Bahrain’s king puts economic laws and investment on the legislative agenda
Bahrain’s King Hamad set economic priorities while opening the new legislative session. His agenda includes modern economic laws, a more competitive investment environment, the knowledge economy, energy sustainability, and food and water security. He also called for preparation of a future economic vision connecting development with citizens’ aspirations. The address set no numerical targets or completion date.
Economics & Markets··Morning
King Hamad sets the session’s economic priorities
Bahrain’s King Hamad bin Isa Al Khalifa set economic priorities as he opened the legislative session on October 11. He called for modern and coherent economic legislation and a more competitive investment environment. The address opened the fifth session of the sixth legislative term of Bahrain’s two legislative chambers, the Shura Council and Council of Representatives.[1], [2]
Knowledge, energy, food and water join the agenda
The king’s priorities also include expansion of the knowledge economy, sustainability in energy and environmental protection, and continued work on food and water security. The speaker of the Council of Representatives pledged to turn national priorities into legislation supporting the knowledge economy and investment conditions. These priorities concern the legislative work of the newly opened session.[1]
A future economic vision is to be prepared
King Hamad directed preparation of a future economic vision as a comprehensive national framework. He called for linking the economy with society, development with sustainability and state policy with citizens’ aspirations. Proactive planning and integration of institutions’ working methods form part of the preparation approach he described.[1]
The address set no numerical economic objectives or completion date for the new vision. The king also expressed confidence in government plans to balance stability and development, following progress in restoring economic activity and daily life to their normal course.[1]