Manama, Jan. 11 (BNA) His Royal Highness Prince Salman bin Hamad Al Khalifa, Crown Prince and Prime Minister, today inaugurated the new headquarters of the Bahrain Institute of Banking and Finance (BIBF) in Bahrain Bay.
His Royal Highness Prince Salman bin Hamad highlighted the important role played by the banking and financial sector in supporting the comprehensive development goals of the Kingdom, under the leadership of His Majesty King Hamad bin Isa Al Khalifa.
His Highness affirmed that the opening of the new modern headquarters of the Bahrain Institute for Banking and Financial Studies will contribute to the development of the sector and benefit the Bahraini economy and citizens.
His Highness the Crown Prince and Prime Minister pointed out the importance of investing in the Kingdom’s workforce by providing quality opportunities and developing the capabilities of educational and training institutions in the financial services sector. This will enhance economic performance and efficiency, in line with the objectives of the Economic Recovery Plan and Bahrain Economic Vision 2030.
His Royal Highness toured the 25,000 square meter building that can accommodate 1,200 trainees at any time. Building facilities include: an auditorium, smart classrooms, high-tech computer labs, and the region’s first simulated trading room. Campus facilities are equipped with the latest technology developed along with updated academic and training programs to meet the employer’s skill and experience requirements.
His Royal Highness Prince Salman bin Hamad was also briefed on the BIBF’s 40-year history, including its 600 programs and many international partnerships, particularly with the London Institute of Banking and Finance (LIBF) with which 3 agreements were signed. These agreements will ensure the provision of a number of programs and services of the Institute in partnership with the London Institute of Banking and Financial Studies worldwide.
The Governor of the Central Bank of Bahrain and Chairman of the Board of Directors, His Excellency Rasheed Al-Maraj, expressed his thanks and appreciation on behalf of the Board of Directors of the Institute and its staff to His Royal Highness for the opening of the new headquarters of the Institute.
His Excellency Al-Maraj indicated that the royal directives of His Majesty the King and the support of His Royal Highness the Crown Prince and Prime Minister is the basis for the achievement of the Bahrain Institute of Banking and Financial Studies (BIBF).
His Excellency Al-Maraj confirmed that the institute’s plans and programs were developed in accordance with the economic recovery plan 2022-2026. His Excellency added that the primary function of the Bahrain Institute of Banking and Financial Studies is to enhance specialized training qualifications in the Kingdom by providing skilled and qualified professionals to the banking and financial sector.
His Highness the Crown Prince and Prime Minister was accompanied by His Highness Sheikh Mohammed bin Mubarak Al Khalifa, Deputy Prime Minister, His Highness Sheikh Ali bin Khalifa Al Khalifa and Deputy Prime Minister Sheikh Khalid bin Abdullah Al Khalifa. The Minister of Finance and National Economy, His Excellency Sheikh Salman bin Khalifa Al Khalifa, the Minister of Labor and Social Development, His Excellency Jamil bin Muhammad Ali Humaidan, and a number of senior officials.
AOQ