PHOTO
Wamda Capital, the MENA region's leading venture capital firm, has welcomed the four new laws set to be implemented in Bahrain in the coming months. The reforms, which include a personal data protection law, bankruptcy law, competition law and healthcare insurance law, aim to enhance the country’s investment ecosystem.
Walid Faza, Partner at Wamda Capital, says the new laws will also provide a welcome boost to
entrepreneurs in the country. "We're always impressed by the variety of different startups and
companies that we see in Bahrain. The country has the ability to attract startups from around the globe thanks to its great events, entrepreneurial initiatives, friendly business environment and its
proximity to Saudi Arabia.
“The new legislative reforms represent a major milestone that shows the determination of the
Bahraini Government to attract greater levels of investment by creating favourable, sound and sustainable business conditions. For entrepreneurs, being able to mitigate the risk of having to file
for bankruptcy means they can innovate without the fear of failure.
“Increased foreign investment will also bring in more experience, information and technical know-how that will enrich and positively impact the local startup scene. This will also provide wider opportunities for startups to grow, and collaborate with key players in the ecosystem."
–Ends–
For more information about Wamda, please contact:
Mutaz Albadri
Regional Account Director
Mojo PR
Phone: +971 (0)50 570 6785
Email: mutaz@mojo-me.com
Pedro Wisden
Account Executive
Mojo PR
Phone: +971 (0)52 527 4062
Email: pedro@mojo-me.com
Disclaimer: The contents of this press release was provided from an external third party provider. This website is not responsible for, and does not control, such external content. This content is provided on an “as is” and “as available” basis and has not been edited in any way. Neither this website nor our affiliates guarantee the accuracy of or endorse the views or opinions expressed in this press release.
The press release is provided for informational purposes only. The content does not provide tax, legal or investment advice or opinion regarding the suitability, value or profitability of any particular security, portfolio or investment strategy. Neither this website nor our affiliates shall be liable for any errors or inaccuracies in the content, or for any actions taken by you in reliance thereon. You expressly agree that your use of the information within this article is at your sole risk.
To the fullest extent permitted by applicable law, this website, its parent company, its subsidiaries, its affiliates and the respective shareholders, directors, officers, employees, agents, advertisers, content providers and licensors will not be liable (jointly or severally) to you for any direct, indirect, consequential, special, incidental, punitive or exemplary damages, including without limitation, lost profits, lost savings and lost revenues, whether in negligence, tort, contract or any other theory of liability, even if the parties have been advised of the possibility or could have foreseen any such damages.
