Tuesday, March 9, 2021

iGA Conducts 2017 Foreign Investment Surveys for the Kingdom

In an initiative to equip decision-makers in setting appropriate policies to attract more investments, Information & eGovernment Authority (iGA) is conducting the Foreign Investment Surveys for the Kingdom of Bahrain – in collaboration with Bahrain Economic Development Board (EDB); Central Bank of Bahrain; and Ministry of Industry, Commerce and Tourism – during 2017 with the purpose of measuring the volume of foreign investments through the utilization of samples from institutions and companies operating in Bahrain.

In regards to the survey, iGA Director General of Statistics Dr. Nabeel bin Shams stated that these surveys aim at building an integrated database of foreign investment statistics in the Kingdom to equip decision-makers with accurate, updated statistics in this field. Furthermore, to enable them to take necessary decisions in order to create the right climate to attract investments, provide global organizations (concerned with economy) with statistics that show Bahrain’s position within the international investments map, identify the role of foreign investment in the current and future development of the national economy, as well as distribute the investment in the Kingdom according to the economy sector then show the extent of its impact on the various sectors.

The survey aims at identifying the foreign investment sources in the country according to investment countries and their nationalities; it also aims at distinguishing the attracted investment sectors in the purpose of focusing on them or shifting to other development sectors which do not attract foreign investors. Moreover, studying the current situation of institutions hosted by Bahrain as well as their future predictions in terms of their economic performance and their contributions in the fields of employment, exports, imports together with international services and value of revenue along with volume of production.

The Information & eGovernment Authority invites all establishments of foreign investments which have been selected to collaborate with field researchers, assigned by the authority, to disclose required information. The success of this survey relies on collecting data and the provision of institutions’ vital indicators in an aim to provide the data for its users of decision-makers and support indicators with comprehensive statistics to achieve a continuous economy development. The authority commits to abide by complete confidentiality in handling the data for statistical purposes only – under Decree Law No. 7 of 1977.

These surveys adopted recommendations of international organizations and standards to measure the flow of investments by non-resident entities in Bahrain as well as investments by resident entities overseas for the financial years 2014 to 2016. Through the execution of these surveys, the authority seeks to define the concept of institutions for investment opportunities in Bahrain and evaluate the investment environment and climate, as well as determine the difficulties encountered by foreign investors prior to and during the course of their investment activities.

MOST READ

HM King receives Information Minister, praises book on Bahrain’s achievements

His Majesty King Hamad bin Isa Al Khalifa received Information Minister Ali bin Mohammed Al Romaihi who presented a book, “This is Bahrain”, a...

Details of new housing eServices announced on Bahrain.bh

Details of the new housing eServices on the National Portal bahrain.bh were announced by the Ministry of Housing and the Information & eGovernment Authority (iGA). Launched...

Housing Minister receives newly appointed officials

Minister of Housing Bassim bin Yacoob Al Hamer received Assistant Undersecretary for Housing Projects Rida Al Adraj, Director of Housing Projects’ Planning and Design...

LMRA committed to improving its services, says Minister

Labour and Social Development Minister, Jameel bin Mohammed Ali Humaidan, who is also the Board of Directors Chairman of the Labour Market Regulatory Authority...

KFH Bahrain receives STP Award from J.P. Morgan

Kuwait Finance House - Bahrain (KFH-Bahrain) was awarded the J.P. Morgan “Quality Recognition Award” and “Elite Quality Recognition Award” 2020, for the Bank’s exemplary...

Bahrain’s success stories with gifted students highlighted at international forum

The Ministry of Education has participated in the virtual celebrations of the Gulf Day for Giftedness and Creativity organized by the Arab Bureau of...

Labour Market Regulatory Authority (LMRA) receives BIPA shield

Bahrain Institute of Public Administration (BIPA) presented the Labour Market Regulatory Authority (LMRA) with a shield in recognition of its participation in the BIPA...

Al Salam Bank Receives J.P. Morgan Quality Recognition Award 2020

Al Salam Bank – Bahrain (Al Salam Bank) has received the J.P. Morgan 2020 STP Recognition Award in the ‘Elite Quality Recognition’ category, as...

Bahrain attends Arab Quartet Committee’s meeting

Assistant Foreign Minister Abdulla bin Faisal bin Jabur Al-Doseri, took part in the 15th meeting of the Arab Ministerial Quartet Committee on the follow-up on...

Bahrain’s efforts to empower women praised on International Women’s Day

Government Ministers and Chairpersons praise His Majesty King Hamad bin Isa Al Khalifa and Her Royal Highness Princess Sabeeka bint Ibrahim Al Khalifa, Wife...

Mosques to re-open for Fajr, Dhuhr, Asr prayers from Thursday

Mosques will re-open across Bahrain for the Fajr (Dawn), Dhuhr (Noon) and Asr (Afternoon) prayers starting Thursday. The decision is based on the opinions of...

Traffic awareness campaign launched

The General Directorate of Traffic has launched a campaign aimed at promoting road safety. The four-day campaign which kicked off March 7, 2021 is being...

Rashid Equestrian holds season’s 18th race

The Rashid Equestrian and Horse Racing Club held the 18th race for this season, at its racecourse in Raffa, Sakhir. Their highnesses shaikhs and representatives of...

Gulf Air to Trial IATA Travel Pass

The International Air Transport Association (IATA) is partnering with Gulf Air, the national carrier of the Kingdom of Bahrain, to trial IATA Travel Pass...