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Bahrain to encourage hedge fund expansion

Middle East Investment Summit, Bahrain, November 2009

shaikh-alman-isa-al-khlifa-cobahrain

Sheikh Al-Khalifa (above) says Bahrain is well placed to encourage the growth of the alternative asset management sector, particularly funds and managers that want to access other Gulf Co-operation Council (GCC) countries. At present over 25% of gross domestic product (GDP) of Bahrain comes from financial services, a much higher percentage than oil. He also says Bahrain is a good base for funds to access other states in the Middle East and North Africa.

Sheikh Al-Khalifa made the comments at the

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