The Bahrain Economic Development Board (EDB) — the investment promotion agency tasked with attracting investment into the country — has announced the appointment of its board member, Khalid Humaidan as chief executive, effective immediately.
Prior to joining the EDB, Humaidan, a Bahraini national, was the head of global markets MEA at BNP Paribas. He has over 20 years of experience working in capital markets and currently serves on the board of Mumtalakat, and until his appointment as chief executive, sat on the EDB’s board from 2014.
Humaidan said: “At a time of rapid shifts in the global economy, the key to our prosperity lies in the rapid adoption of new trends and innovation — as well as strong partnerships between the public and private sector.”
The work of the Bahrain Economic Development Board has brought a range of world-class companies to the country through a forward-thinking approach that combines agility, a strong entrepreneurial ecosystem, and co-ordinated action. Having spent more than 20 years in finance, I look forward to contribute to the next phase of the country’s economic growth and forging even stronger ties with our partners.”