Bahrain's non-oil sector grows by 4.7%

Bahrain's non-oil sector grows by 4.7%

Bahrain - Decypha: Bahrain's non-oil sector, according to official figures, has achieved a real growth rate of 4.7% in the third quarter (Q3-16), increasing from the previous quarter's 3.6%, reported Arabian Business.

Growth in 2015 as a whole hit 2.9%, which shows that despite fluctuating oil prices effect on the region's economy, the country's non-oil sector has gathered momentum. 

The sector growth is attributed to expansions in several industries, especially in construction and financial services.


By Decypha News Editorial Team

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Source: Decypha