Bahrain is negotiating cloud computing and FDI agreements
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Bahrain is in advanced talks for investment deals with cloud computing companies from the United States, China, and the United Arab Emirates. Plans come as Saudi Arabia and the UAE are also banking on technology to diversify their oil-dependent economies.
Since 2018, Bahrain has hosted a large Amazon Web Services (AWS) centre – the first in the Middle East. EDB alone aims to attract $1 billion in FDI and create around 4,500 jobs this year after drawing $893 million in 2021.
It is also in talks for FDI deals with Israel, which are expected to be announced “soon”, he said. The recovery programme includes plans for the tourism, logistics, industrial, telecom, and oil and gas sectors.
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