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359030
Wed, 03/04/2015 - 08:05
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Bahrain among top 30 OIC economies in GIIG2015 report

Manama, Marc. 3 -- (BNA): Bahrain has been ranked among the top 30 OIC economies in the 2015 Islamic Growth Markets Investment Index. The in-depth new report on Islamic growth markets reveals the investment potential across the 57 OIC countries is ‘well above world average. The report also creates for the first time an investment index ranking OIC members’ investment potential linked to key sectors across the region. 57 Organization of Islamic Cooperation (OIC)-member countries representing a GDP (current) in 2013 of $6.7 trillion are projected to grow 2015-19 at a higher rate (5.4%) than rest of the world (3.6%) or BRIC nations (3.9%.). The top OIC sector clusters identified are: Energy, Food & Agriculture, Electronics, Travel & Transportation, Metals, Chemical & Allied, Plastics/Rubber, Textiles & related, Infrastructure & Construction, and Health Products & Services. Manama xx February 2015: Thomson Reuters, the world's leading provider of intelligent information for businesses and professionals, in partnership with Dinar Standard, an Islamic markets research & advisory firm, presented the key findings of Islamic Growth Markets Investment Report 2015 during the Global Islamic Investment Gateway conference in Bahrain. Bahrain was ranked 18th in the 2015 Islamic Growth Markets Investment Index which ranks countries investment potential relatively within the OIC member country grouping. The Index is based on a set of nine metrics covering the categories of a country's growth fundamentals, growth momentum, investment momentum and relative country risk. Indonesia showed the strongest growth fundamentals among the top three having the highest population (249 million, 2013) and GDP ($870 billion, current US$, 2013), while Malaysia the strongest growth and investment momentum (217% FDI inflows growth 2009-13). GCC economies led by UAE are also on the top ten list including Qatar and Saudi Arabia. Other markets on the top 10 include Kazakhstan, Egypt, Turkey, Morocco, and Mozambique. Dr. Sayd Farook, the Global Head of Islamic Capital market at Thomson Reuters said: "The purpose of the Islamic Growth Markets Investment Report 2015 is to present a new view of looking at investment opportunities across the OIC member countries (57 member mostly Muslim majority.) Focused on fast growing consumer driven sector clusters of Food, Retail, Tourism, Health and others, as well as government spending driven infrastructure & construction, the Report addresses a gap of looking at investment opportunities across the full geographic spectrum of these growth markets and their global value chain," Courtesy: Global Islamic Investment Gateway (GIIG)

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