Innovation key to economic diversity

Crown Prince, Deputy Supreme Commander and First Deputy Prime Minister HRH Prince Salman bin Hamad Al Khalifa said that in light of the current global economic conditions, innovation and creativity are key components of driving forward economic diversification efforts. 

“These factors are also vital for fostering sustainable economic opportunities to enable the aspirations of all Bahrainis to be met,” Prince Khalifa remarked during his meeting with the Sri Lankan Minister of Industry and Commerce, Rishad Bathiudeen, at Gudaibiya Palace here yesterday.

Pointing out that Bahrain has demonstrated its commitment to strengthening ties with trading nations across the world, HRH the Crown Prince commented that it had contributed directly to the enhancement of relations between Bahrain and South Asian countries. 

Prince Salman added that economic development efforts and the strategic ties must be underpinned by the objective of increasing prosperity for all citizens. “It’s exactly this principle that guides Bahrain’s long-term development.”

In the meeting, the Sri Lankan Minister highlighted the success of his visit to the Kingdom, particularly its role in facilitating cooperation opportunities between the two countries. Zayed bin Rashid Al Zayani, Minister of Industry, Commerce, and Tourism also attended the meeting.