Bahrain has been honored at the eighth annual “Global Best to Invest Awards”, which has recognized the Kingdom as the top country to invest in per capita in the Middle East & Africa.
The Kingdom of Bahrain ranked 1st among four GCC countries, with the UAE ranked 2nd, Saudi Arabia ranked 4th and Oman 5th. The annual “Global Best to Invest Awards” ranks the best countries for business based on capital investment, corporate expansion, and FDI. In addition to that, the index utilizes data from the following sources: the World Bank Doing Business Report, the World Economic Forum Global Competitiveness Report, the United Nations Human Development Index, and GDP growth.
Mr. Khalid Al Rumaihi, Chief Executive of the EDB, commented on the announcement:
“The Economic Development Board is pleased that Bahrain has been recognized by this prestigious award. It reflects the hard work and dedication of our team and the support we have been given throughout the year by our colleagues at other government entities. I would like to take this opportunity to thank them for their efforts.
“This has been a very successful year in spite of the challenging global economic conditions but Bahrain’s strong fundamentals are driving positive economic growth and allowing us to create a supportive business environment for investors. I hope we can continue to build on the foundations we have established so that next year is as successful as the last.”
Bahrain has the freest economy in the Middle East and North Africa according to the Heritage Foundation’s 2016 Index of Economic Freedom. In addition, the Kingdom’s low operating costs, mature regulatory environment and skilled local workforce, make it an attractive destination for international investors.
The Annual “Global Best to Invest” Award were launched in 2008 by Site Selection Magazine, published by Conway Inc.
Conway, headquartered in the United States, publisher of the Conway Analytics Report and a family of online industry newsletters, has been a trusted advisor to corporations, government economic development and investment promotion agencies around the world since 1954. Conway employs over 80 people in 10 offices in seven countries.