A top businessman said that the volume of overall investment is expected to top USD 45 billion over 5 years in Bahrain.
Dr Essam Fakhro chairman of Bahrain Chamber of Commerce and Industry said that public sector investments are expected to average 40% between 2013 and 2017.
Private sector and foreign investments are predicted to make up the rest.
Dr Fakhro said that "These reassuring indices represent a vote of confidence for the investment environment in all sectors."
He said that industries, higher education, training institutes, and health and financial services are the key sectors that will attract investment.
He added that the next 5 years also augur well for transport, logistics services, information technology, family tourism, aluminium byproducts and project management.
He said that the private sector managed last year to emerge from the state of stagnation which hit the national economy in the aftermath of the 2011 unrest. He credited this to government funded projects and plans that revitalized the national economy.
He paid tribute to His Majesty King Mr Hamad, HRH Prime Minister Prince Mr Khalifa bin Salman Al Khalifa and HRH Prince Mr Salman bin Hamad Al Khalifa, Crown Prince and Economic Development Board Chairman, for supporting the private sector.
He commended the freeze on fees and the drive to promote partnership with the private sector with regard to government projects and tenders.
He stressed the importance of engaging the private sector in decision-making process and supporting national companies, which alleviated the repercussions of the unrest.
He further added that "This adopted policy of engagement will play a positive role in boosting the national economy this year," pledging to provide every help for the trade community.
