Wednesday, 21 August 2019 01:17 GMT
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Expert: Saudi Vision 2030 to support Bahraini economy




(MENAFN) Bahrain was suggested to be witnessing an economic growth as it benefits from Saudi Arabia's Vision 2030, booting trade, banking and investment sectors.

The statement has been made during an interview with Xinhua by Chief Economic Adviser of the Economic Development Board (EDB) Bahrain, Jarmo Kotilaine.

Kotilaine noted "Saudi Vision 2030, the economic paradigm shift underway in the kingdom is one of the biggest economic activities not only for Saudi Arabia, but also for the broader region including Bahrain."

The expert expressed he was positive that Bahrain's plans in economy are to be a magnet for Saudi interest, as he hailed the country's good economic performance.

He said "not only does Bahrain have an infrastructure project worth more than 30 billion U.S. dollars in the pipeline, but Bahrain's real GDP grew by 3.9 percent in 2017, with the non-oil economy expanding by 5 percent, making it the fastest growing country in the GCC (Gulf co-operation council)."

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Expert: Saudi Vision 2030 to support Bahraini economy

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