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Wed 11 Sep 2019 02:33 PM

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Bahrain Economic Development Board names new CEO

Khalid Humaidan says aiming to contribute to 'next phase of Bahrain's economic growth'

Bahrain Economic Development Board names new CEO
Khalid Humaidan.

The Bahrain Economic Development Board (EDB), the investment promotion agency tasked with attracting investment into the kingdom, on Wednesday announced Khalid Humaidan as its new chief executive.

Prior to joining the EDB, Humaidan, a Bahraini national, was the head of global markets MEA at BNP Paribas and has over 20 years of experience working in capital markets.

He currently serves on the board of Mumtalakat, and until his appointment as CEO, sat on the EDB’s board from 2014.

Humaidan said: “At a time of rapid shifts in the global economy, the key to our prosperity lies in the rapid adoption of new trends and innovation – as well as strong partnerships between the public and private sector.

"I look forward to contributing to the next phase of the Kingdom's economic growth and forging even stronger ties with our partners."

He said Bahrain is increasingly the destination of choice for businesses – from global tech leaders to innovative startups – seeking access to the growing $1.5 trillion Gulf market.

In the last two years alone, the EDB said it has worked closely with Amazon Web Services, who recently opened the region’s first hyper-scale data centre in Bahrain, and confectionary giant Mondelez, who chose Bahrain for their sixth global mega plant.