(MENAFN- Mid-East.Info)
- Bahrain received more than 12 million tourists in 2019, mostly from Saudi and other GCC countries
- Causeway set to re-open for vaccinated citizens on 17 May
Ali Al-Mudaifa, Executive Director at the Bahrain Economic Development Board
Manama: Bahrain's Chamber of Commerce and Industry today revealed its members are anticipating a $2.9 billion surge in spending once the King Fahd Causeway re-opens on 17 May based on tourist spending habits from 2019. This comes after Saudi Arabia announced it will lift its suspension on citizens travelling abroad, and open land, sea and air borders on May 17.
Bahrain welcomed more than 12 million visitors in 2019, predominantly from the Kingdom of Saudi Arabia and neighbouring GCC countries.
Commenting on the announcement, Ali Al-Mudaifa, Executive Director at the Bahrain Economic Development Board said: 'Deep economic, political and cultural connections between Bahrain and Saudi Arabia are the foundation of our relationship. Although trade between our two nations has been sustained with great success during COVID-19, tourism was significantly affected.
'Bahrain provides a multidimensional tourist marketplace including properties and other investment opportunities that can leverage the Kingdom's close proximity to Saudi Arabia - the largest consumer market in the GCC - and cater to not only Saudi's but the wider region's demand. We look forward to welcoming Saudi visitors back to the island.'
Over the last 12 months significant investments have been made into Bahrain's real estate and tourism sectors, including several wellness, resort and coastal and maritime developments.
About Bahrain Economic Development Board :
The Bahrain Economic Development Board (EDB) is an investment promotion agency with overall responsibility for attracting investment into the Kingdom and supporting initiatives that enhance the investment climate.
The EDB works with the government and both current and prospective investors, in order to ensure that Bahrain's investment climate is attractive, to communicate the key strengths, and to identify where opportunities exist for further economic growth through investment.
The EDB focuses on several economic sectors that capitalise on Bahrain's competitive advantages and provide significant investment opportunities. These sectors include financial services, manufacturing, ICT, tourism, logistics and transport.
MENAFN06052021005446012082ID1102042549
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.