*** Bahrain Rolls Out Major Plans for Economic Growth and Citizen Support | THE DAILY TRIBUNE | KINGDOM OF BAHRAIN

Bahrain Rolls Out Major Plans for Economic Growth and Citizen Support

The Bahraini government held a press conference today to announce a series of decisions approved by the Cabinet, aimed at enhancing the country’s financial situation and ensuring the continued support for citizens.

The government emphasized that security and stability are the foundation of development and prosperity. The growth witnessed across various sectors reflects the leadership and vision of His Majesty the King, as well as the guidance of His Royal Highness the Crown Prince and Prime Minister, highlighting the importance of planning, wisdom, and adherence to the principles set by the National Action Charter and the Constitution.

Officials affirmed that Bahraini citizens are the nation’s most valuable asset and the focus of all development programs. The new initiatives are not only intended to strengthen public finances but also to ensure stability and increase prosperity for citizens, with the benefits of economic growth reflected in wages and broader development opportunities.

Over the past years, the government has implemented several strategic initiatives to improve financial sustainability, optimize public spending, and direct support to those who need it most.

Economic Growth and Stability
Bahrain’s GDP has grown more than fivefold over the past two decades, rising from $9 billion in 2000 to $47 billion in 2024. Meanwhile, the average wage of Bahraini workers in both public and private sectors increased by nearly 103%, from BD 439 in 2005 to BD 893 in 2024.

Despite global inflation waves in recent years, Bahrain has maintained relatively stable inflation levels. Official data shows that the average annual inflation rate between 2019 and 2025 remained around 1%, significantly lower than in countries such as the United States, the United Kingdom, and EU nations, where inflation exceeded 20% during the same period.

Major Projects Across Key Sectors
The government highlighted successful completion of major projects in energy, industry, logistics, and tourism, reflecting Bahrain’s economic recovery plan, job creation, and income diversification.

Energy: Upgrades to the BAPCO refinery, the launch of a new oil pipeline connecting Bahrain and Saudi Arabia, inauguration of the Bahrain LNG terminal, and completion of the second phase of the Delor 2 power and water plant.

Industry: Launch of Alba’s sixth smelting line, development of downstream aluminum projects, opening of Salman Industrial City, and establishment of the U.S. Trade Zone to boost trade and foreign investment.

Logistics: Expansion of Bahrain International Airport facilities, creation of the Air Cargo Village, opening of Khalifa bin Salman Port, and inauguration of the Bahrain Logistics Zone to attract global companies.

These initiatives underscore the government’s commitment to sustainable development, economic growth, and improved living standards for all citizens.