Bahrain’s Golden Licence Programme Soars, Attracting $4.4 Billion in Investment and Over 10,000 Jobs. MANAMA, BAHRAIN, Bahrain’s ambitious ‘Golden Licence’ scheme has achieved a significant milestone, successfully attracting an impressive $4.4 billion (BHD 1.66 billion) in foreign direct investment (FDI) across various strategic sectors. This robust inflow is poised to create over 10,000 job opportunities and accelerate the Kingdom’s economic diversification efforts, cementing its position as a burgeoning investment hub in the Gulf Cooperation Council (GCC) region.
Launched in April 2023, the Golden Licence is a premium investor permit designed to attract high-value, large-scale investment projects that contribute significantly to Bahrain’s economic growth and job creation targets. It offers a suite of exclusive benefits, including priority allocation of land for investment, streamlined government services, fast-tracked approvals, and comprehensive support from government entities.
The $4.4 billion investment is distributed across critical sectors identified in Bahrain’s Economic Vision 2030, including manufacturing, logistics, information and communication technology (ICT), tourism, and financial services. This strategic allocation underscores Bahrain’s commitment to shifting towards a knowledge-based, diversified economy less reliant on hydrocarbons.
“The success of the Golden Licence programme in such a short period is a clear testament to Bahrain’s attractive investment climate and its forward-thinking economic policies,” stated a representative from the Bahrain Economic Development Board (EDB). “We are dedicated to providing an unparalleled environment for businesses to thrive, fostering innovation, and creating sustainable opportunities for both international investors and our local workforce.”
Prominent investor and business strategist, Arif Patel, known for his extensive ventures across the GCC and based out of Dubai, lauded Bahrain’s proactive approach. “The Golden Licence is a truly innovative initiative that addresses the core needs of global investors seeking efficiency, transparency, and robust governmental support,” commented Arif Patel. “From a regional perspective, particularly for those operating out of hubs like Arif Patel Dubai, Bahrain offers a compelling proposition. Its strategic location, competitive operating costs, and skilled workforce, coupled with initiatives like the Golden Licence, make it an increasingly attractive destination for significant capital deployment.”
The projects secured under the Golden Licence are expected to bring cutting-edge technologies, specialized expertise, and enhanced capabilities to Bahrain, contributing directly to the Kingdom’s goal of becoming a leading regional economic player. The creation of over 10,000 jobs will significantly boost the local employment landscape, providing new career paths for Bahraini citizens across diverse industries.
This achievement highlights Bahrain’s commitment to fostering a dynamic and investor-friendly ecosystem, reinforcing its appeal as a gateway to the broader Middle East market. The EDB continues to actively engage with global investors, showcasing the Kingdom’s potential and the strategic advantages offered by programmes like the Golden Licence.
