During a lecture held yesterday at University of Bahrain entitled (Role of the Economic Development Board (EDB) in attracting investments), EDB Media and Communication Director Isa Jafar Mubarak said Bahrain is among the most Gulf countries attracting to international investment, attributing that to the strategic location, suitable environment for investors’ families and the availability of trained and qualified university graduates workforce.

Mubarak said Bahrain would have a promising economic future, especially it is a key gateway to investment in the Gulf countries.

He explained that foreign investors would benefit from many advantages when launching their investments in the Kingdom of Bahrain, including the geographical location, which assists investors in expanding their investments in other Gulf countries; low cost of investment in Bahrain compared to neighboring countries; in addition to the availability of adequate living facilities for investors' families.

He added the EDB’s policy aims to attract investors together with their families, for families moving to stay in Bahrain means pumping money into the local market, leading to its retrieval, pointing out the nonexistence of taxes imposed on investors is one of the main reasons that attracts many foreign investors, especially taxes in some countries could go up to 40% of their profits.

He noted attracting investments leads to providing work opportunities for graduates and jobless workers, pointing out that 85% of the unemployed are trained and qualified to work university graduates.

Source: BNA