Bahrain Chamber of Commerce and Industry (BCCI) hailed the government’s commitment to continue investing in the infrastructure and services field while having the private sector as a strategic partner in this regard.
The scheme was unveiled by His Royal Highness Prime Minister Prince Khalifa bin Salman Al Khalifa and His Royal Highness Prince Salman bin Hamad Al Khalifa, Crown Prince and Economic Development Board (EDB) Chairman.
The Chamber also lauded directives to orientate the government’s spending to the local economy in order to provide stable and continuous liquidity and manage its flow for the sake of investment and development projects.
It also commended both leaders’ instructions to continue mapping out future investment schemes aimed at boosting mainly the housing and infrastructure sectors and serving the national economy.
“These directives will greatly contribute to alleviating the repercussions of the incidents undergone by Bahrain at the outset of last year and which left their brunt on the private sector, mainly small and medium companies,” BCCI Chairman Dr. Essam Abdullah Fakhro said hailing the efforts of HRH the Premier and HRH the Crown Prince to support the private sector and help it overcome the pitfalls of the unfortunate incidents.
He also underlined the pivotal role played by the private sector in carrying out various infrastructure projects pointing out the dividends this sector will reap from the government’s revitalization of the national economy.
“Available economic indices stress that the Bahraini economy is rebounding. Yet, the growth rates need some time to go back to normal,” Dr. Fakhro affirmed urging to spur more local and foreign investments by restoring confidence in Bahrain as a perfect investment destination.