How travel and tourism will boost Bahrain’s non-oil sector in 2021
The country’s non-oil economy is projected to grow 3.9 percent this year.
Data from the International Monetary Fund (IMF) has suggested Bahrain’s economy will grow by 3.3 percent this year thanks to a range of government-enacted initiatives and the nationwide vaccine rollout. In its statement on Bahrain’s economy, the IMF added that the country’s non-oil sector will grow by 3.9 percent, aided by a strong vaccine distribution network.
Five-year plan
One of the key initiatives for the non-oil sector is the five-year tourism plan shown off by Industry, Commerce, and Tourism Minister Zayed Alzayani, who is also Bahrain Tourism and Exhibitions Authority (BTEA) chairman. Detailed earlier this month, the plan looks to boost the number of tourism campaigns in the country to elevate its status in the Gulf. The plan was originally supposed to start in 2020 but was put on hold amid the pandemic. “We just had the new BTEA board formed and fresh plans on the table,” said Alzayani, “but it would have been a waste of money if we had started them last year.
“Bahrain is an attractive destination and we will pick up once the damaged tourism sector recovers from the aftermath of Covid-19. Our five-star hotels are cheaper than most four-star hotels in the region and many other tourist capitals around the world. Our hotels provide superb services with international observers recognizing their excellence.”
Source Credit: Hotelier Middle East