Non-oil sectors to boost national economy in Bahrain

Senior banking expert, and President and Chief Executive of Al Baraka Banking Group expected the Bahraini economy to grow by at least 4% thanks to the growth of a number of non-oil sector.

He highlighted the pivotal role played by strategic and vital projects in the kingdom’s economic growth. They include infrastructure, energy and basic services projects implemented during this year, and funded by the $ 10 billion and the $ 22 billion government’s spending programme for the next five years.

In an exclusive interview with the Bahrain News Agency (BNA), the banking expert expressed continuous confidence in the solid fundamentals and pillars on which the Bahraini economy is based. Such pillars have entitled the national economy flexible and capable of coping with and withstanding the fluctuations in oil markets.

"Bahrain is home to an elite of national experts who have proven outstanding efficiency through experience and achievement as proved in the positions that are currently holding at Arab and international levels," he said.