HRH Crown Prince returns

His Royal Highness Prince Salman bin Hamad Al Khalifa, the Crown Prince and Chairman of the Economic Development Board, returned to Bahrain today after taking part in the 40th session of the World Economic Forum in Davos, Switzerland.

Participating in a session on re-considering capitalism, HRH the Crown Prince said the future policy of capitalism should lie on the concept that societies, governments and the business sector have all joint goals and gains and that coordinated efforts between the three parties is the optimum way to achieving economic development in general.Capitalism is the best choice that should be made successful by focusing at this stage on social responsibility and interest through upgrading education and boosting cooperation between the public and private sectors in order the invest in the infrastructure, promote new ventures and ensure transparency of regulatory mechanisms, he said.

Bahrain has been working on achieving this goal through the Economic Vision 2030 initiated by His Majesty King Hamad bin Isa Al Khalifa in 2008, he added.HRH Prince Salman met on the sidelines of the forum with political and economic figures and discussed with them bilateral relations, the global economic situation and regional issues of common concern.