Bahrain attracts Citi's fund administration business

About The Bahrain Economic Development Board (EDB):
The Bahrain Economic Development Board (EDB) is a dynamic Government agency with an overall responsibility for formulating and overseeing the economic development strategy of Bahrain, and for creating the right climate to attract direct investment into the Kingdom.

The role of the Bahrain EDB is to provide leadership by uniting all of the Kingdom's shareholders through a unified vision, and to develop key strategies for growth. The Bahrain EDB also acts as a facilitator, helping all of Bahrain's stakeholders to understand and adopt the changes necessary for progress. In addition, the Bahrain EDB provides sound project management to ensure that all agreed reform initiatives are implemented in an effective and timely manner.

The Bahrain EDB is also responsible for attracting inward investment into Bahrain, and is focusing on six target economic sectors in which the Kingdom offers significant strengths. These are financial services, downstream industries, tourism, business services, logistics and health, education and training.

About Bahrain Financial Services Development:
Bahrain Financial Services Development is a department of the Economic Development Board which is uniquely dedicated to the needs of the financial services industry and provides a single point of contact for international financial services firms looking to build a base in the Kingdom.

EDB Mission Statement:
Our mission is to grow and diversify Bahrain's economy by developing a strategy that supports the advancement of a modern and liberalized business environment, encourages inward investment and enables us to compete in the global marketplace.

We are dedicated to raising living standards by creating greater opportunities for our citizens and to make Bahrain the Gulf's most welcoming, business friendly location. We will accomplish these goals by working in partnership with the public and private sectors, and by being passionate, professional and innovative in all that we do.

For more information, please contact:
Weber Shandwick PR for the EDB and BFS
Natasha Trendall
Weber Shandwick Financial
Telephone: +44 (0)20 7067 0735
Mobile: +44 (0)7779 719730

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