CROWN PRINCE’S PARTICIPATION IN WEF
THE PARTICIPATION OF CROWN PRINCE AND CHAIRMAN OF THE ECONOMIC DEVELOPMENT BOARD (EDB) SHAIKH SALMAN BIN HAMAD AL KHALIFA IN THE WORLD ECONOMIC FORUM IN JORDAN DAVOS OF THE DEAD SEA ON MAY 15 COMES IN LINE WITH SHAIKH SALMAN’S KEENNESS TO PROMOTE THE ADVANCED ECONOMIC POSITION OF THE KINGDOM, THE ECONOMIC LIBERTIES AND DEPLOYMENT OF STATE OF THE ART ECONOMIC AND FINANCIAL TECHNIQUES THAT HAVE BEEN EYED BY THE ENTIRE WORLD.
BAHRAIN HAS NOW BECOME AN IMPORTANT FINANCIAL HUB IN THE REGION AND BOASTS OF AN ECONOMY GROWING IN ACCORDANCE TO WELL-STUDIED STRATEGIES. WEF, THUS IS A SUITABLE OCCASION FOR THE PROMOTION OF THE NATIONAL ACHIEVEMENTS AND ATTRACTION OF INVESTMENTS AND MAJOR COMPANIES TO SUPPORT THE NATIONAL ECONOMY.
THE CROWN PRINCE IS MAKING TREMENDOUS EFFORTS THROUGH THE EDB HE CHAIRS TO SHIFT NATIONAL ECONOMY FROM RELIANCE ON OIL AND TRANSFORM IT INTO A DIVERSIFIED ECONOMY IN LINE WITH VISION 2030 OF HM KING HAMAD BIN ISA AL KHALIFA. THERE IS NO DOUBT THAT THE REGULATIONS FOSTERED BY THE EDB AND THE WISE GOVERNMENT INCLUDING EFFORTS TO ENHANCE THE COMPETITIVENESS OF NATIONAL COMPANIES, ATTRACT FOREIGN CAPITAL AND MAJOR FIRMS AS WELL AS THE CONTINUOUS MODERNIZATION OF INTERNAL REGULATIONS AND THE CREATION OF AN EFFECTIVE INFRASTRUCTURE ARE PART OF THE EDB ENDEAVORS TO SOLIDIFY AND DIVERSIFY THE SOURCE OF THE NATIONAL ECONOMY.
IN ADDITION TO THAT, BAHRAIN HAS PLENTY OF CARED FOR HIGHLY-SKILLED NATIONAL CADRES WHO ENJOY ALL SUPPORT AND TRAINING IN LINE WITH THE KINGDOM’S CONSIDERATION OF HUMANS AS THE TARGET OF DEVELOPMENT, THE REAL WEALTH AND THE DYNAMO OF PROGRESS. BAHRAIN AND WEF ARE BOUND BY STRONG RELATIONS SINCE THE LATTER’S ESTABLISHMENT WHICH HAVE BEEN REFLECTED IN THE MEETINGS HELD BY BAHRAINI OFFICIALS AND WEF FOUNDER AND CHIEF EXECUTIVE PROF.KLAUS SCHWAB WHO PAID A VISIT TO BAHRAIN IN 2007.
CONSEQUENTLY, THIS CLOSE COORDINATION LED TO THE ESTABLISHMENT OF BAHRAIN NATIONAL COMPETITIVENESS COUNCIL IN 2005, FOLLOWED BY WEF’S ANNUAL REPORT 2007-2008 DECISION TO CLASSIFY BAHRAIN IN THE 43RD PLACE IN TERMS OF GLOBAL COMPETITIVENESS. IT ALSO HAILED BAHRAIN IN A STUDY TITLED SCENARIOS UNTIL 2025 AS A REAL CENTER FOR CREATIVITY IN THE ARAB WORLD AND A COUNTRY ENJOYING THE MOST DIVERSIFIED ECONOMY IN THE GULF REGION.
FURTHERMORE, THE FORUM REPRESENTS AN APPROPRIATE OCCASION TO FAMILIARIZE THE CONFEREES WITH THE ROYAL REFORMS OF HM THE KING AND THE RESULTING POLITICAL PARTICIPATION AND DEMOCRATIC PRACTICES IN ADDITION TO THE ACHIEVED ECONOMIC AND CONSTRUCTION BOOM THAT ENTITLED BAHRAIN TO BE AN EXEMPLARY MODEL WORTH EMULATING BY OTHER STATES. IN ADDITION, THE CROWN PRINCE WILL ENGAGE INTO ECONOMIC AND POLITICAL DISCUSSIONS WITH ARAB AND WORLD LEADERS TO REFLECT BAHRAIN’S POSITION AND ITS EFFECTIVE ROLE IN REGIONAL CAUSES.
