Bahrain has officially been appointed to the Presidency of the Digital Cooperation Organization (DCO), the global, multilateral organization dedicated to accelerating the inclusive growth of the digital economy to create digital prosperity for all.
Mohamed bin Thamer Al Kaabi, Minister of Transportation and Telecommunications, Kingdom of Bahrain, will become the new Chairman of the Council of the DCO.
As represented by the Ministry of Transportation and Telecommunications (MTT), Bahrain will oversee the strategic direction of the DCO for the coming year and support the ongoing execution of the key initiatives and programs that have been launched by the DCO.
The Kingdom of Bahrain has strong ambitions to be a regional leader in the digital economy and has implemented a number of projects and initiatives to create the foundation for digital growth. The government of Bahrain has developed a robust regulatory environment, including personal data protection, data jurisdiction, intellectual property and eTransaction laws to support the Kingdom’s digital economy. The country ranked in the Very High scoring category of the 2022 United Nation’s E-Government Development Index (EGDI) 2022.
Bahrain has also developed advanced FinTech policies, and its FinTech Bay is one of the leading centers for innovation in financial technology for MENA region. Amazon Web Services also chose Bahrain as the home of their new hyperscale Cloud Region, their first in the Middle East and North Africa.
Deemah Al Yahya, Secretary-General of the DCO, said, “We are very pleased to announce that the Kingdom of Bahrain has been ratified to the Presidency of the DCO for 2023.”
The ascension of Bahrain to the Presidency of the DCO was ratified during the second DCO General Assembly which took place in Riyadh, Saudi Arabia, on 5th of February.
The General Assembly, the first-ever in-person meeting of all of the DCO nations, brought together Member States, along with Observer Partners and other stakeholders, in a forum for dialogue, knowledge sharing and cooperation on building effective and inclusive digital economies.
As the holder of the Presidency, Bahrain will host the next General Assembly.