Arab Today, arab today bahraini crown prince chairs economic development board meeting
Last Updated : GMT 23:14:54
Arab Today, arab today
Arab Today, arab today

Bahraini crown prince chairs economic development board meeting

Arab Today, arab today

Arab Today, arab today Bahraini crown prince chairs economic development board meeting

Economic Development Board (EDB)
Manama - BNA

His Royal Highness Prince Salman bin Hamad Al Khalifa, the Crown Prince, First Deputy Prime Minister and Chairman of the Economic Development Board (EDB) today chaired a board meeting of the EDB in Riffa.
In his opening remarks, His Royal Highness highlighted that the upcoming substantial development and infrastructure projects, totalling US $22 billion, will help to achieve the Kingdom’s goal of sustainable economic growth. He added that further developing Bahrain’s diverse economy would improve the quality of life for all Bahrainis by creating high-quality employment opportunities and attracting new levels of foreign investment.
His Royal Highness then announced that substantial investment programmes would focus on development projects across the private and public sector, including industrial investment, infrastructure and tourism. He then underlined that increasing competitiveness and identifying investment priorities are necessary for Bahrain’s continued economic development.
During the meeting, His Excellency Kamal bin Ahmed, Chief Executive of the EDB, presented its most significant achievements during the first half of this year, emphasising that the registration of 21 new companies had created more than 950 new jobs. Furthermore, he highlighted the recommendations put forward by several government entities to support Bahrain’s National Development Strategy as well as other key milestones involving EDB’s participation in international investment events to further attract businesses to the Kingdom.
His Excellency Shaikh Ahmed bin Mohammed Al Khalifa, Minister of Finance and Chairman of the committee charged by the EDB with tackling congestion at King Fahd Causeway, subsequently outlined some of the committee’s latest achievements including the current status of traffic flows at the causeway. His Excellency highlighted that work to tackle congestion at the causeway has led to a 73% reduction in waiting times for trucks entering and leaving the Kingdom, and a 90% decrease in the number of vehicles queuing to cross the causeway. He further noted that inspections are being conducted to facilitate an increase in the flow of goods and services to the Kingdom.

Following the presentations, His Royal Highness requested the monitoring of the development programme of Bahrain’s financial sector by a committee under the leadership of the Governor of the Central Bank, His Excellency Rashid Al Miraj. His Royal Highness also called on the committee charged with tackling congestion at King Fahd Causeway to continue exploring effective means to further alleviate congestion and facilitate the swift entry of commuters. Finally, turning to the strategic development programmes, His Royal Highness requested that the EDB establish coordination and collaboration mechanisms with government entities and private institutions to monitor the implementation of substantial development projects, which is vital to raising the Kingdom’s competitiveness and efficiency of its public services.
The role of the EDB
The Bahrain Economic Development Board is a dynamic public agency with overall responsibility for attracting inward investment into Bahrain and supporting initiatives that help enhance the investment climate in the country. The role of the EDB is to work with current and prospective investors ensuring that Bahrain’s investment climate is attractive, identifying its key strengths and where opportunities exist for further economic growth through investment.
The EDB focuses on several economic sectors that capitalise on Bahrain's competitive advantages and provide significant investment opportunities. These sectors include financial services, professional services, manufacturing, ICT, logistics and transport. The financial services sectors is particularly strong in Bahrain, accounting for the largest proportion of GDP, and the EDB works to support the continued growth of the banking industry and key sub-sectors, including Islamic finance, wealth management, asset management, insurance and re-insurance.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today bahraini crown prince chairs economic development board meeting Arab Today, arab today bahraini crown prince chairs economic development board meeting

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today bahraini crown prince chairs economic development board meeting Arab Today, arab today bahraini crown prince chairs economic development board meeting

 



Arab Today, arab today
Arab Today, arab today Designer Aql Faqih aspires to innovation

GMT 18:41 2017 Friday ,20 October

Designer Aql Faqih aspires to innovation
Arab Today, arab today Italy regions back 'big bang' autonomy

GMT 07:10 2017 Monday ,23 October

Italy regions back 'big bang' autonomy
Arab Today, arab today Etiquette expert underlines importance of gifts

GMT 17:52 2017 Sunday ,03 September

Etiquette expert underlines importance of gifts
Arab Today, arab today Trump: End of Daesh is in sight

GMT 20:29 2017 Monday ,23 October

Trump: End of Daesh is in sight
Arab Today, arab today Maltese demand justice for murdered

GMT 06:08 2017 Monday ,23 October

Maltese demand justice for murdered
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today World's deepest lake in peril

GMT 15:54 2017 Friday ,20 October

World's deepest lake in peril
Arab Today, arab today Ex-French minister Dati wants tough action

GMT 10:54 2017 Thursday ,19 October

Ex-French minister Dati wants tough action
Arab Today, arab today Lost Australia diver swam miles

GMT 19:09 2017 Monday ,23 October

Lost Australia diver swam miles
Arab Today, arab today The history of solar eclipses

GMT 05:16 2017 Sunday ,20 August

The history of solar eclipses
Arab Today, arab today Tesla to build wholly-owned plant

GMT 07:55 2017 Monday ,23 October

Tesla to build wholly-owned plant
Arab Today, arab today EU raids automaker BMW

GMT 11:06 2017 Saturday ,21 October

EU raids automaker BMW
Arab Today, arab today Rogina happy for reactions to “The Flood”

GMT 09:30 2017 Friday ,20 October

Rogina happy for reactions to “The Flood”
Arab Today, arab today Delhi braces for pollution 'airpocalypse'

GMT 16:07 2017 Friday ,20 October

Delhi braces for pollution 'airpocalypse'

GMT 08:15 2017 Thursday ,19 October

Actress Mona Zaki praises husband’s role

GMT 18:15 2017 Monday ,16 October

British actress becomes fifth woman

GMT 16:53 2017 Tuesday ,05 September

Youssra depended on colored foam

GMT 19:09 2017 Thursday ,19 October

Massacre fears spark race

GMT 10:46 2017 Saturday ,05 August

Nanis reveals simple ideas for home renovation

GMT 06:07 2017 Sunday ,22 October

15,000 Under Fives Die

GMT 12:54 2017 Saturday ,21 October

Malaysia Airlines picks new CEO

GMT 17:12 2017 Monday ,07 August

Al-Shawaifi reveals secrets of total solar eclipse

GMT 20:46 2017 Thursday ,19 October

Qualcomm files lawsuits in China to ban iPhones

GMT 16:53 2017 Saturday ,02 September

Mai importance of gifts during Eid Al-Adha
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday