Economic Development Board appoints new CEO

His Royal Highness Prince Salman bin Hamad Al-Khalifa, Deputy King, Crown Prince, Deputy Supreme Commander, First Deputy Prime Minister and Chairman of the Economic Development Board, has appointed Khalid Omar Al-Rumaihi as the new Chief Executive Officer of the Economic Development Board (EDB), effective from 1 March 2015. 

In a statement issued by the EDB today it was highlighted that in accordance with the Deputy King’s edict, Khaled Amro Al-Rumaihi will undertake leadership of the EDB’s management and the targets set by its Board of Directors. Al-Rumaihi will also lead the EDB’s efforts to attract inward investment into Bahrain, with a focus on targeting economic sectors in which the Kingdom offers significant strengths.  

Al Rumaihi has previously served as Executive Director of investment institutions at Investcorp Bank BSC, as well as spending eight years at JP Morgan Chase. He has also served as Chairman of Bahrain Airport Co., and has sat on the Board of Directors at the EDB and the National Bank of Bahrain. He holds a master’s degree in Public Administration (specialising in Economic Development) from Harvard University, and a bachelor’s degree in International Economics from Georgetown University. 

HRH Deputy King has issued two edicts as follows: 

Edict no.1 of 2015 appoints the Minister of Transportation and Telecommunications, Kamal bin Ahmed Mohammed, as a member of the EDB’s Board of Directors until the next appointment of Board members.

Edict no.2 of 2015 appoints Khaled Omar Al Rumaihi as the Chief Executive Officer of the Economic Development Board, effective from 1 March 2015.