Bahrain to Host 5th World Entrepreneurs Investment Forum in May 2024

Bahrain is set to host the 5th edition of the World Entrepreneurs Investment Forum (WEIF) from May 14-16, 2024, under the patronage of His Royal Highness the Crown Prince and Prime Minister, Prince Salman bin Hamad Al Khalifa. The event, themed 'Achieving the SDGs through Fostering Innovation and Economic Growth,' will focus on nurturing entrepreneurship and innovation across sectors to drive sustainable development.

The forum aims to forge partnerships for Arab and African entrepreneurs, establish conducive ecosystems for business innovation, and advocate sustainable practices. It will also examine the role of educational and research institutions in driving innovation and empowering individuals with disabilities to achieve economic autonomy. The Bahrain Chamber, in collaboration with the government, is organizing the event to showcase Bahrain's commitment to sustainable growth and its utilization of innovative solutions to address global challenges in line with the Sustainable Development Goals.

Why this matters: The World Entrepreneurs Investment Forum in Bahrain highlights the country's efforts to nurture entrepreneurship and innovation as key drivers of sustainable economic growth. By bringing together entrepreneurs, investors, and stakeholders from various sectors, the forum aims to create a platform for collaboration and knowledge-sharing to address global challenges and achieve the Sustainable Development Goals.

Bahrain's commitment to sustainable growth is further evident in its strong economic performance. According to the International Monetary Fund, Bahrain is at the forefront of growth forecasts for 2024 among Gulf Cooperation Council countries. The IMF report projects Bahrain to record a 3.6% growth rate in its GDP during 2024, outpacing the expected global GDP growth of 3.2% in 2024 and 2025. This indicates the country's robust policies and initiatives to support economic diversification and the financial sector, which is a significant contributor to its gross domestic product.

The 5th World Entrepreneurs Investment Forum in Bahrain serves as evidence of the country's dedication to nurturing entrepreneurship, innovation, and sustainable economic growth. As stated by the organizers, "The forum will showcase Bahrain's commitment to sustainable growth and its utilization of innovative solutions to address global challenges in line with the Sustainable Development Goals." By bringing together key stakeholders and facilitating collaborations, Bahrain aims to create a conducive environment for entrepreneurs to thrive and contribute to the achievement of the SDGs.

Key Takeaways

• Bahrain to host 5th World Entrepreneurs Investment Forum on May 14-16, 2023.
• Forum to focus on nurturing entrepreneurship and innovation for sustainable development.
• Bahrain's commitment to sustainable growth evident in strong economic performance.
• IMF projects Bahrain's GDP growth to outpace global average in 2024.
• Forum to showcase Bahrain's innovative solutions to achieve Sustainable Development Goals.