Bahrain: Govt unveils new growth blueprint
Source: Middle East Insurance Review | Nov 2019
Bahrain has unveiled a new economic blueprint covering a wide range of development projects and innovative programmes designed to accelerate the pace of growth. The plan features infrastructure projects, social schemes, a new liquidity fund, a genome initiative, modernisation of the airport, and new public housing among other projects.
Bahrain’s Crown Prince and First Deputy Prime Minister Salman bin Hamad Al Khalifa announced these measures as he presented plans for the future, said Bahrain News Agency.
He stressed the importance of advancing government service delivery by enhancing competition and embracing innovation to accelerate development.
He directed the Ministry of Finance and National Economy to coordinate with the Ministry of Industry, Commerce & Tourism, Bahrain Chamber of Commerce, the Labour Fund ‘Tamkeen’, and national banks to create a BHD100m ($266m) liquidity fund to restructure corporate financial commitments and support the growth of innovative activity across key sectors.
He also announced the launch of the National Genome Project that aims to introduce a genetic testing unit to collect 50,000 samples in the next five years to establish a database that together with the use of data science and technology will improve the quality of health services. M
BHD1 = $2.66