World Economy

Bahrain Seeks More FDI

Bahrain Seeks  More FDIBahrain Seeks  More FDI

International firms are showing renewed confidence in investing in Bahrain, a report said, adding that around 1,000 jobs are being created to attract specialized international companies to the country, TradeArabia reported. The Economic Development Board (EDB) has been able to bring in companies representing manufacturing, services, IT and telecommunications sectors in 2014. It has attracted more than $60 million in foreign investment from countries, including the US, Japan, UK, UAE, Belgium, Spain, India, Singapore, Canada, Saudi Arabia and Kuwait. EDB business development executive director Vivian Jamal said the efforts are aimed at diversifying the national economy.