The EDB CEO said the Kingdom’s economy to grow by 5% in 2012, noting that the pace of growth would be rapid next year.
Shaikh Mohammed bin Isa said that Bahrain Development Bank invested total of BD 215.4 million on medium and small projects, stressing that the bank adopted new economic concepts in order to keep abreast of the modern economic openness, which, he asserted has enabled it to face all the accelerating challenges.
He also pointed out that BDB has contributed a lot to the Kingdom’s economic development, explaining that it has created 20,000 job opportunities, earned BD 70 million of hard currency through its funded projects and helped increase Bahrain’s exports.
Shaikh Mohammed bin Isa also indicated that BDB’s 2012 comprehensive strategy aimed at creating a secure investment atmosphere that can enable business entrepreneurs to make optimum benefits.
He also said that the bank has allocated equal support to empower Bahraini women, adding that it has funded women projects with BD 16 million.
Shaikh Mohammed also indicated that the bank has set up an independent unit charged with women projects and established, in cooperation with the Supreme Council for women (SCW) a centre for developing Bahraini women capabilities.