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Bahrain has 1.5 million people. That’s small in many towns around the world, more less than other countries. In terms of place, the country Gulf in Persia Gulf Island is about 300 square miles.
But its size is not a disability, according to Noor al Khulaif, minister of lasting progress.
“The way we see it, Bahrain is the test of land for regional countries,” Al Khulaif said to wealthMost of the strong women summit the neighbor of Saudi Arabia last week.
The companies that have been divided by the Gulf Cooperation (GCC) -Which including Saudi Arabia, Kuwait, Qatar, Bahrain, and Oman-game-realite Bahrain for this purpose.
You can “come and try your idea on a small scale, and if it’s wrong, so, what it is, 1.5 million people – it’s never wrong,” he said. But if it succeeds, you get confidence about scaling it across the region, he said. “We’ve seen Bahrain as the GCC path.”
Al Khulaif, who also served as CEO of Bahrain Economic Development Board, said that small size also allowed tight cooperation.
“We never talked as a government, private sector, and society,” he said. “There is a team of Bahrain Ethos in the country, and we do this collective.”
It helps to explain how Bahrain’s economic transfer is more than effective oil.
“For us, oil is not even the largest sector of our economy, and has not been in the last two years now, and that is the result of a journey that has spread for decades,” he said.
However financial services are the largest sector, with DINTECH a large area of growth, he says. Creating, logistics, tourism, and technology is also important sectors.
Long time have many relationships with Saudi Arabia and learn to add a larger neighbor, it is connected by a path.
“We saw ourselves as Saudi service center,” said Al Khulaif.
If Saudi Arabia is to develop, for example, Bahrain will try to offer support tasks for that, such as a backing office, and finds our own part of the GCC economy. “
This story originally shown Fortune.com
