Bahrain Assumes Presidency of Digital Cooperation Organisation

by BTM

Wed, 01 March 2023

Bahrain Business News for March 2023

The Kingdom of Bahrain has officially been appointed to the Presidency of the Digital Cooperation Organisation (DCO) - a global, multilateral organisation dedicated to accelerating the inclusive growth of the digital economy. 

The Minister of Transportation and Telecommunications, His Excellency Mohamed bin Thamer Al Kaabi, will become the new Chairman of the Council of the DCO. As represented by HE the Minister, Bahrain will oversee the strategic direction of the DCO for the coming year and support the ongoing execution of DCO’s key initiatives and programmes.

The Kingdom of Bahrain has strong ambitions to be a regional leader in the digital economy and has implemented a number of projects and initiatives to create the foundation for digital growth. The government of Bahrain has developed a robust regulatory environment, including personal data protection, data jurisdiction, intellectual property and eTransaction laws to support the Kingdom’s digital economy. The country ranked in the Very High scoring category of the 2022 United Nation’s E-Government Development Index (EGDI) 2022.

Bahrain has also developed advanced FinTech policies, and its FinTech Bay is one of the leading centres for innovation in financial technology for MENA region. Amazon Web Services also chose Bahrain as the home of their new hyperscale Cloud Region, their first in the Middle East and North Africa.

The ascension of Bahrain to the Presidency of the DCO was ratified during the second DCO General Assembly which took place in Riyadh, Saudi Arabia, February 5.