The empowerment of micro-, small and medium-sized enterprises (MSMEs) in Saudi Arabia is key to driving economic diversification and resilience. The Kingdom has laid out strategic foundations to support MSME growth, recognising their role in creating a more dynamic and inclusive economy. By fostering an environment that enables MSMEs to expand, the country aims to unlock their full potential…
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Interview:Noor bint Ali Alkhulaif What are the synergies within your dual role as minister and chief executive of the Bahrain EDB? NOOR BINT ALI ALKHULAIF: Sustainable development and inclusive growth work hand in hand to serve the well-being of societies. Bahrain’s Vision 2030 identified social, economic and environmental sustainability as pivotal to determining economic development. The…
Interview:Kamal bin Ahmed Mohamed Ahmed How is sustainability driving progress in Bahrain’s electricity and water management? KAMAL BIN AHMED MOHAMED AHMED: The electricity and water segments are undergoing a significant transformation aligned with the kingdom’s national sustainability goals. As demand in Bahrain continues to rise, the focus is in on diversifying sources, while also ensuring…
Interview: Usman Ahmed In what ways can the Bahraini banking sector support the realisation of the national net-zero target? USMAN AHMED: The Bahraini banking sector is poised to play a critical role in achieving the national net-zero target. Banks can incentivise emissions reductions through sustainability-linked loans and the provision of capital expenditure financing for clean energy projects.…
Interview:Abdulla bin Adel Fakhro What steps is Bahrain taking to bolster its competitiveness as an investment destination, particularly in industry and manufacturing? ABDULLA BIN ADEL FAKHRO: The government’s Industrial Sector Strategy 2022-26 envisions a developed and sustainable industry landscape built upon innovative and advanced technologies. The strategy aims to bolster the industrial…
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,…
Interview:Shaikh Khalid bin Abdulla Al Khalifa By what means has Bahrain’s pursuit of economic diversification under the Bahrain Vision 2030 roadmap contributed to decreasing oil dependency? SHAIKH KHALID BIN ABDULLA AL KHALIFA: Bahrain’s efforts toward economic diversification, which began well before the launch of Bahrain Vision 2030, have significantly reduced its reliance on oil revenue.…
Trade between the GCC and the Association of SouthEast Asian Nations (ASEAN) has grown considerably in recent years as economies in both regions seek to capitalise on mutually beneficial opportunities, and diversify their trade and investment partners. Indeed, trade between the GCC and Asian countries classified as emerging and developing by the IMF increased 34.7% year-on-year to reach $516bn in…
Bahrain launched its Covid-19 Economic Recovery Plan (ERP) in October 2021 to address the economic stresses that arose during the Covid-19 pandemic, and to keep the kingdom on track to achieve the goals of Bahrain Economic Vision 2030. Workforce strengthening and job creation is one of the ERP’s five central pillars, with the government intent on cultivating a local talent pool equipped to compete…
