(MENAFN) Following efforts by the Bahrain Economic Development Board (EDB), 40 new companies invested a total of USD5281m in Bahrain during 2016, and they were expected to generate a total of 1,647 job opportunities over the next three years.
In detail, the companies represent regional and international organizations, including companies from India, China, US and Germany, while 17 companies specialized in manufacturing and logistics, 7 in financial services, 7 in leisure and tourism and 9 others.
Khalid Al Rumaihi, Chief Executive of the EDB, said: "We are proud of what has been achieved during 2016. Our success in doubling the investments during last year comes as a result of unifying our efforts with various government bodies to ensure Bahrain is truly business friendly."
And he added: "today, investors in Bahrain enjoy an attractive business environment that offers cost-effective operations, advanced physical and soft infrastructure, as well as the abundance of an experienced bilingual workforce."
MENAFN2102201700450000ID1095261391
Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.