Abdullah Al Alami*
Saturday,
March 16, 2024
I present the most
important recent developments in the Kingdom of Bahrain in the fields of
economy and tourism.
First, the state
succeeded in encouraging local and international companies to generate
investments worth $2.4 billion into the national economy.
Second, since the
announcement of granting the golden license to strategic projects operating in
the Kingdom in April 2023, the number of companies benefiting from this feature
has reached 9 major projects that contribute to the creation of 3,000 job
opportunities.
Among other factors that
helped achieve good results, Bahrain’s gross domestic product grew from $9.6
billion to $44.4 billion between 2002 and 2022.
Bahrain continues to diversify
its non-oil economy, such as opening a large solar energy plant and developing
financial services which contribute 18.1 percent to the real GDP.
As for tourism, there were
concerns due to the lack of new tourist packages, low hotel occupancy rates, and the
fate of the medical tourism plan. However, Bahrain is marketing initiatives to
attract Gulf and foreign visitors. There is no doubt that tour packages will
have a significant impact on stimulating the economy and supporting the initiatives
that attract tourists from all over the world.
Furthermore, Manama is developing
and adopting new marketing strategies, facilitating the issuance of visas, and
activating sustainability practices and financial mechanisms to enhance tourism
growth regionally and internationally. There is no doubt that this trend will help
create more job opportunities, support innovation, and provide specialized
expertise in the tourism sector. Among the upcoming programs, is the development
of the master plan for the Al Areen project and Sitra Market. The plan is to
attract 40,000 tourists to Bahrain from around the world during the period from
November 2024 to April 2025.
* Saudi writer and president of the Arab Society for Human Resource
Management
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