Bahrain's economy grew by 2.73 percent in the first quarter of this year, according to the World Investment Report issued by the United Nations Conference on Trade and Development (UNCTAD), which also revealed the rise of foreign direct investment in Bahrain to reach 1.5 billion dollars in 2018, showing that Saudi Arabia is in the forefront of the countries that pumped investments in the Kingdom of more than 745 million dollars.
The government of Bahrain announced that the economy grew 2.73% year-on-year in the first quarter of this year, supported by expansion in the non-oil sector.
The annual GDP growth in the first quarter came amid an increase in spending on infrastructure projects thanks to the Gulf financial support package, the government said.
According to the World Investment Report, Bahrain's foreign direct investment rose to $1.5 billion in 2018, explaining that the growth rate of investment flows in Bahrain was 6 percent. The report attributed the increased interest of global investors in the potential of the manufacturing sector in Bahrain as one of the sectors with a high contribution to the economy.
Source: (Asharq Al-Awsat newspaper, Edited)
