Bahrain economy expands 4.4 per cent in first three quarters of 2012

Bahrain's economy grew 4.4 per cent in the first three quarters of 2012 mainly driven by a strong recovery in the non-oil sector, and real full-year growth is estimated at 3.9 per cent, the Bahrain Economic Development Board (EDB) said on Tuesday.

The Gulf state's main economic sectors recorded a positive growth last year, said the EDB which is a public agency set up to attract investment and oversee the economic development of the small oil-producing country.

"Growth is also likely to pick up further in 2013 due to planned large-scale industrial investments and growth in infrastructure spending. The Bahraini economy is fairly resilient to external shocks and it is currently estimated that real GDP growth could exceed 6 per cent this year," the EDB said.

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