The deals are expected to conclude this year. “China is a big source of FDI and we are seeing concrete deals emerging from our trips in past years, the most recent of which was last November,” Mr Al Rumaihi informed The Nationwide in a meeting at Euromoney’s GCC Economic Discussion board in Bahrain.
Bahrain carries the the majority of debt of any Gulf state and also possesses a non-investment quality score by S&P Global Rankings. The kingdom needed a financial budget decrease of around $3.5bn in 2017 along with a debt-to-gross domestic ratio of 85 per cent. The 2018 statistics have yet to be launched.