Bahrain’s Economic Development Board (EDB), which recently partnered with the Singapore Fintech Consortium to drive fintech development in the kingdom, is confident in developing itself as a regional centre for financial technology and a gateway for enterprises that are keen to tap the capital markets and economic opportunities of the Middle East.
This development comes amid a wave of initiatives by countries in the region to transition to a post-oil economy, as shown by the UAE. The Kingdom of Bahrain has been engaged in an overhaul of its economy as it attempts to diversify its economy amid a continued slump in oil prices.
