Sat, 17 June 2023
In an effort to reduce its debt, Bahrain's cabinet decided earlier this week to begin awarding "strategic investors" a golden license and offering incentives to businesses bringing significant investments.
On June 16, Bahrain awarded its first golden licences to five projects with a cumulative investment of more than $1.4 billion as the Arabian Gulf’s smallest oil producer aims to attract more investment into its economy to boost growth.
According to the Bahrain Economic Development Board (Bahrain EDB), licenses were given to projects offered by Citi, Eagle Hills Diyar, Infracorp, Saudi Telecom, and the Whampoa Group.
Here are five must-know facts you need to know about the licences: