- Citizens of Bahrain
- International organizations and institutions
- Bahrain’s economic growth?
- Bahrain considers foreign investment
- The 2030 Economic Vision
The Bahrain economy heavily depends on oil and gas production. Bahrain denar is the second-highest currency in the world. Although Bahrain also spends money on other projects of production and economic growth, its finance industry was very successful in 2008. Now in 2022 and in the next few years, what are the expectations about Bahrain ‘s economic growth?
Economy: With the cost of the competition, easy access to the entire Middle East, and well-established business infrastructure, you will find that the Bahraini Government has a wealth of insight into the needs of foreign businesses and their response to them.
Bahrain considers foreign investment as key to its long-term vision of Economic Vision 2030 to improve our economic competitiveness, create skills jobs for the people of Bahrain and improve quality of life. For this reason, Bahrain is committed to building on our existing benefits, with the aim of building a very attractive Middle East business center.
The 2030 Economic Vision,presented by His Majesty King Hamad Bin Isa Al Khalifa in October 2008 incorporates the full vision of the Bahraini State which aims to create a clear path to economic development while focusing on the overarching goal. which is to improve the quality of life of all citizens of Bahrain.
The idea was introduced after four years of detailed discussions with a number of public and private sector decision-makers including government institutions and stakeholders in addition to a number of international organizations and institutions.
The 2030 Economic Vision focuses on fulfilling the vision of an integrated socio-economic government and focuses on three fundamental principles namely competitiveness, integrity, and sustainability.
Following the introduction of this vision, the Government of Bahrain embarked on a program of institutional economic reform in line with the objective of the 2030 Vision. This has led to the development of a national economic strategy that represents the framework for achieving the vision. This strategy is being updated regularly to accommodate international changes and government action.