Bahrain : His Royal Highness Prince Salman bin Hamad Al Khalifa, the Crown Prince and Prime Minister, today chaired the weekly Cabinet Meeting at Gudaibiya Palace.
The Cabinet highlighted the outcomes of the meeting held by His Majesty King Hamad bin Isa Al Khalifa and the Custodian of the Two Holy Mosques, King Salman bin Abdulaziz Al Saud. The Cabinet lauded the meeting for strengthening the everlasting relations of cooperation and coordination between both countries.
The Cabinet also highlighted the meeting held between HM the King and the Crown Prince, Deputy Prime Minister and Minister of Defence of Saudi Arabia, His Royal Highness Prince Mohammed bin Salman bin Abdulaziz Al Saud. In this regard, the Cabinet noted Saudi Arabia’s pivotal role in consolidating regional security, stability, and peace.
The Cabinet noted that the mediation led by HRH Prince Mohammed bin Salman is a leading diplomatic and humanitarian initiative to settle regional and international disputes by diplomatic means and support regional and global peace and stability. In this regard, the Cabinet noted the success of the Saudi mediation in releasing 10 prisoners as part of the prisoner exchange process between Russia and Ukraine.
The Cabinet then commended Team Bahrain’s efforts to implement the Economic Recovery Plan, and noted its positive contribution to the Kingdom’s economic growth. The Cabinet thanked those who contributed to the Kingdom’s economic success and urged them to continue development efforts with the same determination.
The Cabinet then discussed a memorandum submitted by the Minister of Finance and National Economy on the Kingdom of Bahrain’s quarterly economic report for Q2 of 2022. The report outlined the outcomes of implementing the Economic Recovery Plan, as Bahrain recorded remarkable growth during the second quarter of 2022 YoY.
The quarterly report shows that the total Real GDP grew by 6.9% in Q2, the highest YoY growth rate since 2011, while the non-oil sector grew by 9%. The report also revealed positive economic growth driven by the strong performances of the non-oil sectors thanks to the Economic Recovery Plan.
The Cabinet discussed several memorandums during the meeting with the following outcomes:
The approval of the following memorandums:
1. A memorandum by the Ministerial Committee for Legal and Legislative Affairs on developments regarding the
executive mechanisms of the decree-law on the Electronic Transferable Records Law.
2. A memorandum by the Minister of Housing and Urban Planning regarding the continued implementation of the
strategy for infrastructural development and social services in the new housing projects.
3. A memorandum by the Ministerial Committee for Legal and Legislative Affairs on the government’s response to four proposals submitted by the Council of Representatives.
The Cabinet then reviewed a memorandum by the Ministerial Committee for Legal and Legislative Affairs regarding the unified framework of cooperation between the Ministry of Electricity and Water Affairs and government agencies on technical support in the fields of renewable energy and energy efficiency.
The Cabinet also reviewed a memorandum by the Minister of Cabinet Affairs regarding the implementation of the Government Priority Framework 3.0. Each minister was directed to develop an executive plan for the remaining 23 projects within the framework, which aim to achieve financial sustainability and development.
The Cabinet then took note of ministerial reports regarding foreign participation of the Ministers and the visits of foreign delegations to the Kingdom of Bahrain in October 2022, as well as the first Bahrain International Medical Conference for AIDS, and participation in the 52nd session of the Arab Information Ministers’ Council, held in the Arab Republic of Egypt.
