MANAMA, OCT. 26, (BNA) HIS ROYAL HIGHNESS CROWN PRINCE, DEPUTY OF HIS MAJESTY THE KING AND ECONOMIC DEVELOPMENT BOARD (EDB) CHAIRMAN PRINCE SALMAN BIN HAMAD AL KHALIFA PAID TODAY A VISIT TO HRH PRIME MINISTER PRINCE KHALIFA BIN SALMAN AL KHALIFA AT HIS COURT.
TO MARK THE FIRST ANNIVERSARY OF BAHRAIN ECONOMIC VISION 2030, LAUNCHED BY HM THE KING, BOTH LEADERS PRAISED FORESIGHTEDNESS OF HIS MAJESTY KING HAMAD REFLECTED IN THE ECONOMIC VISION WHICH HAS MADE CITIZENS THE CENTRE AND TARGET OF DEVELOPMENT.
THEY ALSO PRAISED 2030 ECONOMIC VISION AS A PATHWAY TO COMPREHENSIVE DEVELOPMENT COMMENDING THE NATIONAL STRATEGY IN IMPLEMENTING IT.
HRH THE CROWN PRINCE AND HRH THE PREMIER STRESSED THE IMPORTANCE OF FLEXIBLE ECONOMIC SCHEMES TO WITHSTAND POTENTIAL CHALLENGES LIKELY TO BE GENERATED BY THE GLOBAL ECONOMIC CRISIS.
SUCH PLANS NEED TO BE CONSISTENT WITH FUTURE CIRCUMSTANCES AND ABLE TO DEAL WITH CHANGES, THEY ASSERTED EXPRESSING SATISFACTION AT COMPANIES' PERFORMANCE IN THE KINGDOM WHICH REFLECT HEALTHY ECONOMIC CLIMATE DESPITE THE GLOBAL CREDIT CRUNCH.
BOTH LEADERS LAUDED BAHRAIN'S PROMISING AND ACTIVE ECONOMIC SECTORS WHICH PROVED THEIR CAPABILITY OF INVIGORATING THE NATIONAL ECONOMY.
THEY STRESSED CITIZENS AS FIRST PRIORITY IN THE ECONOMIC DEVELOPMENT MAINLY IN TERMS OF EMPLOYMENT.
THEY EMPHASIZED CONTINUED EFFORTS TO PROVIDE NEW JOB OPPORTUNITIES IN ORDER TO FULFILL THE ASPIRATIONS OF HIS MAJESTY THE KING AND CONCRETIZE CITIZENS' HOPES.
ALL GOVERNMENT ESTABLISHMENTS ARE WORKING ON BOOSTING THE KINGDOM'S INVESTMENT CLIMATE TO RENDER IT MORE ATTRACTIVE COMPETITIVE AND SECURE, THEY SAID.
BOTH SIDES REVIEWED PROSPECTS OF INDUSTRIAL DEVELOPMENT IN A WAY TO
MAXIMIZE BENEFITING FROM NATURAL AND INDUSTRIAL RESOURCES AND BOOST
THIS SECTOR'S CONTRIBUTION TO THE GROSS DOMESTIC PRODUCT (GDP). WORK
IS GOING ON TO DEVELOP TRANSFORMATIONAL INDUSTRIES AND UTILIZE POWER
RESOURCES TO PUSH AHEAD WITH THE DEVELOPMENT PROCESS, THEY SAID.

THEN, BOTH LEADERS REVIEWED GROWTH IN KNOWLEDGE-BASED SECTORS
LAUDING, IN THIS CONTEXT, DEVELOPMENT IN THE TELECOMMUNICATIONS FIELD
THANKS TO ITS SOLID BASIC STRUCTURE. THEY ALSO UNDERLINED THE NEED FOR
THE MEDIA SECTOR TO COPE WITH AND HIGHLIGHT THE FAST-PACED POLITICAL,
ECONOMIC AND SOCIAL CHANGES IN BAHRAIN.

HRH THE CROWN PRINCE AND HRH THE PREMIER URGED TO PROTECT THE
KINGDOM'S HISTORICAL AND CULTURAL HERITAGE TO PRESERVE BAHRAIN'S
IDENTITY AND PROJECT IT WORLDWIDE.

AOQ
26-OCT-2009 19:42