Manama, Dec. 20 (BNA) Bahrain has won two global awards for its Foreign Direct Investment (FDI) strategy from the fDi Intelligence Awards 2021.
The awards are based on the performance of 34 International Promotion Agencies (IPA’s), with a focus on IPAs that have emerged in the rankings published by “fDi Intelligence” last year.
fDi Intelligence has announced Bahrain as the winner of the “FDI’s Choice Bespoke Award for Infrastructure Development”. Bahrain was the only Gulf country to receive the award in the field of infrastructure development.
According to the fDi Intelligence Awards 2021, the award comes in recognition of development projects in the Kingdom that have enhanced infrastructure capabilities in many areas by increasing airport capacity by 75%. This is in addition to billions of dollars in investments in transportation networks, and huge investments in the real estate sector, with a focus on medical services and the education sector.
The Economic Development Board of Bahrain (EDB) was awarded the “FDi Award for Selecting On-Demand Staff Training” in recognition of the EDB’s efforts in skills development, as well as its strategic approach to developing technical, business and leadership skills.
The awards reflect the effectiveness and efficiency of the strategic plan adopted by the Economic Development Board and its efforts with its partners in “Team Bahrain” to attract direct investments and create good job opportunities in the local market. It also displays the level of commitment and scale of strategic infrastructure projects that have been completed, as well as the pool of local talent in Bahrain.
Bahrain has recently embarked on an economic recovery plan to drive growth based on five priorities including enhancing an overall friendly business environment to attract direct investments, creating new investment opportunities and launching strategic projects worth more than $30 billion. Investment projects can be viewed through the website www.invest.bh.
The Economic Development Board is an investment promotion agency with full responsibility for attracting investment to the Kingdom and supporting initiatives that enhance the investment climate.
It works with the government and current and potential investors to ensure that the investment climate in Bahrain is attractive, to communicate key strengths, and to identify where opportunities exist for further economic growth through investment.
The Economic Development Board focuses on the many economic sectors that benefit from Bahrain’s competitive advantages and provide significant investment opportunities. These sectors include financial services, manufacturing, technology and innovation, tourism, education, healthcare, logistics, and transportation.