CNN —
Like many other Middle Eastern economies, Bahrain has been trying to move away from its dependence on fossil fuels. In 2000, oil and gas made up 44% of its GDP; now that figure is 16%.
“Economic diversification is as old as time,” Shaikh Salman bin Khalifa Al Khalifa, Bahrain’s Minister of Finance and National Economy, told CNN’s Richard Quest at Gateway Gulf, a gathering of business professionals, government officials and investors held this week in the country, under the theme “Investing in a Rapidly Transforming Region.”
“Bahrain was always a trading hub
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