*** ----> Bahrain in ‘growth’ paths amid pandemic | THE DAILY TRIBUNE | KINGDOM OF BAHRAIN

Bahrain in ‘growth’ paths amid pandemic

TDT | Manama

The Daily Tribune – www.newsofbahrain.com

Bahrain is stepping up efforts to achieve economic recovery and enhance financial stability amid the coronavirus (COVID-19) pandemic.

This was emphasised by Finance and National Economy Minister Shaikh Salman bin Khalifa Al Khalifa as he met remotely with Bahrain Chamber of Commerce and Industry (BCCI) Chairman Samir Nass in the presence of other key officials to discuss a number of initiatives aimed at developing the economy and creating a qualitative opportunity for citizens.

The meeting was also attended by Central Bank of Bahrain Governor Rashid Mohammed Al Maraj, Minister of Industry, Commerce and Tourism Minister Zayed bin Rashid Al Zayani, Tamkeen Board of Directors Chairman Shaikh Mohammed bin Isa Al Khalifa and Development Council Council CEO Khalid Humaidan.

Shaikh Salman noted the growth paths that reflect the strength of the Kingdom’s economy, which is based on Bahrain’s Economic Vision 2030, and lauded the royal directives and the continuous follow-up of His Royal Highness Prince Salman bin Hamad Al Khalifa, the Crown Prince and Prime Minister.

The meeting also reviewed the most prominent achievements of the Kingdom in addressing the COVID-19 repercussions, which included three priorities: preserving national employment, helping the most affected sectors, and placing Bahrain in the most appropriate position to benefit from the economic recovery.

The Minister highlighted the contents of His Majesty King Hamad bin Isa Al Khalifa’s speech at the opening of the Shura and Representatives Councils’ fourth session of the fifth legislative term.

HM the King called on business owners to adopt more ideas and initiatives for comprehensive economic development.

This set the foundations for the next stage, Shaikh Salman pointed out.

This is to focus on the role of small and medium enterprises as key drivers to achieve sustainable development goals, support development in the field of industry and future sciences, and deal with environmental and climate challenges, in addition to continuing to strive towards achieving balance.

It also focuses on financial and self-sufficiency as a basic entry point for the development and sustainability of national resources and wealth, tightening control over the quality of procedures and services, and commitment to the continuous development of performance with the latest administrative and technical practices.

The Minister indicated the focus in the next stage on achieving economic growth based on knowledge and innovation and enhancing the competitive position of Bahrain.