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 FDI increases 1% to $262.6m in Q2 2019. [representational image]
Arabian Business
Bahrain FDI increases 1% to $262.6m in Q2 2019. [representational image]

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.

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