Bahrain attracted more than $400 million in foreign direct investment (FDI) in the first half of the year. 

Ninety-two companies pumped investment into the industry, logistics, tourism, financial services, Information Technology and other sectors.

The FDI flow is expected to generate more than 3,300 jobs in the local labour market over the next three years.

The half-year FDI figures were announced as His Royal Highness Prince Salman bin Hamad Al Khalifa, Crown Prince, Deputy Supreme Commander and First Deputy Premier, chaired the Economic Development Board (EDB) meeting yesterday.

He commended work to attract investors, but said more efforts were needed.

He also stressed the need to consolidate the business environment and create jobs by strengthening partnerships with the private sector.

EDB chief executive Khalid Al Rumaihi outlined the positive economic indicators, highlighting that gross domestic product (GDP) grew by 2.7 per cent in the first quarter.

A UNCTAD report says Bahrain attracted FDI of $1.5 billion in 2018, up 6pc from 2017. Mr Al Rumaihi said investments from countries including Saudi Arabia, the UAE, Kuwait, France, Switzerland, China and India entered Bahrain in the first half of 2019.

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