Bahrain Economic Diversification: Promoting Growth Beyond Oil
Bahrain’s global economic policy is focused on diversifying its economy away from oil and gas and promoting economic growth through trade, tourism, and financial services.
Diversification
- Non-oil sectors: Bahrain has been actively promoting the growth of non-oil sectors such as tourism, financial services, manufacturing, and retail.
- Free trade zones: The government has established several free trade zones to attract foreign investment and stimulate economic activity.
- Economic development board: Bahrain Economic Development Board (EDB) plays a crucial role in attracting foreign investment and supporting economic growth.