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23-10-18
EDB Bahrain claims UN award for investment promotion
(MENAFN) The UN Investment Promotion Awards (IPAs) has been presented to EDB Bahrain, as it demonstrated impressive performance in increasing investment.
The IPAs is awarded for the capability to strengthen investment for countries to be able to realize the Sustainable Development Goals (SDGs).
The award was granted during the opening of the 2018 World Investment Forum, of which the United Nations Conference on Trade and Development (UNCTAD) managed.
The Bahraini agency claimed the award, alongside agencies from India, Lesotho, and South Africa, for luring a major regional data center which is expected to offer cloud computing services.
UNCTAD's director of investment and enterprise James Zhan stated: "the award-winning agencies show that by mainstreaming the SDGs, IPAs can make a valuable contribution to social and economic development."
MENAFN2310201800450000ID1097606004
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