Bahrain: Jarad Bachar, Executive Director, Bahrain Economic Development Board
2017/06/15
“This is the time to look at Bahrain,” Jarad Bachar, Executive Director, Bahrain Economic Development Board [EDB], had his agenda sorted when I caught up with him at the bustling Arabian Travel Market last week.
<!-- Media Box -->
Tourism plays a big role in Bahrain’s 2030 vision and contributes around 6.5pc to the country’s GDP. (Photo courtesy: EDB)
The challenge
<!-- Media Box -->
“It’s definitely the time to remember that Bahrain is here and we are a part of the greater GCC tourism sector”, says Jarad Bachar. (Photo courtesy: EDB)
The Saudi market
<!-- Media Box -->
Jarad admits that the biggest challenge is lack of awareness regarding Bahrain’s tourism potential. (Photo courtesy: EDB)
<!-- Media Box -->
Jarad says Bahrain is all about experiencing “5,000 years of documented history, food and culture and hospitality”. (Photo courtesy: EDB)
Not another Dubai
- Related Articles
-
Aluminium Bahrain’s Line 6 Expansion Achieves 25 Percent Completion
2017/09/13 Aluminium Bahrain B.S.C. (Alba) updated shareholders on the firm’s evolution on the US$3-billion Line 6 Expansion Project yesterday, noting that the undertaking continues to run on the scheduled timeline. According to the firm, earthworks and concrete at the site are continuing as planned, with engineering at 50 % completion, and procurement and contracts at 70 % completion. In general the project is at 25 % completion, with the erection of structural steel slated for later this month. -
UNWTO: International tourism – strongest half-year results since 2010
2017/09/09 Destinations worldwide welcomed 598 million international tourists in the initial six months of 2017, some 36 million additional than in the same period of 2016. At 6%, increase was well above the trend of recent years, making the current January-June period the strongest half-year since 2010. Visitor numbers reported by destinations around the world reflect strong request for international travel in the initial half of 2017, according to the new UNWTO World Tourism Barometer. Worldwide, international tourist arrivals (overnight visitors) increased by 6% compared to the same six-month period last year, well above the sustained and consistent trend of 4% or higher increase since 2010. This represents the strongest half-year in seven years. -
IMF urges Bahrain to implement further fiscal reforms
2017/09/08 Bahrain needs to urgently implement further fiscal reforms as economic vulnerabilities have increased in the Gulf kingdom in the wake of the oil price decline, according to the International Monetary Fund (IMF). IMF executive directors said that, although economic activity and financial market conditions have remained positive, "additional sizable and frontloaded fiscal adjustment is urgently needed".Additional sizable and frontloaded fiscal adjustment is urgently needed, says International Monetary Fund They said in a new research note that sustained fiscal efforts will be needed over the medium term to put deficit on a downward path and rebuild policy space. -
Bahrain inks deal to develop solar power policies
2017/09/08 Bahrain has appointed technical consulting and engineering company CESI as it embarks on developing its solar power policies. Dr. Abdul-Hussain Ali Mirza, the country's Minister of Electricity and Water Affairs, said CESI has been hired to support Bahrain’s sustainable energy unit (SEU) to develop the regulatory requirements related to connecting distributed renewable energy resources. Bahrain hires technical consulting and engineering company CESI as it eyes renewable energy drive -
Bahrain's GFH acquires $1.2bn land bank
2017/09/08 Bahrain-based GFH Financial Group (GFH) has announced that it has completed the acquisition of a $1.2 billion infrastructure portfolio in Africa and Middle East. Acquisition has been funded by $315m capital increase taking GFH issued and paid up capital to $975m The acquisition comes as part of GFH’s new strategy approved in the last shareholders’ conference in March and subsequent to regulatory approvals, the company said in a statement.
-
- Bahrain News
-
- BAHRAIN: Aluminium Bahrain’s Line 6 Expansion Achieves 25 Percent Completion
- AFGHANISTAN: UNWTO: International tourism – strongest half-year results since 2010
- BAHRAIN: IMF urges Bahrain to implement further fiscal reforms
- BAHRAIN: Bahrain inks deal to develop solar power policies
- BAHRAIN: Bahrain's GFH acquires $1.2bn land bank
- BAHRAIN: Bahrain issues new rules to encourage fintech growth
- Trending Articles
-
- CHINA: The downsides to Singapore’s education system: streaming, stress and suicides
- PAKISTAN: Nawaz Sharif to become PML-N chief again?
- JAPAN: Carmakers face billions in European CO2 fines from 2021
- WORLD: Five reasons why global stock markets are surging
- CHINA: China embraces smart factory technology in manufacturing arms race with Germany, Japan
- FRANCE: UK growth will trail Italy, France and Germany next year, says OECD