Bahrain's private sector has dedicated its support to economic growth over the past period as part of the government's strategy to make non-oil businesses reinforce the path of ongoing reforms in one of the Middle East's weakest economies.
Recent statistics from the Ministry of Finance showed GDP growth of 2 percent during the first quarter of this year, driven by the growth of the non-oil sector by 3.5 percent.
Bahrain is undergoing a major modernization and reform process aimed at diversifying its revenues, benefiting from significant Gulf economic momentum on the back of high oil prices and plans to diversify sources of income.
Source (Al-Arab Newspaper of London, Edited)
