The kingdom is moving ahead with a series of ambitious projects as part of Bahrain’s economic recovery plan announced by the government in October last year.
It follows directives of His Majesty King Hamad and the announcement by the Cabinet, led by His Royal Highness Prince Salman bin Hamad Al Khalifa, Crown Prince and Prime Minister, of the launch of a number of initiatives aimed at developing the economy and creating qualitative opportunities for citizens.
This plan revolves around five priorities, namely creating promising job opportunities making the citizen the first choice in the labour market, streamlining commercial procedures and increasing their effectiveness to attract investments, implementing major development projects, developing promising sectors aimed at non-oil GDP growth and enhancing endeavours to achieve financial sustainability and economic stability by reaching financial balance by 2024.
The economic recovery plan includes strategies for development from this year until 2026.
The plan started with the launch of the tourism sector strategy on November 6 and the logistics sector strategy on November 17 last year.
On November 24, the implementation of major development projects was announced, consisting of projects worth more than $30 billion, which include a construction plan for five new cities, infrastructure and communications projects, and projects in the tourism sector.
Projects announced also covered health, youth and sports sectors.
On December 5, the strategy for developing financial services sector was launched, and on December 23, initiatives to develop government services were announced, with focus on four initiatives.
The industry sector strategy was launched on December 30 last year, while on January 12, the ICT and digital economy sector strategy was launched.
The launch of these ambitious strategies aimed to fulfil Bahrain’s development aspirations, as the economic recovery plan aims to enhance financial stability across the country’s productive, service and economic sectors by proposing more initiatives for comprehensive development.
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© Copyright 2020 www.gdnonline.com
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The kingdom is moving ahead with a series of ambitious projects as part of Bahrain’s economic recovery plan announced by the government in October last year.
It follows directives of His Majesty King Hamad and the announcement by the Cabinet, led by His Royal Highness Prince Salman bin Hamad Al Khalifa, Crown Prince and Prime Minister, of the launch of a number of initiatives aimed at developing the economy and creating qualitative opportunities for citizens.
This plan revolves around five priorities, namely creating promising job opportunities making the citizen the first choice in the labour market, streamlining commercial procedures and increasing their effectiveness to attract investments, implementing major development projects, developing promising sectors aimed at non-oil GDP growth and enhancing endeavours to achieve financial sustainability and economic stability by reaching financial balance by 2024.
The economic recovery plan includes strategies for development from this year until 2026.
The plan started with the launch of the tourism sector strategy on November 6 and the logistics sector strategy on November 17 last year.
On November 24, the implementation of major development projects was announced, consisting of projects worth more than $30 billion, which include a construction plan for five new cities, infrastructure and communications projects, and projects in the tourism sector.
Projects announced also covered health, youth and sports sectors.
On December 5, the strategy for developing financial services sector was launched, and on December 23, initiatives to develop government services were announced, with focus on four initiatives.
The industry sector strategy was launched on December 30 last year, while on January 12, the ICT and digital economy sector strategy was launched.
The launch of these ambitious strategies aimed to fulfil Bahrain’s development aspirations, as the economic recovery plan aims to enhance financial stability across the country’s productive, service and economic sectors by proposing more initiatives for comprehensive development.
© Copyright 2020 www.gdnonline.com
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