- Bahrain EDB has granted its inaugural golden licences to five projects, totaling over $1.4 billion in investment. These licenses were awarded to Citi, Eagle Hills Diyar, Infracorp, Saudi Telecom, and the Whampoa Group, as part of Bahrain's efforts to attract more investment and stimulate economic growth.
- Bahrain's greenfield projects and expansions will create over 1,400 jobs in the next three years, supporting the economic recovery plan launched in 2021. The issuance of the golden license is a crucial step toward achieving the plan's objectives of attracting $2.5 billion in foreign investment by 2023. Bahrain offers an attractive investment environment and advanced legislative system, making it a top global destination.
Why it matters
Bahrain's golden licence initiative, launched in April, aims to enhance competitiveness, support economic growth, and drive digital transformation. Eligible companies must create over 500 local jobs or invest $50 million, and receive benefits like priority access to land, infrastructure, and utilities.