(MENAFN) Bahrain registered a 2.73 percent boost in its economic growth from January to March 2019, standing at USD1.5 billion in its foreign direct investment (FDI) for 2018.
Saudi Arabia accounted for over USD745 million of the FDI to Bahrain, marking it as the biggest investor for its GCC neighbor, revealed the World Investment Report.
This surge in the Bahraini economic growth, the government explained, is attributed to development in the non-oil sector.
Last year, Bahrain vowed to grant the UAE, Saudi Arabia and Kuwait USD10 billion in financial assistance in order to avoid a potential debt crisis.
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