Bahrain seeks to attract investment with new golden licence for companies

Bahrain on Monday said it was introducing a new “golden licence” offering benefits to companies bringing large-scale investment projects to the small Gulf state as it seeks to reduce its debt. The move is part of an economic recovery plan launched by the oil producing state in October 2021 to boost growth and job creation. “Companies with major investment and strategic projects that will create more than 500 jobs in Bahrain, or those with investment value exceeding $50 million, will be eligible for the license,” the government’s media office said. The golden license will be offered to local and foreign…