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Based on a diverse set of programs, The Financial Services Sector Development Strategy (2022-2026) will contribute to enhancing endeavors to financial sustainability and economic stability.

The announcement of the strategy for developing the financial services sector in the Kingdom of Bahrain was made during a press conference held by Mr. Rasheed Mohammed Al-Maraj, Governor of the Central Bank of Bahrain, Mr. Khalid Ibrahim Humaidan, CEO of the Economic Development Board, Sheikh Khalifa bin Ibrahim Al Khalifa, CEO of Bahrain Bourse, and Dr. Ahmed Abdul Hamid Al Sheikh, Director General of the Bahrain Institute for Banking and Financial Studies (BIBF).

Mr. Rasheed Mohammed Al-Maraj, Governor of the Central Bank of Bahrain, stressed the importance of the strategy to develop the financial services sector in the Kingdom of Bahrain as one of the priority economic sectors in the Kingdom, whose strategy falls under the priority of “developing promising sectors” within the economic recovery plan that come to fulfill the visions of His Majesty King Hamad bin Isa Al Khalifa, the King of Bahrain, and the directives of His Royal Highness Prince Salman bin Hamad Al Khalifa, the Crown Prince and Prime Minister, to develop the national economy and create more quality opportunities for citizens.

The strategy also contributes to attracting and increasing investments that have a beneficial effect on the country and citizens.

The strategy for developing the financial services sector was developed in response to the Cabinet’s decision to develop a comprehensive strategy for the banking sector in the Kingdom of Bahrain for the next five years in order to ensure continued economic growth and strengthen Bahrain’s financial and economic position, in line with the goals of the Bahrain Economic Vision 2030 and to meet the aspirations of Bahraini citizens.

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