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	<title>global tech business Archives - International Finance</title>
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	<title>global tech business Archives - International Finance</title>
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		<title>Bahrain eyes tech &#038; tourism for economic diversification</title>
		<link>https://internationalfinance.com/economy/bahrain-eyes-tech-tourism/#utm_source=rss&#038;utm_medium=rss&#038;utm_campaign=bahrain-eyes-tech-tourism</link>
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		<dc:creator><![CDATA[International Finance Desk]]></dc:creator>
		<pubDate>Wed, 28 Mar 2018 06:31:54 +0000</pubDate>
				<category><![CDATA[Economy]]></category>
		<category><![CDATA[Bahrain]]></category>
		<category><![CDATA[Bahrain government]]></category>
		<category><![CDATA[economy]]></category>
		<category><![CDATA[global tech business]]></category>
		<category><![CDATA[Manama]]></category>
		<category><![CDATA[public finances]]></category>
		<category><![CDATA[Saudi Arabia]]></category>
		<guid isPermaLink="false">https://www.internationalfinance.com/?p=16490</guid>

					<description><![CDATA[<p>The Bahrain government is encouraging new expansion of skyscrapers in Manama to attract global tech business </p>
<p>The post <a href="https://internationalfinance.com/economy/bahrain-eyes-tech-tourism/">Bahrain eyes tech &#038; tourism for economic diversification</a> appeared first on <a href="https://internationalfinance.com">International Finance</a>.</p>
]]></description>
										<content:encoded><![CDATA[<p><span style="font-weight: 400;">Skyscrapers in Bahrain capital Manama stands testament to its efforts to follow a more diverse economy. There have been investments issues in the past leaving Bahrain’s public finances in a challenging situation.</span></p>
<p><span style="font-weight: 400;">The government’s plan in the pipeline include developing industries such as metal, tourism and global business, reported </span><i><span style="font-weight: 400;">Arabian Business</span></i><span style="font-weight: 400;">. </span><span style="font-weight: 400;">Zayed Al Zayani, the minister of industry, commerce and tourism, said  in an interview, growth and stability ‘comes through economic prosperity.’</span></p>
<p><span style="font-weight: 400;">The completion of a new airport terminal should happen within a year’s time and there are talks to build a second causeway to Saudi Arabia, according to Kamel Ahmed, minister of transportation and telecommunications. </span></p>
<p><span style="font-weight: 400;"><a href="https://www.internationalfinance.com/economy/travel-tourism-created-7mn-new-jobs-globally-2017-says-world-travel-tourism-council/">Global tourism</a> is growing strong by creating new jobs and heavily contributing to economic growth. This development could uplift Bahrain’s growth plan to lure global business and tourists from around the world. Additionally, its less restricted rules on alcohol and entertainment attracts more visitors from Saudi Arabia over the weekends.</span></p>
<p><span style="font-weight: 400;">State-controlled Aluminium Bahrain is said to rise its produce by 50% to 1.5mn tons in Q1</span> <span style="font-weight: 400;">2019. </span><b>Al Zayani </b>said:<span style="font-weight: 400;"> “That’s an incentive for the private sector to invest.” </span></p>
<p>The post <a href="https://internationalfinance.com/economy/bahrain-eyes-tech-tourism/">Bahrain eyes tech &#038; tourism for economic diversification</a> appeared first on <a href="https://internationalfinance.com">International Finance</a>.</p>
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