MANAMA: A top business strategy specialist told Arab News that the Gulf countries’ success in attracting international investment benefits the region as a whole. In an interview on the second day of the Bahrain International Airshow, Nada Al-Saeed, chief of strategy at the Bahrain Economic Development Board, hailed the Middle East’s increasing ability to attract finance as “fantastic,” noting that it draws more attention to the region.
Saudi Arabia got SR96 billion ($25.6 billion) in foreign direct investment in 2023, 16 percent more than its goal level, while Bahrain received a record $1.7 billion, a 55 percent increase over the previous year. “When Saudi Arabia or the UAE perform well, we stand to benefit as well. I believe that we frequently regard the region as highly competitive. I like to think of it as highly collaborative, and I believe that everyone can benefit. “If the pie grows larger, so will each individual’s share,” she explained.
Al-Saeed attributed Bahrain’s FDI surge to the Economic Development Board’s successes. “If we are looking at the foreign direct investments’ statistics and results, we will see Bahrain actually attracted a much larger number than that, but this represents a record number for the EDB,” she informed us.
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