Crown Prince of Bahrain to lead Davos delegation

Published January 26th, 2010 - 10:06 GMT

A Bahrain delegation led by Prince Salman Bin Hamad Al Khalifa, the Crown Prince of Bahrain and Chairman of the Kingdom’s Economic Development Board (EDB), will arrive in Davos, Switzerland, today for the 40th World Economic Forum (WEF) Annual Meeting.

The global summit, which takes place from 27-31 January, will be a timely gathering of the foremost global leaders for whom reviving economic growth remains a priority.  Themed “Improve the State of the World: Rethink, Redesign, Rebuild”, the event is a call to action, seeking to encourage global cooperation across business, government, the media, science, religion, the arts and civil society in an effort to shape the global agenda for 2010.

The Bahrain delegation includes senior figures from the Government of Bahrain, the EDB and the private sector.  His Royal Highness the Crown Prince is one of three members of the delegation speaking in a high level session at the event:

·         “Rethinking Market Capitalism”
His Royal Highness the Crown Prince will contribute to a discussion on what elements of market capitalism should be rethought in light of the global recession
·         “Creating Jobs and Strengthening Social Welfare”
His Excellency Shaikh Mohammed bin Essa Al Khalifa, Chief Executive of the EDB, will speak on what can be done to assist countries seeking to increase job creation
·         “Wanted: Capital”
Talal Al Zain, Chief Executive Officer, Bahrain Mumtalakat Holding Company, will offer his thoughts on how businesses can finance capital investments in an era of global deleveraging.

Shaikh Mohammed said: “We are here to address some of the foremost challenges on the global agenda; to propose a move towards the principles of sustainable growth in a re-set world.”

Last year, Shaikh Mohammed addressed Davos 2009 (January), WEF on the Middle East (May) and Summer Davos in Asia (September), saying Bahrain’s prudent financial regulation and combination of tradition and reform – both based on ethical values – deserves a second glance.

Bahrain has taken a number of domestic measures designed to strengthen the long term sustainability and prosperity of the Kingdom, including a prudent fiscal and monetary approach, long term strategy of economic diversification and tried and tested regulatory framework with a commitment to the highest international standards.  This approach is enshrined in Bahrain’s Vision 2030 and National Economic Strategy, both committed to maintaining the optimum business environment that will attract foreign investment and ultimately elevate national living standards by creating greater opportunities for Bahrainis.

Other members of the Bahrain delegation include:

·         Shaikh Ahmed bin Mohammed Al Khalifa, Minister of Finance/ Chairman of Bahrain Mumtalakat Holding Co.
·        Dr. Nazar Al Baharna, Minister of State, Ministry of Foreign Affairs
·       Rasheed Al Maraj, Governor of the Central Bank of Bahrain (CBB)
·         Nada Haffadh, Member of the Consultative Council of Bahrain 
·          Dr. Essam Fakhro, Chairman of the Chamber of Commerce and Industry
·         Samer Al Majali, CEO, Gulf Air
·         Elham Hassan, Country Senior Partner, PriceWaterHouseCoopers
·         Shaikh Khalifa bin Daij Al Khalifa, President of the Court of the Crown Prince of Bahrain
·         Steve Harrison, Executive Director, EDB

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