Syed Hussein Al -Qassab
The head of the Shura Council and Economic Committee, Khaled Al -Muscati, stressed that Bahrain is proceeding with the implementation of studied strategic steps aimed at creating an attractive economic environment for investment, by developing infrastructure, modernizing legislative frameworks, and stimulating innovation, as well as developing human capital.
He explained that the Bahraini economy has a number of ingredients that enhance the Kingdom’s competitive position at the regional and international levels, noting that Bahrain is based on a strategic geographical location, and a long history as a financial and commercial center in the region, in addition to its flexible legislative environment and firm financial institutions.
Al -Muscati stressed that the Kingdom has made remarkable progress in improving the business climate, simplifying procedures and enhancing transparency, which reflected positively on the confidence of local and international investors.
He stressed that the Kingdom’s belief in the importance of economic diversity is an essential pillar of achieving balanced and comprehensive financial and economic sustainability, pointing out that this diversity provides greater flexibility in facing challenges.
He added that these goals cannot be achieved without an active partnership between the public and private sectors.
He pointed out that sustainability is no longer an option, but rather has become an inevitable necessity to ensure the continuity of growth for the benefit of future generations, stressing that its achievement requires adopting balanced economic and financial policies, based on the basis of diversification, efficiency, innovation and social justice, in addition to the optimal exploitation of resources.
In his speech delivered during the work of the “Towards Economic and Sustainable Financial Development”, Al -Muscati pointed out that the convening of the forum comes at a very important time, in light of the accelerating economic challenges witnessed by the world, which requires everyone to work in the spirit of partnership and take responsibility to turn these challenges into real opportunities for growth and prosperity.
