![]() In the past, 40 percent of Bahrain’s GDP was from the oil sector, whereas today it makes up almost 20 percent. “Today, the economy has become highly diversified. “The purpose of this visit is to really grow our presence in the non-oil parts of our economy, specifically industry and the ICT (information and communications technology) sector, as well as other industries such as medicine, aluminium, and petrochemicals, and food security and tourism. This includes the financial services sector, which for the first time has exceeded the oil sector in the GDP (gross domestic product). We have been seeking to become diversified. He told Arab News Japan: “Bahrain’s economy cannot survive (as a single property economy). TOKYO: Diversification was essential to the future of Bahrain’s economy, the country’s industry and commerce minister said during a trip to Japan.Ībdullah Adel Fakhro was speaking during his visit to the east Asian nation to explore new business opportunities between the two countries.
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