The ministry of interior has played its role in the process by training, acquiring the human resources capabilities and in its dedication to deploy the latest technology to improve the performance. Real gdp growth projections have been revised down to 1. The economic development board of bahrain is the first point of call for entities wanting to establish their business in bahrainlet us help you find the perfect opportunity. The economy will likely contract in the first half of this year, as measures introduced in late march to contain the spread of coronavirus, including travel restrictions, the closure of shops and restaurants, and the banning of large public gatherings, have hampered activity. When making the announcement, prince mohammad bin salman touted the strategy as a way to end saudi arabias dangerous addiction to oil. Qatar national vision 2030 government communications office. Entrepreneurship moves bahrains economy towards vision 2030. Economic growth is expected to moderate over the forecast period.
All suggestions for corrections of any errors about bahrain economy 2020 should be addressed to the cia or the source cited on each page. Our real gross domestic product gdp has grown more than 6 percent per annum in the past five years. Find out the latest in bahrains investment and business news. Vision 2030 is a bold yet achievable blueprint for an ambitious nation. Invest in bahrains economy the economic development board. The researcher applied the analytical descriptive approach and designed a questionnaire as a main resource to collect. Vision 2030 and saudi arabias social contract chatham house. However, project spending is foreseen to increase thanks to multilateral and. It aims to preserve and enhance abu dhabis natural heritage in the efficient use of resources and contributing to a. This page has economic forecasts for bahrain including a longterm outlook for the next decades, plus mediumterm expectations for the next four quarters and shortterm market predictions for the next release affecting the bahrain economy. It provides guidelines for bahrain to become a global contender that can offer our citizens even better living standards as a result of increased employment and higher wages in a safe and secure living environment. Dubai energy strategy 2030, omans energy master plan, the national transformation program in saudi arabia and vision 2030, among others, give the impression of significant and undeniable reforms. Following the launch, the economic development board edb initiated an ongoing programme of economic and institutional reform, as part of the economic vision 2030.
The 2030 economic vision, launched by his majesty king hamad bin isa al khalifa in october 2008 embodies a comprehensive vision for the kingdom of bahrain that aims at creating a clear approach to develop the kingdoms economy while focusing on the main objective, which aspires to improve the living standards of all bahraini citizens the vision was launched after four years of elaborate. Saudi vision 2030 key goals and objectives of vision 2030 key initiatives to achieve vision 2030 national transformation program 2020 to increase the public investment funds assets from usd159. Bahrain economic outlook 2015 2016f 2017f 2018f real gdp growth, % 2. To increase the share of nonoil based exports from 16% in 2016 to 50% by 2030.
Bahrain economic vision 2030 the economic vision 2030 pdf, 279kb, 26 pages which was launched in october 2008 by his majesty king hamad bin isa al khalifa, is a comprehensive economic vision for bahrain, providing a clear direction for the continued development of the kingdoms economy and, at its heart, is a shared goal of building a better life for every bahraini. This document presents the comprehensive economic vision 2030 for bahrain, outlining the future path for the development of our economy. Saudi arabia is the largest spender on ict in the middle east,with spending in. The 2030 economic vision focuses on crystallizing an integrated socioeconomic government vision and focuses on three basic principles which are competitiveness, integrity and sustainability. The economic vision 2030 serves to fulfil this role. Over the next ten years, the size of bahrains workforce is expected to double. Bahrain hosts the 10th international entrepreneurship forum 2011 tamkeen. After the launch of the vision, the kingdom of bahrain began an institutional economic reform program that is in line with the objective of the 2030 economic vision. Home to an estimated 15% of the worlds proven oil reserves and the singlelargest economy in mena, saudi arabia is a key regional and global player. Vision 2030 is a package of ambitious economic reforms that notably includes the sale of 5% of the stateowned saudi arabian oil company, known as aramco, to the private sector. But there are some genuinely new policies for saudi arabia. It guides our aspirations towards a new phase of development to create a vibrant society in which all citizens can fulfill their dreams, hopes and. Future outlook ict can be a key enabler of thenational programsoutlined in vision 2030. The vision of his majesty king hamad bin isa al khalifa to explore the future horizon have made the modernization and development process a reality.
Oman has a vision 2020, and is working on its vision 2040. A masterplan for a new bahrain, built on radical economic and social reform, has been unveiled. Bahrain economy gdp, inflation, cpi and interest rate. Vision 2030 is a plan to expand, enhance, and diversify income in the gcc through nonoil industries. According to the bahrain economic vision 2030, the country is facing a shortage of both quality employment and appropriate skills. A vision of human development and economic prosperity implies that citizens are free to voice their opinions and practice their beliefs without fear, the rule of law applies equally to all, and the basic necessities for a decent life are affordable even for. In 2007, following an 18month process of research, analysis, consultation, and design, som submitted the bahrain 2030 national planning development strategy. Qatars national vision aims that by 2030 qatar becomes an advanced society capable of sustaining its development and providing a high standard of living for its people. Bahrain economy, politics and gdp growth summary the. Entrepreneurship moves bahrains economy towards vision. Bahrains economy has prospered over the past decades. The plan is the first project to inventory and propose virtually every aspect of a new national. If you dont have an ekey account, please register for one. The vision 2030 blueprint sets out regulatory, budget and social reforms that will be implemented over the coming decade as the nation sets about curbing its reliance on crude oil production and export, which accounted for 43.
It exemplifies a forwardlooking process designed to address the role sustainable land use development can play in guaranteeing stable, predictable, and longterm economic growth. Vision 2030 will turn bahrain into a meritocracy, with hugely improved standards of living, higher. The economic vision 2030 for bahrain outlines the future path for the development of the kingdom in all aspects. The economic vision 2030 focuses on shaping the vision of the government, society and the economy, based around three guiding principles.
The evolution of bahrains telecommunications industry is tackled in this case study across four key sections. The vision is line with citizens aspirations and it contributes to the achievement of each of these strategic pillars. Key goals include reinforcing economic and investment activities, increasing nonoil international trade, and promoting a softer and more. Qatars national vision defines the longterm goals for the country and provides a framework in which national strategies and. The research aimed to explore the implementation of government work program towards bahrain economic vision 2030 with respect to strategic and project management, which are implemented in the ministries and government organizations involved in bahrain government program. The plan is the first project to inventory and propose virtually every aspect of a new national infrastructure. Bahrain launched its economic vision 2030 last year with a goal to double real income for bahraini households. Bahrain, the kingdom of saudi arabia, and the united arab emirates are currently developing and implementing plans to propel the countries and the entire region forward. Bahrain overhauls its 2030 economic blueprint the national. The australia 2030 report presents four plausible and divergent scenarios, each based on different combinations of social, economic, environmental and technological drivers.
However, with opecs decision to raise oil prices, there is the risk of systematic industry reforms being halted. Environment vision 2030 pdf for the emirate of abu dhabi was developed to ensure integration among the three pillars of sustainability. As part of the economic vision 2030, bahrain edb initiated a programme of economic and institutional reform, including the coordination of the first national economic strategy. The economy will contract sharply in 2020 and bahrain will struggle financially owing to the impact of covid19 on global demand and slumping oil prices. Vision 2030 essentially continues, in amplified and expanded form, policies that the country has had in. The economic vision 2030 pdf, 279kb, 26 pages which was launched in october 2008 by his majesty king hamad bin isa al khalifa, is a comprehensive. Privatization will be central among reforms, designed to reduce the reliance of public services such as health and education on government and oil funds. For the latest updates on the edb and opportunities in bahrain, enter your email address. Minister of commerce and investment majid alqassabi says vision 2030 is designed to help transition from a governmentled to marketdriven economic model. Exploring the implementation of government work program. Bahrains economic outlook april 2018 world bank group.
Presently, about 4,000 bahrainis a year enter the job market with at least a college degree. Both aspects constitute central tenets of bahrains economic vision, and of the sdgs. Sound economic management reasonable and sustained rates of economic growth that secure a high standard of living for this generation and for future generations. No claims are made regarding the accuracy of bahrain economy 2020 information contained here. The kingdom of saudi arabia ksa, through the 2030 vision and the 2020. It guides our aspirations towards a new phase of development to create a vibrant society in which all citizens can fulfill their dreams, hopes and ambitions to succeed in a thriving economy. Each is purposely extreme in an attempt to provide a sharp contrast between different potential futures and more clearly illustrate the tradeoffs involved. Submit the readings for electricity and water meters against any account.
Saudi arabias deputy crown prince mohammed bin salman announced on monday the vision 2030 reform plan, a package of economic and social policies designed to free the kingdom from dependence on. Since its launch in 2008, the national economic vision 2030 has been developed with 3 main principles that is sustainability, fairness and competitiveness. Som bahrain national planning development strategy. Bahrain vision 2030 bahrain economic vision 2030 is a longterm economic development plan promulgated in 2008 by king hamad bin isa al khalifa to guide development bahrains economy and society for the next twentyone years. The qatar national vision 2030 will also guide the wise management of the qatari economy, helping increase competition, attracting more investments, and stimulating growth. Subscribe to ebilling to receive your bills by email. Meeting of arab ministers of finance, manama, bahrain, 6 april 2016. World economic outlook, april 2018, international monetary fund. The economic vision 2030 pdf, 279kb, 26 pages, which was launched in october 2008 by his majesty king hamad bin isa al khalifa, is a comprehensive economic vision for bahrain, providing a clear direction for the continued development of the kingdoms economy and, at its heart, is a shared goal of building a better life for every bahraini the launch of the vision followed four years of. It expresses our longterm goals and expectations and it is built upon our countrys unique strengths and capabilities. Corporate issuance has been dominated by regional banks with benchmark. Consequently, the process of developing the economic vision 2030 for bahrain was a comprehensive one where bahrainis from all walks of life contributed. The ultimate goal, as outlined in bahrains vision 2030, is to establish an internationally focussed and globally competitive ict hub for bahrain. The economic vision 2030 pdf, 279kb, 26 pages, which was launched in october 2008 by his majesty king hamad bin isa al khalifa, is a comprehensive.
The abu dhabi economic vision 2030 taskforce this abu dhabi economic vision 2030 is the result of a concerted effort between a number of public sector and joint publicprivate sector entities. Bahrain economic quarterly june 2016 please refer to the disclaimer at the end of the document. Saudi arabia has a longterm plan as part of its wideranging vision 2030 strategy to reduce the economys reliance on oil and the state by boosting investment in the private sector. Economic vision 2030 bahrain edb is fully dedicated to enriching bahrain s investor environment, from now into the far future. And a key component of saudi arabia vision 2030 the liberalization of the entertainment sector will undermine bahrains appeal as a. Officials say the overall plan remains intact, with only the road map on how to. Qatar has a national vision 2020, and bahrain, kuwait and abu dhabi each have a vision 2030. Bahrain vision 2030 by bahrain economic development board. Report waterenergyfood nexus in bahrain pdf document.
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