HRH Premier and HRH Crown Prince Hail the Role of Public Companies

His Royal Highness Premier Prince Khalifa bin Salman Al Khalifa today received at his court His Royal Highness Prince Salman bin Hamad Al Khalifa, the Crown Prince, Deputy Supreme Commander and the Economic Development Board (EDB) Chairman.

During the meeting, HRH Premier and HRH Crown Prince pointed out to the importance of public companies in boosting the national economy, which makes it necessary to support them for the national interests.They also noted that consolidating these companies’ productivity and competitive potentials would be beneficial for the national economy, as they are the real engine of the kingdom’s economic development in line with the Bahrain Economic Vision, 2030.

They also reviewed the condition of the state-owned companies and the challenges they are facing as a result of the world’s economic developments and the Global Financial Crisis.They also praised the strategic development restructuring and rehabilitation plans and their role in expanding the economic activities and safeguarding these companies in the midst of the financial crisis.

They also asserted that the kingdom’s developed economic visions, the positive legislative system and the attractive investment factors have contributed effectively to increase the economic growth rates in the kingdom.