The Central Bank of Bahrain’s Governor, Khalid Humaidan, participated in the Shura Council’s ‘Towards Inclusive and Sustainable Economic Development’ forum, contributing to a panel discussion on national development efforts under Bahrain’s Economic Vision 2030. His remarks covered the Economic Recovery Plan, strategies to strengthen growth in priority sectors, and the Central Bank’s role in supporting sustainable economic growth. He highlighted that the financial sector contributes 17% of gross domestic product and employs around 14,800 people, and described it as a key sector for foreign direct investment. He linked the development of an innovative regulatory environment to greater investment in digital transformation, human capital, and skills development, and stressed the need for regulatory systems that balance stability and innovation. The Governor also pointed to Central Bank efforts to support financial system digitalisation through dedicated supervisory systems, enhanced payment and settlement efficiency, and high standards of governance, compliance and consumer protection, alongside the need to attract investors and strengthen technical infrastructure to improve the quality of financial services.
Central Bank of Bahrain 2025-05-18
Central Bank of Bahrain Governor sets out priorities for digital transformation and balanced regulation at Shura Council forum
Central Bank of Bahrain Governor Khalid Humaidan participated in a forum on Bahrain’s Economic Vision 2030, emphasizing the financial sector's 17% GDP contribution and role in foreign investment. He highlighted the need for an innovative regulatory environment for digital transformation and skills development, balancing stability and innovation. The Governor outlined efforts to support financial system digitalization and improve financial services quality through enhanced governance and infrastructure.