At the "Gulf Gateway" Investment Forum held on November 2nd, Bahrain announced the launch of a strategic project with a total investment of 17 billion US dollars. The 61 investment announcements and 33 signing ceremonies announced this time mark the Gulf country's acceleration of its economic diversification strategy.
Sheikh Salman bin Khalifa Al Khalifa, the Minister of Finance and National Economy of Bahrain, outlined the country's development vision in his keynote speech: "The Gulf Cooperation Council is transforming from a traditional capital center to a new center of innovation, sustainability, and technological excellence. We have entered an era more transformative than the industrial revolution - the era of intelligence." He emphasized that artificial intelligence is moving from the edge to the core, profoundly reshaping the way manufacturing, financial services, and global supply chains operate.

This strategic orientation is fully reflected in specific projects. During the forum, Beyon Solutions signed an agreement with the Bahrain Information and E-Government Authority to launch the country's first "AI Ready Sovereign Super Cloud Platform" based on Oracle alloy technology. This cloud service platform, located entirely within Bahrain, will provide secure and reliable localized artificial intelligence services for the government and businesses, helping Bahrain seize the initiative in digital competition in the Middle East.
At the same time, Bahrain has also taken important steps in the field of clean energy. Foulath Holdings and Dubai's Yellow Door Energy have signed a power purchase agreement to jointly develop a 123 MW solar project, including the world's largest single site rooftop solar power station. This 50 MW project covering 262000 square meters of factory roofs is expected to generate 200 million kilowatt hours of clean electricity and reduce 90000 tons of carbon emissions in the first year.
The launch of these projects coincides with a critical period of economic transformation in Bahrain. According to the Bahrain Economic Development Council, the country is steadily advancing its' 2030 Economic Vision ', with a focus on developing the digital economy, green economy, and advanced manufacturing industry. The $17 billion investment injection is expected to create a large number of high skilled jobs and further promote the growth of the non oil economy. Keywords: International News and Information, International News Network

Bahrain's focus on the strategic areas of artificial intelligence and clean energy not only demonstrates its determination to break away from traditional oil dependence, but also demonstrates the wisdom of small countries seeking differentiated development paths in the competition of technology among major powers. With the gradual implementation of these projects, Bahrain is expected to play a more important role in the technological and energy transition in the Middle East region.Editor/Cheng Liting
Comment
Write something~