National report of the kingdom of bahrain on progress made. Economic indicators for bahrain including actual values, historical data charts, an economic calendar, timeseries statistics, business news, long term forecasts and. The economic vision 2030 for bahrainrecognizes that research is essential for shifting the bahrain economy from one built on oil wealth to a productive, globally competitive economy. The kingdom of bahrain has continued its efforts on solid foundations rooted in the kingdoms national action charter, the constitution, and applicable legislations, adhering to practical mechanisms based on creating alliances and partnerships to implement the national. Som bahrain national planning development strategy. Iom middle east and north africa regional strategy 20172020. English translation of the vnr report sustainable development. This is the story behind the establishment of a sovereign wealth fund in bahrain and how mumtalakat came about as part of a wider national economic vision and plan, at the instigation of hrh crown prince salman bin hamad al khalifa.
The idea was to avoid dependence on a single main source of income, to be able to ensure a reasonable standard of living for future generations and to avoid vulnerability to external economic fluctuation. As a small nonopec gulf oil producer with approximately 124. Federal data strategy leveraging data as a strategic asset. Bahrains economy has prospered over the past decades. Iom middle east and north africa 7 regional strategy 20172020 introduction the international organization for migration iom in the middle east and north africa mena1 supports states in realizing their national priorities and in fulfilling their international commitments in the area of migration, displacement and mobility.
Offshore oil production a year earlier had been temporarily depressed by seasonal maintenance. Bahrains literacy rate is the second highest in the arab world at 94. Establishment of mumtalakat as part of national economic vision. The report includes countryspecific threeyear forecasts for major macroeconomic indicators, including commodity and financial markets. For the latest updates on the edb and opportunities in bahrain, enter your email address email do you consent to having this website store your information in order to process your request. Bahrains economic outlook spring 2016 the latest mena economic monitor report spring 2016, expects bahrains growth to be at 2.
Bahrain economic quarterly q1 2019 bahrain economic growth overview economic growth in bahrain accelerated markedly in q4 2018 with an annual rate of 4. Kingdom, we will start developing the strategies and plans to make our vision come true. Bahrain economy gdp, inflation, cpi and interest rate. The ministry prepares the state general budget in coordination with other ministries and public entities in a way that reflects the financial and. Bahrain gdp annual growth rate 20002019 data 20202022. This plan is the first national development strategy 20112016, a strategy that will pave the way for qatars economic, social, cultural, and environmental development, leading to an even more prosperous qatar and setting the pace for future national strategies to come. The state of bahrain has been a pioneer of diversification of economic activity and sources of national income among gulf arab countries. This document presents the comprehensive economic vision 2030 for bahrain, outlining the future path for the development of our economy. This emphasis on construction is consistent with the kingdoms vision 2030 economic development strategy. Bahrain national planning development strategy som consultancy project for bahrain. National development strategy invest in bahrain bahrain edb. Since becoming an independent state in 1971, bahrain has witnessed spectacular economic growth and has transformed from an essentially agricultural base, where the main products were pearls and dates, to a modern industrial, business and service center and is.
Bahrain has few options for covering this deficit, with low foreign assets and fewer oil resources compared to its gcc neighbors. Find out the latest in bahrain s investment and business news. National report of the kingdom of bahrain on progress made in. An overview on investing in bahrain, the heart of the gulf. A read is counted each time someone views a publication summary such as the title, abstract, and list of authors, clicks on a figure, or views or downloads the fulltext. Bahrain vision 2030 by bahrain economic development board. It calls on the kingdom to encourage research and development in universities. To get this vision into reality, the government and the economic. Should it take aluminum bahrain alba public or sell a part of it to a joint venture partner. Reviewing official statements, actual investments and projects under implementation by the gulf cooperation council gcc states bahrain, kuwait, oman, qatar, saudi arabia and the united arab emirates. Both sectors acted as valuable drivers of growth in recent years as. The economy will likely contract in the first half of this year, as measures introduced in late march to contain the spread of coronavirus, including travel restrictions, the closure of shops and restaurants, and the banning of large public gatherings, have hampered activity. The government is by far the countrys largest employer.
They are the fundemental axels in achieving the national economic strategy 20092014 and the long term economic vision 2030. In per capita terms, bahrains economy ranks much higher. The economic vision 2030 pdf, 279kb, 26 pages, which was launched in october 2008 by his majesty king hamad bin isa al khalifa, is a comprehensive economic vision for bahrain, providing a clear direction for the continued development of the kingdoms economy and, at its heart, is a shared goal of building a better life for every bahraini. The kingdom of bahrain has continued its efforts on solid foundations rooted in the kingdoms national action charter, the constitution, and applicable legislations, adhering to practical mechanisms based on creating alliances and partnerships to implement the national strategy for the advancement of bahraini women in. In particular, the asu research strategy supports the economic development of bahrain, the deployment of future it strategies and issues around sustainability. Fiscal balance program 4 overview in recent years, the government of the kingdom of bahrain has launched a number of initiatives and programs that have contributed to ongoing economic development and promoted investment into the kingdoms economy. This was primarily due to unusually fast oil sector growth, at 11.
The qatar national vision 2030 qnv 2030, launched in october 2008 by his highness sheikh tamim bin hamad al thani, heir apparent, defines longterm development outcomes for qatar, and provides a framework within which national development strategies and implementation plans can be prepared. Preamble 02 from regional pioneer to global contender. In line with bahrains economic vision 2030, the government launched the quality assurance authority for education and training to develop and implement standards for institutions. This report looks at the typical costs associated with. Bahrain vision 2030 by bahrain economic development board issuu. Currently, arab gulf states seem not only to give political priority to economic diversification, but also to pursue such a strategy in real terms. The strategy seeks to improve infrastructure, industry, housing and connectivity and that calls for a more diverse economic base, with broader privatization, industrialization, training, and education of the bahraini workforce. The growth momentum has slowed, following the drop in oil prices. Bahrain is revising its economic growth strategy to reflect a decline in the importance of financial services and construction. A compelling case for institutions to establish in bahrain. Bahrain nonetheless has one of the most diversified economies in the gulf, with strong banking and tourism sectors. Government of bahrain is committed to implement an accessible. Bahrain global economic prospects examines trends for the world economy and how they affect developing countries.
Qatar national vision 2030, longterm strategy, 20052024 saudi. The second national economic strategy 58 bahrain among the best to live, work and. Economic forecast and performance indicators identifying bahrain s key strengths through metrics. This document is intended to help guide the public health response to covid19 at national and subnational levels, and to update the global strategy to respond to the covid19. The economic vision 2030 pdf, 279kb, 26 pages which was launched in october 2008 by his majesty king hamad bin isa al khalifa, is a comprehensive economic vision for bahrain, providing a clear direction for the continued development of the kingdoms economy and, at its heart, is a shared goal of building a better life for every bahraini. Economic indicators for bahrain including actual values, historical data charts, an economic calendar, timeseries statistics, business news, long term forecasts and shortterm predictions for bahrain economy. What are the relative merits and demerits of each of the options.
Qatars 2nd national development strategy 20182022 download file. These efforts, underpinned by the principles of sustainability. Bahraini youths play a pivotal role in aspiring to the social reality through their identity that. Iom middle east and north africa regional strategy. Through the adoption of a comprehensive national development planning framework, the national development strategy nds, vision 2030, will lay the foundation and pathway for attaining developed country status by the year 2030. The economic vision 2030 pdf, 279kb, 26 pages, which was launched in october 2008 by his majesty king hamad bin isa al khalifa, is a comprehensive economic vision for bahrain, providing a clear direction for the continued development of the kingdoms economy and, at its heart, is a shared goal of building a better life for every bahraini the launch of the vision followed four years of. N naattiioonnaall rreesseeaarrcchh ssttrraatteeggyy. The economic vision 2030 pdf, 279kb, 26 pages which was launched in. Other major economic activities are production of aluminum bahrains second biggest export after oil and gas finance, and construction. In 2007, following an 18month process of research, analysis, consultation, and design, som submitted the bahrain 2030 national planning development strategy. It was further cemented with bahrains economic vision 2030, which has strengthened sustainability and. Bahrains development process, which dates back decades, was accelerated with the launch of the comprehensive development and reform process by the king of bahrain, his majesty king hamad bin isa al khalifa.
Bahrains economic vision 2030, which has strengthened. As part of the economic vision 2030, bahrain edb initiated a programme of economic and institutional reform, including the coordination of the first national economic strategy. However, according to figures released by bahrains ministry of finance and national economy mofne, bahrains economy grew by 2. Bahrain continues its economic diversification bahrain 2018. The 2020 action plan is designed to be crosscutting and to support agencies in fulfilling a wide array of legislative and administrative requirements, while also prioritizing foundational activities for agencies in developing a mature data asset management environment. Companies pdf 875 kb 2018 country commercial guide on bahrain for u.
Attracting new companies 42 placing bahrain firmly centre stage 50 spreading the word at home and abroad 54 moving forward. Pdf countries, such as the gcc countries, that predominantly rely for their income. The university took great care to align its research strategy with national priorities identified in the national research strategy 20142024 and the bahrain economic vision 2030. We aspire to shift from an economy built on oil wealth to a productive, globally competitive economy, shaped by government and driven by a pioneering private. The economic vision 2030 pdf, 279kb, 26 pages which was launched in october 2008 by his majesty king hamad bin isa al khalifa, is a comprehensive economic vision for bahrain, providing a clear direction for the continued development of the kingdoms economy and, at its heart, is a shared goal of building a better life for every bahraini the launch of the vision followed four years of. In conclusion the youths are the national human treasure that should be invested through training and development of skills and polishing these skills. Bahrain edb is fully dedicated to enriching bahrain s investor environment, from now into the far future. Bahrain overhauls its 2030 economic blueprint the national. Economic forecast and performance indicators identifying bahrains key strengths through metrics. National action charter of bahrain wikisource, the free.
The bahrain national plan is the first of its kind in the persian gulf, and will help the kingdom of bahrain move into the forefront of modern nations planning for an era of stable, sustainable growth. Overview despite the success of economic diversification, the oil and gas sector remains a strong component of bahrains economy. Petroleum production and refining account for more than 60% of bahrains export receipts, 70% of government revenues, and 11% of gdp. Department with the economic vision and the national strategy. Over the past years the government has been the engine of the economy, using. The plan is the first project to inventory and propose virtually every aspect of a new national. This was the first contraction since the first quarter of 2018, amid declines in government services 20. The economic vision 2030 pdf, 279kb, 26 pages, which was launched in. Despite efforts to diversify the economy, according to the cia world fact book. The economic development board of bahrain is the first point of call for entities wanting to establish their business in bahrain let us help you find the perfect opportunity. Bahrain sustainable development the united nations. Bahrain national research strategy 00 introodduuccttiioonn the economic vision 2030 for bahrain recognizes that research is essential for shifting the bahrain economy from one built on oil wealth to a productive, globally competitive economy.
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