His Royal Highness Prince Salman bin Hamad Al Khalifa, the Crown Prince, Deputy Supreme Commander and Chairman of the Economic Development Board (EDB) yesterday chaired the EDB board meeting held at the organization’s headquarters at Bahrain Bay.
During the meeting, HRH the Crown Prince emphasized that Bahraini citizens continue to be placed at the core of the Kingdom’s development plans, in line with the vision of His Majesty King Hamad, and noted that the creation of high-quality jobs is a key component of the Kingdom’s inward investment efforts. HRH the Crown Prince went on to highlight the EDB’s achievements during 2018, focusing in particular on efforts to further develop the Kingdom’s key sectors by boosting co-operation between the public and private sectors.
HRH the Crown Prince further noted the EDB’s efforts in attracting international investments during last year. HRH the Crown Prince stressed that in line with its mandate to accelerate economic development and diversification, the EDB should continue to prioritize foreign investments and build on its achievements during 2018. Khalid Al Rumaihi, EDB Chief Executive, then gave a presentation on the organization’s achievements during last year.
He noted that the EDB was able to exceed its targets during 2018, successfully attracting foreign investments of BD 314 million from 92 local and international companies. He added that these efforts will contribute to the creation of more than 4,700 jobs in the next three years.