The Bahrain Economic Development Board (EDB) will join hands with the kingdom’s government and private sector institutions to promote the country’s ICT sector.
Announcing its participation in the Gitex 2013 exhibition, to be held in Dubai from October 20 to 24, EDB said the exhibition will give the board an opportunity to showcase Bahrain’s exceptional investment opportunities to entrepreneurs and top international investors in the information and communications technology (ICT) field as well as communicate with government delegates of different countries.
The high profile technology event will see 139,000 professionals, 3,376 companies and around 80 per cent of top international ICT brands from around 144 countries worldwide marking their presence.
The EDB, alongside the eGovernment Authority, Tamkeen and Bahrain Development Bank, will collectively promote Bahrain’s ICT sector.
Bahrain boasts a sector of high readiness, as well as an open business environment and an economically competitive market.
“The Gitex exhibition and conference has become a key regional event that’s bound to attract the sector’s top companies and specialised ICT investors,” remarked EDB executive director for business development Vivian Jamal.
“It is an opportunity to make use of this iconic event to attract companies to Bahrain, whether they are looking to establish headquarters in the region or are seeking to create productive partnerships with the kingdom’s counterparts.
“It is expected that the ICT will contribute around $372 million this year to the kingdom’s economy, and is part of a sector that made up to 7 per cent of the GDP in the second quarter of the year,” she said.
Bahrain has many advantages which have helped support and develop the ICT sector, combined with an adequate and specialised work-force serving the sector.
The kingdom’s strategic location that mediates India, the West and the Far East reinforces its position as an ICT centre, alongside the government’s efforts in diversifying the kingdom’s sources of income, making the country a pioneer in the GCC region.
In addition, the kingdom’s economic openness is highlighted with Bahrain ranking second in the region in terms of Internet connectivity, which comes as a result of converting local and international calls to digital technology and other advanced technological services.
Bahrain Economic Development Board (EDB), Gitex, government sector, ICT sector, private sector