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FinancialNews
08-03-17
Bahrain's non-oil growth hits 4.7pct in Q3, 2016
(MENAFN) Real growth in the non-oil sector of Bahrain's economy hit an annual rate of 4.7 percent in the third quarter of last year.
Additionally, this marked a notable acceleration from the 3.6 percent pace amid Q2, while among the first three quarters of 2016 the economy expanded by 3.6 percent.
The cited quarter saw Bahrain's non-oil economy gather momentum in spite of fluctuating oil prices and global volatility that has placed downward pressure on local and global growth.
Meanwhile, investment by the GCC Development Fund is a major element in the project pipeline, while the total value of projects that broke ground have more than doubled to USD3.1bn.
MENAFN0803201700450000ID1095298708
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