WorldMoney & BusinessBahrainLifestyle

Bahrain Tops Regional, Global Rankings In 2023

Bahrain has secured high rankings across a considerable number of global indices and reports that analyse the macro environment, quality of the business ecosystem and map Foreign Direct Investment (FDI) statistics, solidifying its status as a trusted global investment hub.

Bahrain’s pro-innovation investment climate and highly skilled talent pool continue to attract leading businesses from across the region and beyond across diversified sectors, with its liberal economic policies and progressive legislative frameworks.

Backed by best-value operating and living costs, Bahrain’s business-friendly ecosystem encourages business growth and prosperity, earning its capital city of Manama the 1st spot globally in Financial Attractiveness (Global 150 Cities Index 2023, –AIRINC).

As part of its efforts to attract leading international and local companies to set up or expand their operations in Bahrain, Bahrain Economic Development Board (Bahrain EDB) and Team Bahrain secured record investments upwards of $1.7 billion in 2023. This earned Bahrain’s standing within the top 20 best FDI performers globally on the Greenfield FDI Performance Index 2023, FDI Intelligence.

Bahrain’s economic growth is driven by a thriving financial sector, which accounted for 18.1% of real GDP in Q3 of 2023, overtaking oil as the largest contributor. Backed by pioneering legislation, the financial services sector continues to achieve key milestones and high rankings, notably securing the 1st position globally in Islamic Finance Regulations (ICD-LSEG Islamic Finance Development Report 2023).

Comments

Source
BNA

Related Articles

Back to top button