Bahrain Attracts Over $100 Million in Investment from Singapore Firms

Bahrain, 7 November, 2024 : Bahrain has attracted over $100 million in investment commitments from Singapore-based companies across key sectors like financial services, ICT, and tourism since November 2023. The Bahrain Economic Development Board (EDB) made the announcement at the Singapore Fintech Festival 2024, marking a significant milestone for the country’s investment promotion efforts.

Noor bint Ali Alkhulaif, Chief Executive of Bahrain EDB, emphasized the trust international investors place in Bahrain, citing the success of the “Team Bahrain” approach, which integrates both public and private sector efforts to create an attractive investment environment. 

Bahrain, strategically located in the Arabian Gulf, continues to draw international firms due to its skilled workforce, strong regulatory frameworks, and a commitment to innovation. Notable global companies like Citi and PwC Middle East have established tech hubs in Bahrain to serve their global clients.

Dalal Buhejji, Executive Director of Financial Services at Bahrain EDB, highlighted Bahrain’s leadership in financial services, with the Central Bank of Bahrain (CBB) introducing pioneering regulatory frameworks, including in crypto assets and open banking. 

The Bahrain EDB’s Singapore office plays a key role in facilitating investment by offering on-the-ground advisory services and connecting investors with local businesses. Bahrain remains a key gateway for businesses seeking to expand into the Middle East and North Africa (MENA) region.

Source : www.zawya.com