Bahrain registers 5.6 per cent increase in FDI stocks
TDT | Manama
The Daily Tribune – www.newsofbahrain.com
Bahrain has registered a 5.6 per cent increase in 2021 Foreign Direct Investments (FDI) stocks to BD12.6 billion, compared to BD11.9 billion in 2020. This was based on the provisional results of the 2021 Foreign Direct Investments (FDI) Survey, which was carried out in collaboration with the Central Bank of Bahrain (CBB) and the Economic Development Board (EDB).
The Information & eGovernment Authority (iGA) made the announcement. It covers the volume of investment flow by establishments active across all sectors whose capital is owned by non-resident entities. The survey measures the stocks and flows of foreign investments made by key entities in different economic sectors.
This data is vital in helping decision makers set suitable policies to attract further investments and contribute to the Kingdom’s development. The survey showed that the Kingdom’s annual FDI inflows during 2021 were approximately BD663.9 million, dominated mostly by financial and insurance activities and manufacturing at BD432.0 and BD238.9 million, respectively.
The foreign investments from Cayman Islands contributed 41.3%, or BD274.2 million of the total flows, followed by Kuwait with BD223.9 million, and Saudi Arabia with BD190.7 million.
The survey aims to identify sources of foreign investment according to investors’ countries of residence, in addition to highlighting sectors that attract and maintain investments. It also helps decision makers set appropriate policies to attract further investments to contribute to the Kingdom’s ongoing development.
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