Bahrain committed to ensure ideal business climate

March 21, 2018

 

Manama : Bahrain is committed to continuing regulatory improvements to streamline the innovation process and ensure the business climate is ideal for investment, said Khalid Al Rumaihi, Chief Executive of the Bahrain EDB. 

 

Citing reforms including the introduction of regulatory sandbox as well crowdfunding regulations to enable greater access to new sources of capital, Al Rumaihi pointed out that Bahrain’s long history as a leader in Islamic finance, paired with a strong track record in creating the right environment for businesses to adapt quickly to new technologies, means that “we are fast becoming a key driver of growth in the Islamic fintech industry.”

 

“Bahrain FinTech Bay, MENA’s largest FinTech hub, launched last month and we are looking forward to seeing different players in the sector come together to create truly innovative fintech and Islamic fintech solutions,” he added. 

 

Al Rumaihi was speaking during a summit held as part of the Innovate Finance Global Summit held in London from 19-20 March as part of Bahraini delegation to showcase investment opportunities in Bahrain