Bahrain's Economy Achieves Growth of 2.4%

Bahrain’s Gross Domestic Product (GDP) registered an annual increase of 2.4 percent in 2023. Asharq Al-Awsat
Bahrain’s Gross Domestic Product (GDP) registered an annual increase of 2.4 percent in 2023. Asharq Al-Awsat
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Bahrain's Economy Achieves Growth of 2.4%

Bahrain’s Gross Domestic Product (GDP) registered an annual increase of 2.4 percent in 2023. Asharq Al-Awsat
Bahrain’s Gross Domestic Product (GDP) registered an annual increase of 2.4 percent in 2023. Asharq Al-Awsat

Bahrain’s Gross Domestic Product (GDP) registered an annual increase of 2.4 percent in 2023 to hit 13.66 billion dinars ($36.24 billion), official data showed.

National accounts estimates issued by the Information and eGovernment Authority (iGA) also showed that financial projects are among the largest non-oil sectors contributing to the real GDP with 17.8%, followed by the manufacturing industry with 13.6%.

According to preliminary national accounts estimates, the sectors with the highest non-oil growth were the hotels and restaurants sector, with a growth rate of 8%, followed by government services with a growth rate of 6%, and then financial projects with a rate of 5.7% at constant prices.

Comparing the estimates of the fourth quarter of 2023 with the corresponding quarter of 2022, there was a positive growth in GDP estimated at 3.45% and 3.36% at constant and current prices, respectively. The non-oil sector recorded a growth of 4.03% at constant prices and 3.89% at current prices.

Comparing the economic performance of the fourth quarter of 2023 with the third quarter, there was a real growth in Bahrain's GDP by an estimated rate of 4.61%. This is due to the rise achieved by the non-oil sector of 5.14% at constant prices and 6.19% at current prices.



King Abdulaziz International Airport Sees Inauguration of 70 E-Gates

The new system significantly boosts the airport’s capacity, enabling it to serve up to 175,000 travelers per day - SPA
The new system significantly boosts the airport’s capacity, enabling it to serve up to 175,000 travelers per day - SPA
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King Abdulaziz International Airport Sees Inauguration of 70 E-Gates

The new system significantly boosts the airport’s capacity, enabling it to serve up to 175,000 travelers per day - SPA
The new system significantly boosts the airport’s capacity, enabling it to serve up to 175,000 travelers per day - SPA

Deputy Governor of Makkah Region, Prince Saud bin Mishaal bin Abdulaziz, inaugurated on Tuesday the new e-gates system at King Abdulaziz International Airport in Jeddah.

The system includes 70 e-gates designed to enhance travel efficiency by automating check-in and departure procedures, providing a smoother and more convenient airport experience.
According to SPA, the initiative leverages modern technologies and artificial intelligence to facilitate faster and more secure passenger processing.

The e-gates are distributed across Terminal No. 1 and the Executive Office facilities, each capable of handling up to 2,500 passengers. This system significantly boosts the airport’s capacity, enabling it to serve up to 175,000 travelers per day.
King Abdulaziz International Airport is the third in Saudi Arabia to implement the e-gate system, following its successful deployment at King Khalid International Airport in Riyadh and Neom Bay Airport.

The expansion of this advanced system aligns with the Kingdom’s commitment to enhancing airport efficiency, passenger convenience, and technological innovation in line with Vision 2030.