Manama, April 20 (BNA) The Information and eGovernment Authority announced the preliminary results of the 2021 Foreign Direct Investment Survey, which was implemented in cooperation with the Central Bank of Bahrain and the Economic Center. Development Board (EDB).
It covers the volume of investment flow by active institutions in all sectors whose capital is owned by non-resident entities.
The survey revealed an increase of 5.6% in the stock of foreign direct investments (FDI) to 12.6 billion dinars, compared to 11.9 billion dinars in 2020. The survey measures the balances and flows of foreign investments made by major entities in various economic sectors. This data is vital in helping decision makers to set appropriate policies to attract more investment and contribute to the development of the Kingdom.
The survey showed that the Kingdom’s annual foreign direct investment flows during 2021 amounted to about 663.9 million dinars, mostly dominated by financial, insurance and manufacturing activities, with a value of 432.0 and 238.9 million dinars, respectively.
Foreign investments from the Cayman Islands contributed 41.3%, equivalent to 274.2 million dinars of the total inflows, followed by Kuwait with 223.9 million dinars, and Saudi Arabia with 190.7 million dinars.
The survey aims to identify the sources of foreign investment according to the countries of residence of the investors, in addition to highlighting the sectors that attract and maintain investments. It also helps decision makers to set appropriate policies to attract more investments to contribute to the Kingdom’s continuous development.
HF