Home GCC Bahrain Bahrain attracts $885m investment in 2020 despite Covid-19 Accumulated direct investments reaches 78 per cent of Bahrain’s GDP by David Ndichu January 18, 2021 Bahrain attracted $885 million (BHD333 million) in direct investments during 2020 through new companies setting up and expanding in the kingdom. Several prominent companies have launched operations in the Kingdom, with investments from local, regional and international companies investing in sectors including financial services, manufacturing, logistics services, education, healthcare services, real estate, tourism, and ICT, the Bahrain Economic Development Board has said. “Despite the challenges faced across the globe due to Covid-19, we were able to continue the momentum from 2019, attracting hundreds of millions of dollars in investment from around the world,” said Khalid Humaidan, chief executive of the Bahrain Economic Development Board. “Investors are increasingly turning to the region’s tried-and-tested business environment, where our commitment to building a pro-investor ecosystem is backed up by robust regulation. This, and our longstanding economic diversification efforts, show Bahrain is focused on enabling growth in a wide range of sectors.” Read: King Fahd Causeway re-opening to add ‘billions’ to Bahrain economy According to the UN Conference on Trade and Development and the IMF, the size of accumulated direct investments compared to Bahrain’s GDP in 2019 was 78 per cent, almost double the global average of 42 per cent. Tags Bahrain Bahrain Economic Development Board Investments 0 Comments You might also like Bahrain’s new domestic minimum top-up tax: What it means for multinationals BNP Paribas to scrap Bahrain as Middle East HQ and cut jobs Interview: Billionaire Prateek Suri on his next African adventure The newest VAT exemptions for UAE crypto, investment firms