Private sector is key to economic growth: Bahrain CP

His Royal Highness Prince Salman bin Hamad Al Khalifa emphasised the government’s focus on redefining the role of the public sector from the primary engine of economic growth into a private sector enabler and regulator.

“The success of the private sector is closely linked to the success of the country,” said the Crown Prince, Deputy Supreme Commander and First Deputy Prime Minister adding: “Private sector-led economic model will guarantee sustainable economic development as well as better opportunities for Bahrain’s citizens.

His Royal Highness was speaking while receiving new Board of Directors of the Bahrain Chamber of Commerce and Industry (BCCI) led by its chairman Sameer Abdulla Ahmed Nass at the Gudaibiya Palace.

During the meeting, His Royal Highness congratulated the BCCI’s new chairman and board members on their recent election and discussed a range of topics related to supporting the private sector.

In this regard, HRH Prince Salman told the BCCI board to continue providing small and medium enterprises (SMEs) with the support they needed to remain competitive and transform innovative ideas into successful projects to boost economic growth.

Highlighting His Majesty the King’s comprehensive development programme, the Crown Prince stressed that the Kingdom will continue to introduce economic initiatives centred around the principles of suitability, competitiveness, and fairness that underpin Bahrain’s Economic Vision 2030.

The BCCI Chairman expressed his appreciation for His Royal Highness’ ongoing support to the Chamber and stressed BCCI’s commitment to continue working alongside the business community to generate economic growth.