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Bahrain Tech Week to showcase new opportunities for growth

Week-long event series will explore the impact of emerging technologies on the future of the GCC

Bahrain’s Cloud First policy estimated to have saved 90% in government ICT infrastructure expenditure since last year’s event

 

Manama, Bahrain, 09 September 2018: The Bahrain Economic Development Board (EDB) today announced that the Kingdom will host Bahrain Tech Week from 28 September to 7 October 2018, bringing together technology experts from government, major private-sector entities and startups to explore how digital innovations can revolutionise industries across the GCC.

Delivered in strategic partnership with Tamkeen, Bahrain Tech Week presents a uniquely diverse programme of events, with more than ten summits, forums and workshops exploring tech-driven disruption across different industries and sectors. Last year’s Tech Week attracted over 4,500 attendees across multiple events.

The AWS Summit, part of Amazon Web Service’s global events series, and the MIT Innovation Forum will form the cornerstones of Bahrain Tech Week, alongside events hosted by global telecommunications leaders, Huawei, as well as regional tech-startups, accelerators, and government entities.

H.E. Khalid Al Rumaihi, Chief Executive of the Bahrain EDB, commented: “As disruptive technologies transform industries around the world, investment in innovation is a key enabler and driver of economic growth. Having developed the GCC’s most advanced and liberalised ICT infrastructure, Bahrain has an important role to play in pioneering new frameworks that will allow further innovation and continue to attract world-class technology companies like AWS to Bahrain and the region.”

The AWS Summit builds on the success of last year’s event, which attracted more than 1,800 participants. Announcements were made on the region’s first Cloud First policy as well as plans to launch the MENA region’s first AWS Region (data centre) in Bahrain. Cloud-driven technology is already innovating government processes in Bahrain, with the Information & eGovernment Authority (iGA) estimating that up to 60-90% has been saved since last year’s announcement across government ICT infrastructure spending through migration onto cloud servers.

The role of training and education in enabling digital innovation will also form an important theme of the week, with AWS estimating that 10,000 data solution architects will be needed across the region in the next five years.

H.E. Dr Ebrahim Mohammed Janahi, Chief Executive, Tamkeen, commented: “Bahrain Tech Week is an important opportunity to explore how technological innovations are being harnessed to maximise growth potential of the national economy, from both an economic and human capital perspective. As the pace of disruption increases exponentially, it is crucial to ensure that our talented young people are developing the right skills and resources to drive innovation in the digital economy. Bringing together international and regional partners to explore the impact of emerging digital trends is crucial to the continued development of a world-class and future-ready workforce in Bahrain.”

Bahrain has seen a significant shift in the prominence of tech-driven industries over the past year, with the growth of the FinTech ecosystem, the establishment of a $100m Fund of Funds to help fund start-ups across the Middle East; and a growing number of companies using the Central Bank of Bahrain’s regulatory sandbox to test new products and services. These advances were reflected in the recent Global Startup Ecosystem Report, by the Global Entrepreneurship Network and Startup Genome, which featured Bahrain as the only Arab country in their global ‘ecosystems to watch’ for both FinTech and gaming.

To participate in Bahrain Tech Week, visit: http://bahrainedb.com/events/bahrain-tech-week-2018

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Notes to editors

Further information:

May Taher

internationalmedia@bahrainedb.com

+973 17589972

About the Bahrain Economic Development Board (EDB)

The Bahrain Economic Development Board (EDB) is an investment promotion agency with overall responsibility for attracting investment into the Kingdom and supporting initiatives that enhance the investment climate.

The EDB works with the government and both current and prospective investors to ensure that Bahrain’s investment climate is attractive, to communicate the key strengths, and to identify where opportunities exist for further economic growth through investment.

The EDB focuses on several economic sectors that capitalise on Bahrain’s competitive advantages. These sectors include financial services, manufacturing, ICT, tourism, logistics and transport.   For more information on the Bahrain EDB visit www.bahrainedb.com; for information about Bahrain visit www.bahrain.com.

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