Non-oil sectors reach 86 percent of GDP
TDT | Manama
Email: mail@newsofbahrain.com
His Excellency Shaikh Salman bin Khalifa Al Khalifa, Minister of Finance and National Economy, reaffirmed Bahrain’s commitment to financial sustainability and inclusive growth during the opening session of the ‘Towards Inclusive and Sustainable Economic Development’ forum held on Sunday.
Organised by the Shura Council, the session served as a platform to discuss the Kingdom’s core economic strengths and long-term development goals.
The forum was attended by senior figures including H.E. Ahmed bin Salman Al Musallam, Speaker of the Council of Representatives, and H.E. Ali bin Saleh Al Saleh, Chairman of the Shura Council.
Leadership Vision
H.E. Shaikh Salman credited Bahrain’s economic milestones to the strategic leadership of His Majesty King Hamad bin Isa Al Khalifa and the support of His Royal Highness Prince Salman bin Hamad Al Khalifa, the Crown Prince and Prime Minister.
He stressed that these achievements were shaped by forward-looking financial and economic policies designed to secure fiscal health, drive sustainable development, and enhance national competitiveness.
His Excellency the minister pointed to the Kingdom’s Economic Vision 2030, launched in 2008, as a guiding framework in Bahrain’s transition from an oil-dependent economy to a more diversified and globally integrated economic system.
Policy Milestones
Highlighting a series of reforms and programmes, H.E. the Minister noted initiatives that simplify business procedures, improve legal and regulatory frameworks, and support investment.
These include ongoing reviews of legislation, increased transparency, strengthened logistics, and expanded Tamkeen support schemes.
His Excellency also underscored the role of strategic investments in education, financial services, telecommunications, and innovation-focused sectors.
He reiterated that Bahrain’s Economic Recovery Plan, launched in October 2021, is central to the government’s efforts to stimulate job creation, promote sectoral growth, and ensure fiscal balance.
Diversified Economy
H.E. Shaikh Salman revealed that non-oil sectors now account for approximately 86 percent of Bahrain’s GDP, underscoring the Kingdom’s success in building a more resilient and broad-based economy.
His Excellency the Minister also detailed current development projects targeting key sectors such as tourism, transport, energy, industry, and education.
These initiatives, he said, are being rolled out under a cohesive national strategy designed to align institutional efforts and sustain economic momentum.
Collaborative Path
The forum, convened at Bahrain Hall in the Four Seasons Hotel, aims to strengthen dialogue between constitutional institutions and reinforce national consensus on sustainable development goals.
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