Bahrain is firmly focussed on establishing itself as a premier global technology and business destination, leveraging its business-friendly regulatory framework, cost-competitiveness and strategic location.
This was the core message delivered by Sustainable Development Minister and Bahrain Economic Development Board (EDB) chief executive Noor Al Khulaif during an appearance on Bloomberg Businessweek Daily.
Speaking with hosts Carol Massar and Tim Stenovec, the minister outlined the kingdom’s strategies for attracting and retaining major international corporations and their talent pools.
Ms Al Khulaif introduced Bahrain as a historic ‘strategic maritime state’ that has long served as a gateway and transit hub for the region, a role she noted continues to inform the country’s ‘business friendly’ ethos.
Dispelling a common misconception, she highlighted the significant diversification of the economy. “Our GDP is 85 per cent non-oil,” she said, with the financial services sector as the largest contributor, followed by manufacturing.
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