FINANCIAL NEWS

Bahrain’s investment up by 25.6%

17 Jun 2011

(MENAFN) Bahrain’s Industry and Commerce Ministry said that over this year’s first three months, volume of investment in the country rose by 25.6 percent compared with the same period in 2010, reported Gulf Daily News.

The ministry added that due to the political upheaval in the country, volume of transactions declined in the months of February and March; nevertheless, the figures indicated that the Kingdom maintained its position as a regional and international investment destination.

It also said that although investments worldwide were affected by the global financial crisis, the increase in commercial registrations mirrored a slow steady improvement in the domestic, regional and global outlook.

It is worth noting that in 2010, 1,459 new companies and 1,052 new branches were registered with the Bahrain Investment Centre, 344 companies were registered with foreign capital, pumping USD97 million into the national economy as Foreign Direct Investment (FDI), whereas foreign investors established 538 joint ventures, contributing with USD55 million in the economy.

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