The Economic Development Board announced the launch of the investment platform invest.bh that allows investors to access investment opportunities in the Kingdom’s strategic projects as part of Bahrain’s Economic Recovery Plan which saw the announcement of strategic projects worth more than USD30 billion.
Latest Fintech Insights: NextPlay’s NextFin Division Receives Conditional License Approval for Insurance and Re-Insurance Offerings
The platform enables investors to explore current investable and future planned projects in the Kingdom across a wide range of sectors including industrial, infrastructure, tourism and housing projects.
Investable projects include Bilaj Al Jazayer Tourist City, Bahrain Metro, USA Trade Zone, Aluminium downstream zone and Sports City. Future planned projects are the new planned cities of Fasht Al Jarim Area, Suhailia Island Area, Fasht Al Adhm Area, Gulf of Bahrain Gulf of Bahrain Area, and Hawar Islands Area.
Khalid Humaidan, Chief Executive Director of the Bahrain Economic Development Board, said: “this new investment platform is a critical component in implementing the Economic Recovery Plan. With the recent announcement of the strategic projects, ensuring investors have access to current investment opportunities, as well as future planned projects gives them direct access to strategic investment opportunities and offers us a platform to engage directly with prospective partners.”
Browse The Complete News About Fintech :Â ACI Worldwide Drives Payments Innovation For PayPoint
“Our Economic Recovery Plan aims to drive economic growth and boost non-oil sectors in the Kingdom of Bahrain as we emerge from the pandemic. Through the platform we are encouraging the private sector to play a bigger role in economic development.”
The Kingdom of Bahrain’s Economic Development Board provides support for investors interested in these opportunities and enables them to benefit from the competitive advantages available to them in the Kingdom, including an agile business environment, competitive operating costs with no corporate or income taxes, and a highly skilled workforce. EDB has offices around the world, including in the USA, Europe, China, and India.
Read More About Fintech News : BitMEX Introduces Most Rewarding Crypto ‘Earn’ Product Yet
[To share your insights with us, please write to sghosh@martechseries.com]
