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How Bahrain uses its small size and is Saudi Arabia’s neighbor – to its advantage



There are only 1.5 million people in Bahrain. This is smaller than many cities in the world, smaller than other countries. In terms of the field, the Persian Gulf Island nation is only 300 square miles.

But his size Noor Al Khulif, Bahrain’s Sustainable Development Minister Noor al Khulif.

“The road we see is a test area for the countries in the region in Bahrain,” Al Khulif said FortuneThe most powerful women’s top in the neighboring Saudi Arabia last week.

Companies continue to work in the Gulf Cooperation Council (GCC) – to use Saudi Arabia, Kuwait, United Arab Emirates, Qatar, Bahrain and Oman-Bahrain.

You can “come and test your mind on a smaller scale and if it’s wrong, 1.5 million people did not really go wrong,” he said. He was successful, he said he would gain confidence in expanding it between the region. “We see Bahrain as the door of GCC.”

Al Khayif, serving as the Director General of the Bahraini Economic Development Council, also allows small small-sized cooperation.

“We don’t really talk like a government, private sector and society,” he said. “There is a team of Bahrain, and we do this collectively.”

This helps to explain how Bahrain’s economy has effectively changed its oil.

“For us, oil in our oil economy is not even the largest sector, and so far this has been the result of a journey for decades for two years,” he said.

Instead, the financial services are the largest sector, which is a large growth area of ​​Fintech. Production, logistics, tourism and technology are also the main sectors.

Bahrain has long had close economic ties with Saudi Arabia and learned to complete a larger neighbor who is relating to a road.

“We see ourselves as a service center in Saudi,” Al Khulif said.

Saudi Arabia, for example, Bahrain, Bahraini will try to support it, for example, our economy and Saudi economics have been to see ourselves as an integral part of the GCC economy for years. “

This story was first displayed Fortune.com



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