Bahrain FDI increases 1% to $262.6m in Q2 2019
Kuwait contributed the most in terms of foreign direct investments into Bahrain, followed by India and the Kingdom of Saudi Arabia
Bahrain’s Information and eGovernment Authority (iGA), in collaboration with the Central Bank of Bahrain and the kingdom’s Economic Development Board, has released initial statistics from a survey showing total inflows of foreign direct investment (FDI) increasing 1% to $262.6m (BD99m) in Q2 2019, compared to the previous quarter.
According to the Bahrain News Agency, the flow of financial and insurance activities-based FDI increased by 1.2% from $20bn (BD7.87bn) in Q1 2019 to $21.1bn (BD7.96bn) in Q2 2019.
Meanwhile, the flow of information and communication-based FDI increased by 1% from $898.8m (BD338.9m) in Q1 2019 to $907m (BD342m) in Q2 2019.
Kuwait contributed the most in terms of foreign direct investments into Bahrain accounting for $119.8m (BD45.2m) worth of inflows in Q2 2019, which is a 1.3% rise compared to the previous quarter. India came in second with FDI inflows into Bahrain rising to $57.8m (BD21.8m), followed by Saudi Arabia with inflows of approximately $54.3m (BD20.5m) in Q2 2019.
The survey was conducted to determine the kingdom’s foreign investment sources according to the country of residence of investors; as well as to determine the attractive sectors for investments in the Kingdom, which gives an indication of the sectors that require further development.