Non-oil sectors to boost national economy

Manama

Senior banking expert, and President and Chief Executive of Al Baraka Banking Group said he expects the Bahraini economy to grow by at least 4 per cent due to the growth of a number of non-oil sectors.

He highlighted the pivotal role played by strategic and vital projects in the Kingdom’s economic growth.

They include infrastructure, energy and basic services projects implemented this year, and funded by the $ 10 billion and the $ 22bn government’s spending programme for the next five years.

The banking expert expressed continuous confidence in the solid fundamentals and pillars on which the Bahraini economy is based.

Such pillars have entitled the national economy flexible and capable of withstanding the fluctuations in oil markets.

"Bahrain is home to an elite group of national experts who have proven outstanding efficiency through experiences and achievements, as proved in the positions they are currently holding at Arab and international levels," he said.