Tuesday, September 22, 2020

iGA Announces the Provisional Foreign Investment Survey Results for the Second Quarter of 2019

The Information & eGovernment Authority (iGA) released the initial Foreign Investment Survey results for the second quarter of 2019, conducted in collaboration with the Central Bank of Bahrain and the Economic Development Board. The survey measures the volume of foreign investments made by key entities in various economic sectors in order to provide updated statistical data of the volume and flows of these investments; in an initiative that aims to assist decision-makers set appropriate policies, which in turn will attract more investments to contribute in advancing the growth wheel across the Kingdom.

Initial statistics indicated total inflows of foreign direct investment (FDI) of BD99 million during the second quarter of 2019, increasing the total volume as at the end of the second quarter by 1% in comparison with the previous quarter; with the total value of FDI reaching BD10.9 billion as at the end of the second quarter. The growth reflects the Kingdom’s ongoing efforts in attracting more foreign investments and an increase in the capital flows.

The financial and insurance activities and information and communication were the top two industries in terms of the volume of the FDI flow to Bahrain during the second quarter. The flow of financial and insurance activities FDI increased in the second quarter by 1.2% from BD7,869 million, as at the end of the first quarter of 2019, to BD7,963 million. On the other hand, the flow of information and communication FDI increased by 1% from BD338.9 million to BD342 million, over the same period.

FDI flows from Kuwait came on top, in absolute terms, with an additional BD45.2 million flowing into the Kingdom during the second quarter, increasing Kuwait’s FDI inflows by 1.3%, from BD3,525 million, as at the end of the first quarter of 2019, to BD3,570 million as at the end of the second quarter. India came in second place with total inflows of BD21.8 million during the second quarter, increasing their total investment from BD411.3 to BD433.2 during the same period, followed by the Kingdom of Saudi Arabia in third position with inflows of approximately BD20.5 million during the second quarter, an increase of 0.8% from BD2,469 million to BD2,490 million.

Top Countries in terms of Stocks as of 2019 Quarter 2

The survey was conducted to determine the Kingdom’s foreign investment sources according to the country of residence of investors; as well as to determine the attractive sectors for investments in the Kingdom, which gives an indication of the sectors that require further development. The survey comprises active entities in all economic activities and considers the volume of capital, ownership and employment.

It is worth noting that the Foreign Investment Survey is considered one of the most important economic surveys conducted by the Authority on a regular basis in an aim to learn about the balances and flows of the foreign investments in the Kingdom of Bahrain. The survey is conducted by the Authority – represented by the Economic Statistical Directorate – in compliance with international standards and in line with the unified GCC work plan supervised by the GCC Stat Center to collect foreign investment statistics.

 

MOST READ

Kdan Mobile’s DottedSign Includes AATL Certificates to Ensure Users the Highest Level of Electronic Signature Process

Kdan Mobile Software Ltd., a global software as a service (SaaS) company, has announced that its e-signature service DottedSign now includes a digital identity...

BD 150,000 ‘Shop & Win’ anniversary bonanza

Lulu Hypermarket is celebrating its 13th anniversary of being a retail leader in the Kingdom of Bahrain with a grand ‘Shop and Win’ e-raffle...

Plans to improve electricity, water services discussed

Electricity and Water Affairs Minister, Wael bin Nasser Al-Mubarak, received here today the representative of the third constituency of the Northern Governorate at the...

Bahrain marks World Patient Safety Day

Bahrain joins the world in marking the World Patient Safety Day observed on September 17. This year's theme is “Health Worker Safety: A Priority...

The Avenues-Bahrain 3rd Year Anniversary Celebration

The Avenues-Bahrain is celebrating its 3rd year anniversary since opening its doors to the public on the 29th of October 2017. The Avenues –...

Bahrain exports BD190 Million Worth of Products of National Origins during August 2020

The Information &eGovernment Authority (iGA) issued its foreign trade report of August 2020, encompassing data on the balance of trade, imports, exports (national origin),...

The American University of Bahrain (AUBH) welcomes class of 2024

The American University of Bahrain (AUBH), re-opened its campus in Riffa, following an orientation session for the incoming Class of 2024 students. AUBH Founding...

GLOMAT – The First Thai-Bahrain Hybrid Virtual Business Meeting

The Royal Thai Embassy, in cooperation with the Office of SMEs Promotion (OSMEP) Thailand, Institution of Small and Medium Enterprises Development of Thailand and...

SCE launches training course for radiological and nuclear emergencies

The Supreme Council for Environment (SCE)’s CEO Dr. Mohammed Mubarak bin Dainah, launched the national training course on responding to radiological and nuclear emergencies. The...

Loan payment deference to help citizens, SMEs

The banks’ response to defer loan payments until the end of the year is a continuation of the initiatives in the financial and economic...

Towards Creating Career Opportunities: Interview with Pakiza Abdulrahman

Bahrain Economic Development Board is an investment promotion agency chaired by His Royal Highness Prince Salman bin Hamad Al Khalifa, the Crown Prince, Deputy Supreme...

HH Shaikh Nasser bin Hamad receives INJAZ Bahrain Board Chairperson

Representative of His Majesty the King for Humanitarian Work and Youth Affairs His Highness Shaikh Nasser bin Hamad Al Khalifa received Board Chairperson of...

KHK MMA dominates at BRAVE CF 41 with four huge victories

BRAVE Combat Federation hosted the first of three groundbreaking events last Thursday in the Kingdom of Bahrain, with seven bouts taking place behind closed...

The aftermath of a historic night for BRAVE CF and Arab MMA

BRAVE Combat Federation’s vision of globalizing the sport started within the Arab world, which was often overseen by many other organizations, and to provide...

Interior Minister: valid PCR certificates for entry to Bahrain via causeway

The Interior Minister General Shaikh Rashid bin Abdullah Al Khalifa said that Polymerase chain reaction (PCR) certificates accredited by the Saudi Health Ministry within 72...