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FINANCIAL NEWS
Bahrain draws 40 foreign firms in 2012
10 Jan 2013
(MENAFN) Bahrain’s Economic Development Board’s (EDB) acting chief executive, Kamal Ahmed, stated that in 2012, the country attracted 40 international companies, reported Gulf Daily News.
Ahmed said that these businesses boosted employment in Bahrain and are forecasted to create about 900 jobs over a period of 3 years, covering different sectors.
He added that investments came from different regions, including North America, the Middle East and Asia.
Investments related to non-financial services accounted for over USD102 million of the total, mainly in the areas of professional services and information and communications technology.
He noted that EDB continued to support firms that had started projects in the country in 2011, including the inauguration of a project by German industrial firm RMA, and a business by Indian Polyester Company JBF, with both investing USD200 million in the Kingdom in 2011.
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