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Bahrain Economic Dev. Board CEO Al Khalifa on Bloomberg TV

BAHRAIN ECONOMIC DEV. BOARD CEO AL KHALIFA ON BLOOMBERG TV

JUNE 24, 2009

SPEAKERS: SHAIKH MOHAMMED BIN ESSA AL KHALIFA, CEO, BAHRAIN ECONOMIC DEVELOPMENT BOARD

MARK CRUMPTON, BLOOMBERG NEWS

(This is not a legal transcript. Bloomberg LP cannot guarantee its accuracy.)

MARK CRUMPTON, BLOOMBERG NEWS: Welcome back. The International Monetary Fund estimates economic growth in the Middle East will fall by 50 percent this year due to lower energy prices.

How is this affecting investments in the kingdom of Bahrain? We are joined by a member of the royal family, Shaikh Mohammed bin Essa Al Khalifa, who heads the Bahrain Economic Development Board, the agency responsible for formulating and overseeing the kingdom's economic development strategy. Your Excellency, welcome to Bloomberg News.

SHAIKH MOHAMMED BIN ESSA AL KHALIFA, CEO, BAHRAIN ECONOMIC DEVELOPMENT BOARD: Thank you.

CRUMPTON: The number from the IMF, that 50 percent drop, did that catch you by surprise?

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