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Bahrain Best Practices for Sustainable Growth in the Fourth Industrial Revolution Age

المصدر: مجلة اتحاد المصارف العربية
الناشر: اتحاد المصارف العربية
المؤلف الرئيسي: Maad, Soha (Author)
المجلد/العدد: ع470
محكمة: لا
الدولة: لبنان
التاريخ الميلادي: 2020
الشهر: يناير
الصفحات: 59 - 66
رقم MD: 1052920
نوع المحتوى: بحوث ومقالات
اللغة: الإنجليزية
قواعد المعلومات: EcoLink
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المستخلص: This article considered best practice for sustainable growth in the fourth industrial revolution age in the kingdom of Bahrain. It highlighted the following key points: -Bahrain supporting infrastructure main characteristics are: -Bahrain is a small vibrant kingdom -Bahrain has a world renown friendly business environment -Bahrain is progressing towards digital globalisation in steady steps -Bahrain is developing its infrastructure to become digital gateway to gcc -Bahrain introduced major reforms to address the digital age challenge Bahrain ecosystem and innovation main characteristics are: -Bahrain is building a strong innovation ecosystem to embrace the fourth industrial revolution -Bahrain aims at becoming regional centre for innovation -Bahrain set four key innovation priorities -Bahrain offers a great startups support -Bahrain witnessed remarable startup growth Bahrain growth industries include -Emerging technologies: the kingdom of Bahrain is emerging as a regional leader in digital transformation. Various forms of emerging technolgies in Bahrain includes open banking, internet of things, blockchiain, data analytics, cloud computing, ewallet payment solutions, electronic know you customer (ekyc), artificial intelligence and robotics. -Financial technology fintech: the Kingdom of Bahrain is the most Established financial centre in the Middle east region due to its advanced Regulatory system and educated Workforce. Bahrain is putting in place The building blocks for a vibrant Fintech ecosystem. Bahrain leads the Region in nurturing and encouraging The growth of digital banking & Financial services. Bahrain is becoming One of mena’s fintech hubs. -Oil: Bahrain is developing its oilfield 4.0 where petroleum intersects the 4th Industrial revolution. -Urban design and smart cities: Bahrain Is trying to develop a new transport Linking all Bahraini cities. -Education: Bahrain is developing Education in the service of the fourth Industrial revolution. Future articles will consider best practices from Other countries, establish benchmarks and select Best practice model to be tailored and adopted by Various countries for sustainable growth in the fourth Industrial revolution age.

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