Bahrain launches 'Golden License' to attract major investment, jobs

Only companies with major investment and project portfolios will be eligible for the license, with either a $50 million value or a plan to create 500 jobs in the country, according to the Bahrain Economic Development Board. 
Workers work on the construction site of the Golden Gate towers at Bahrain Bay in Manama on March 25, 2023. - With a multi-billion dollar economic revamp in full swing, tiny Bahrain is vying to keep pace with its Gulf neighbours after more than a decade beset by political unrest. (Photo by Mazen Mahdi / AFP) (Photo by MAZEN MAHDI/AFP via Getty Images)
Workers work on the construction site of the Golden Gate towers at Bahrain Bay in Manama on March 25, 2023. - With a multi-billion dollar economic revamp in full swing, tiny Bahrain is vying to keep pace with its Gulf neighbors after more than a decade beset by political unrest. - MAZEN MAHDI/AFP via Getty Images
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Salim A. Essaid
@salim_a_essaid

Bahrain announced the launch of a Golden License on Monday, aimed to attract major companies to invest in the Gulf kingdom, by providing incentives and streamlined services to these businesses .

Bahrain’s Cabinet introduced the license in line with its October 2021 Economic Recovery Plan, to create jobs and attract greater local and foreign investment with the goal of better economic performance. Last year, Manama introduced its Golden Visa program, also aimed to attract foreign investments. 

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