MANAMA: The Economic Development Board (EDB), Bahrain’s main investment promotion agency, yesterday announced the launch of an investment platform (invest.bh) that allows investors to access investment opportunities in the kingdom’s strategic projects worth more than $30 billion.
The projects were announced last week as part of the Economic Recovery Plan.
The platform enables investors to explore current investable and future planned projects in the kingdom across a wide range of sectors including industrial, infrastructure, tourism and housing projects.
Investable projects include Bilaj Al Jazayer Tourist City, Bahrain Metro, USA Trade Zone, Aluminium downstream zone and Sports City. Future planned projects are the new planned cities of Fasht Al Jarim Area, Suhailia Island Area, Fasht Al Adhm Area, Gulf of Bahrain Area, and Hawar Islands Area.
Khalid Humaidan, chief executive of the EDB, said: “This new investment platform is a critical component in implementing the Economic Recovery Plan. With the recent announcement of the strategic projects, ensuring investors have access to current investment opportunities, as well as future planned projects gives them direct access to strategic investment opportunities and offers us a platform to engage directly with prospective partners.”
“The plan aims to drive economic growth and boost non-oil sectors in Bahrain as we emerge from the pandemic. Through the platform we are encouraging the private sector to play a bigger role in economic development.”
The EDB provides support for investors interested in these opportunities and enables them to benefit from the competitive advantages available to them in the kingdom, including an agile business environment, competitive operating costs with no corporate or income taxes, and a highly skilled workforce.
The agency has offices around the world, including in the US, Europe, China and India.
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