Private Sector Sees Opportunity

Chamber official stresses need for stronger digital transformation and coordination

Bahrain’s private sector is entering a new phase of opportunity driven by adaptability, innovation and faster response to global economic changes, a senior business official said.

Khalid Abdulrahman Jumaa, deputy financial secretary at the Bahrain Chamber of Commerce and Industry, said the Kingdom’s advanced legislative and economic framework, combined with a clear development vision, has strengthened its position as a regional hub for trade and investment.

He said the rapidly shifting global economy requires continuous improvement in business tools, higher efficiency, and greater flexibility, stressing that competitiveness is no longer measured by market size alone.

“Economic competitiveness today is defined by the ability of institutions and sectors to adapt, innovate, and make the most of emerging opportunities,” he said.

Jumaa noted that improving the business environment now involves a comprehensive ecosystem that includes support for innovation, greater use of digital transformation and modern technologies, and stronger coordination between relevant stakeholders.

He said these efforts contribute to building a more efficient, attractive and sustainable business environment.

He also highlighted the role of the chamber’s board, chaired by Nabeel Khalid Kanoo, in strengthening direct engagement with private sector stakeholders, listening to business concerns, and translating challenges into practical initiatives in coordination with relevant authorities.

According to Jumaa, the board maintains a field-oriented approach, engaging directly with markets and sectors to better identify real needs and set priorities based on ground realities.

He said Bahrain’s private sector has repeatedly demonstrated its ability to adapt to change, supported by national expertise and successful economic experiences.