reports said. The country’s economy is reviving faster than expected.
It is reported that the country’s non-oil sectors which were seriously hampered by the pandemic are performing better. The data has been revealed by Bahrain’s finance and national economy ministry. Furthermore, there is a boost in the sales of non-essential goods. In June, the sales recorded 12 percent growth, while it stood at 28 percent in July. During the same period, the sales at food outlets surged by 9 percent and 15 percent, respectively.
The country’s exports also grew by 2 percent in June and 12 percent in July. The figures outlined by the government also indicates that visitors to shopping malls increased by 20 percent in June and 30 percent in July.
Individual registrations for commercial rent grew by 109 percent in June and 4 percent in July. The corporate CRs grew by 59 percent and 7 percent during the same period. In the field of real estate, transactions surged by 55 percent in July followed by 19 percent in July. Building permits increased by 124 percent in June which is more than double as compared to the same period in 2019.
The committee operating government hospitals has been reformed. According to the government, a new chief executive will be designated to manage three directorates affiliated with the board.
In the cabinet session this week, Bahrain’s higher authorities; the King and his team members have discussed the current economic situation.