selected business news
"Bahrain plans economic success strategy"
Posted July 30, 2010 by Lindsay Roberts
In an interview with Sheikh Mohammed bin Essa Al Khalifa, head of Bahrain’s Economic Development Board (EDB), he unveiled a strategy to boost economic growth in the country with details to be announced following parliamentary elections. Plans for economic development will be linked to a new governmental budget. The EDB has already implemented initiatives aimed to develop the economy, including the creation of Economic Vision 2030 which looks to improve and develop services for Bahrainis, increase family incomes and provide jobs by understanding the qualifications of individuals. The interview also highlighted that Gulf Air will be privatized to eliminate debt and increase profits, as well as clarified that EDB and the McKenzie Company did not play a part in Alba and Bapco layoffs.
