Interview: Shaikh Abdulla bin Khalifa Al Khalifa
How is Bahrain positioning itself to encourage funding in sustainable and green technologies?
SHAIKH ABDULLA BIN KHALIFA AL KHALIFA: Bahrain is actively seeking investment in sustainable and green technologies to fulfil its environmental responsibilities and sustainable development goals. By emphasising renewable energy, eco-friendly infrastructure, and sustainability-driven projects, Bahrain demonstrates its commitment to environmental sustainability and economic resilience. The kingdom positions itself as a regional centre for innovation and economic growth by embracing digital transformation and technological innovation.
In line with Bahrain’s goal of achieving net-zero emissions by 2060, Mumtalakat has introduced initiatives like Safa – a voluntary carbon offsetting platform that enables organisations and individuals to reduce their carbon footprint by supporting environmental projects. Further, Mumtalakat’s involvement as a key investor in the Climate Solution Investment Platform, in partnership with Investcorp, underscores its commitment to fostering a carbon-neutral economy. This fund focuses on mid-market growth opportunities with significant financial potential, contributing to global initiatives for a sustainable future. Additionally, we have signed a memorandum of understanding with Abu Dhabi clean-energy company Masdar to explore potential collaboration in clean and renewable energy projects in Bahrain, and offer competitively priced green energy.
What steps could help Bahrain remain on a path to growth in the face of global economic challenges?
AL KHALIFA: Despite global economic challenges like oil price fluctuations, varying interest rates and geopolitical instabilities, the GCC region remains resilient due to its stability and forward-looking strategies. Bahrain, with its diversified economy, expects GDP growth to remain steady at 3% in 2023 and 2024. By optimising the investment environment, broadening opportunities, and emphasising environmental, social and governance principles, Bahrain aims to navigate global volatility and ensure future development and growth.
Which sectors hold the greatest potential for attracting foreign investment in light of the diversification aims of Bahrain Economic Vision 2030?
AL KHALIFA: Bahrain’s economy has shown resilience and growth, aided by government measures to promote economic diversification and draw foreign investment. The kingdom has made significant progress in key sectors like finance, tourism and technology, supported by ongoing infrastructure improvements to boost its competitiveness. Priority areas such as renewable energy stand out as essential for foreign investment attraction and advancing economic growth aligned with the country’s long-term sustainable development objectives. Strategically, investment in growing segments including the green economy, technology, health care, and food and beverage further supports development and diversification efforts.
To what extent do Bahrain’s business climate and regulatory environment contribute to its appeal?
AL KHALIFA: Bahrain’s focus on the ease of doing business, promoting entrepreneurship, providing access to funding and cultivating a culture of innovation have contributed to its reputation as a thriving business centre. Moreover, its skilled talent pool, advanced infrastructure and diversified economy bolster Bahrain’s appeal in sectors like finance, technology and logistics.
The regulatory environment has undergone changes that have streamlined procedures, increased transparency and aligned regulations with international standards. Ongoing reforms may focus on updating regulatory frameworks to keep pace with global best practices, enhance digital infrastructure, and ensure that policies remain adaptive to the evolving needs of investors and businesses. Such measures will reinforce Bahrain’s position as a leading investment destination.
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