Economic vision: long-term plan
The article highlights the importance of an economic vision in achieving a lasting and sustainable transformation of Bahrain’s economy, shifting from reliance on resource rents to an economy based on investment, production, and innovation. It explains the components of the vision, such as defining economic identity, setting quantitative goals, and outlining the required achievements, with a focus on structural reforms and improving the business environment. It also emphasizes the necessity of accurately measuring performance and linking the vision to execution projects to ensure the achievement of goals over a period of 10 to 30 years. Additionally, the article provides examples of successful international visions, such as those of Saudi Arabia and the United Arab Emirates.
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