MANAMA: The Kingdom of Bahrain not only sustains the inward flow of the foreign direct investments (FDIs) for the 3rd consecutive year and also emerged as net investor in 2014, according to the UNCTAD’s WIR 2014.
Astrit Sulstarova, Chief, Trade and Data Section Investment Trends and Issues Branch, Division on Investment and Enterprise was in Bahrain to launch the WIR 2014 told the audience that though there was no comparison between the 2005-06 figures yet Bahrain has been sustaining the inward flow of FDIs for the past three years.
He applauded the strong fundamentals of the national economy and said that the outflow of the FDIs was also an encouraging sign as Bahrain emerged as an investor as well.
Chief Economist at the Economic Development Board (EDB) Dr Jarmo Kotilaine said that Bahrain enjoys strong economic fundamentals which keeping the wheel of the economy moving.
“Bahrain unlike some peers enjoys tremendous freedom encouraging the inward flow of the FDIs. The openness of the economy reflects positively in all segments of the economic well being of the nation,” Dr Jarmo, added.
According to the statistics of the World Investment Report 2014, the Kingdom of Bahrain’s inward FDIs flow was $989 million and outward flow of $1052 million in 2013.