Manama, Feb. 19 (BNA): The newly-launched Golden Visa will further Bahrain’s standing as an attractive destination for leading investors, businessmen and talented people, said Labour Market Regulatory Authority (LMRA) Chief Executive Officer H.E Mr. Jamal Abdulaziz AlAlawi high.

The move was announced during the Cabinet meeting, chaired by His Royal Highness Prince Salman bin Hamad Al Khalifa, the Crown Prince and Prime Minister, as part of Bahrain’s economic recovery policy.

AlAlawi commanded the initiative which, he said, will have a positive impact on the labour market and bolster Bahrain’s ability to attract economic, investment and business competences.

“Bahrain leads in the region as a premium destination for living and residency for expatriates, according to international reports, in terms of quality of living, ease of stability, average cost of life, and other factors”, he said.

He underlined the authority’s support to the efforts undertaken by competent government agencies, particularly the Interior Ministry’s Nationality, Passports and Residence Affairs (NPRA).