum comes as a university platform for all parties concerned, from the government sector, the legislative authority, the private sector, civil society, and academic society, to exchange visions and ideas, and achieve the maximum levels of installed integration in discussing the features of the future national economic vision, by relying on qualified human capital, and taking advantage of modern technology applications, innovation, and investment Smart, focusing on the values of justice, sustainability and competitiveness, and enabling all groups of Bahraini society to participate in making the prosperous future of our dear country.
The President of the Shura Council noted that the legislative authority confirms its firm commitment to its pivotal role in supporting the major national paths, in addition to its serious commitment to conducting an in -depth and comprehensive study of all recommendations and outputs that this blessed forum will end, including reviewing related policies and legislation, and assessing their suitability for the requirements of the next stage, stressing the work to update legal and organizational frameworks in a way that contributes to creating A stimulating environment for investment, supportive of innovation, and is able to keep pace with global economic changes.
“We will seek to enhance the mechanisms of consultation with government agencies, the private sector, financial and banking institutions, and civil society, in a way that enhances the economic legislative system to be more flexible, varied and effective, looking forward to the forum and its outputs is a start for a new stage of strategic national thinking, and a real title for the founding integration in the Kingdom of Bahrain, stressing the confidence that what this forum will come out with Thrilled recommendations, you will be able to respond to today’s challenges, and build a prosperous future for tomorrow’s generations.
The Speaker of the Shura Council expressed great appreciation to the speakers and sessions directors for their valuable contributions, in enriching discussions and achieving the desired goals.
The Chairman of the Shura Council extended his sincere thanks and appreciation to Mr. Khaled Hussein Al -Muscati, Chairman of the Financial and Economic Affairs Committee, and the respected committee members, and for everyone who contributed to the organization of this forum, led by Mrs. Karima Muhammad Al -Abbasi, Secretary -General of the Shura Council, for their great efforts and high -level organization, with what had a great impact in creating the appropriate ground for the launch of the work of this important national event in the fullest extent, expressing Thanks and appreciation to the Bank of Bahrain and Kuwait, and the National Bank of Bahrain, for their ability to sponsor this forum, which reflects their firm commitment to supporting national initiatives and enhancing the process of economic and knowledge development in the Kingdom of Bahrain.
During the speech of Sheikh Salman bin Khalifa Al Khalifa, Minister of Finance and National Economy, which he delivered at the main session of the forum entitled “The elements of the economy of the Kingdom of Bahrain and the sustainable financial and economic trends”, he stressed 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, the Prime Minister, may God protect him, achieved economic achievements Promise thanks to the strategic visions and comprehensive financial and economic plans it adopts and works to implement them with care and mastery, aimed at achieving sustainable economic growth and promoting financial performance, competitiveness of the national economy and preparing it to keep pace with future variables.
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 prominent 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, transportation, energy, education, etc.. Then the transfer was made to discuss the three axes included in the forum sessions, with the participation of officials and specialists from the executive and legislative authorities and the private sector, and the sessions dealt with various axes It is linked to the Kingdom’s efforts to enhance the investment environment, the role of the private sector, and the ingredients supporting sustainable economic growth.
Where the first session, entitled “Building a diverse and sustainable economy by creating an attractive environment for investment”, came, and reviewed the efforts of the Kingdom of Bahrain towards creating an attractive investment environment through the development of initiatives and policies that enhance the competitiveness of the Kingdom, and contribute to building a diverse and sustainable economy based on openness and innovation, in which Mrs. Nour Bint Ali Al -Khalif, Minister of Sustainable Development, CEO of the Economic Development Council, spoke, and Dr. Bassam Ismail Al -Banmah, a member of the Shura Council, while the session was moderated by Mr. Hisham Hashem Al -Qassab, member of the Shura Council.
While the second session discussed the role of the private sector in supporting economic diversification, achieving sustainable development, by enhancing innovation, providing job opportunities, and stimulating the growth of vital and priority sectors, the session also reviewed the challenges and opportunities in the economic environment, and the policies supporting the expansion of the private sector’s contribution to diversifying the economic base, in which Mrs. Maha Abdel Hamid Moufiz, CEO of the Labor Fund (Tamkeen), and the lady spoke Dalal Ahmed Al -Ghais, CEO of the Bahrain Development Group, and Mrs. Hala Farouk Al -Muayyad, Vice -Chairman of Youssef Khalil Al -Moayad Real Estate, Executive Director of Al -Moayad Contracting Group, and the session was moderated by Mr. Gamal Mohamed Fakhro, First Deputy Chairman of the Shura Council.
While the third session, entitled “The Impaired ingredients for the Achieving Economic Sustainability, came, and speakers reviewed in this session the most prominent stations of developing the national economy through the implementation of Bahrain’s economic vision 2030, and the plans that emerged from it such as the economic recovery plan, the strategies of developing the priority sectors, and the session also reviewed the supportive ingredients to achieve sustainable economic growth, and during the session, Mr. Khaled Humaidan, the governor of the Central Bank of Bahrain, and Mrs. Maryam spoke during the session Adnan Al -Ansari, Undersecretary of the National Economy in the Ministry of Finance and National Economy, and Mr. Ali Hussein Al -Shehabi, member of the Shura Council, while the session was conducted by Mrs. Hala Ramzi Fayez, member of the Shura Council.
The work of the forum concluded with the recitation of Mr. Khaled Hussein Al -Muscati, Chairman of the Financial and Economic Affairs Committee of the Shura Council, the recommendations of the forum, which included the continued development of economic legislation and the enhancement of mechanisms of consultation and coordination between the legislative and executive authorities, while continuing to involve the private sector and civil society institutions in a way that contributes to raising the efficiency of the legislative system and supporting economic development goals, as well as supporting policies and attractive initiatives for investment And encouraging innovation in various sectors to contribute to achieving financial sustainability within a varied and open economy, enhancing national efforts to advance infrastructure and logistical services to improve and sustain the business environment.
The forum also recommended the need to expand the launch of motivational packages in the partnership between the public and private sectors to invest in promising fields with the aim of increasing the diversification of the national economy to benefit from the achievements achieved and the experiences remedy from the Bahrain Economic Vision 2030 in developing the foundations and goals of the future economic vision.
While the recommendations stipulated the need to develop national programs for training and qualification at all stages and enhance their compatibility with the developments of the labor market in a way that contributes to providing more qualitative opportunities in the promising sectors, and the exchange of successful international experiences in the field of partnership between the public and private sectors in achieving economic diversification and enhancing the structure of the national economy by creating new opportunities and fields of work based on innovation and knowledge, as well as promoting the digital structure of the banking sector systems in order to establish A flexible organizational model balances financial innovation and economic stability.
Recommendations to support policies, institutions and programs aimed at stimulating the economic growth of financial sustainability, and ensuring the harmony of local strategies with international financial leadership standards in the development of financial technology (FINTECH) to enhance national innovation in the financial sector, as well as expanding the support of micro, small and medium -sized institutions working in unconventional sectors with added value to motivate a system of leadership Business and supplied the national economy with various and growing projects.
