His Royal Highness Prince Salman bin Hamad Al Khalifa, the Crown Prince and Prime Minister, yesterday (January 11) opened the new state-of-the-art headquarters of the Bahrain Institute of Banking and Finance (BIBF) located at the Bahrain Bay.

The 25,000-sq-m building boasts of key facilities including an auditorium, smart classrooms, high-tech computer labs, and the region's first simulated dealing room, reported BNA.

Equipped with the latest technologies, in tandem with updated academic and training programmes, the new HQ can accommodate 1,200 trainees at any given time.

Speaking at the launch, HRH Prince Salman highlighted the important role played by the banking and finance sector in supporting the kingdom's comprehensive development goals, led by His Majesty King Hamad bin Isa Al Khalifa.

He also emphasised that the inauguration of the new BIBF headquarters will contribute to the sector's development and benefit both the economy and Bahraini citizens.

HRH the Crown Prince and Prime Minister noted the importance of investing in Bahrain's workforce by providing quality opportunities and developing educational and training institution capabilities within the financial services sector.

This will enhance economic performance and efficiency, in accordance with the objectives of the Economic Recovery Plan and Bahrain Economic Vision 2030, he noted.

The opening ceremony was also attended by Central Bank of Bahrain Governor and Chairman of the Board of Directors, Rasheed Al Maraj.

The opening ceremony was attended by Central Bank of Bahrain Governor and Chairman of the Board of Directors, Rasheed Al Maraj.

In his address, Al Maraj highlighted that HM the King's Royal Directives and HRH the Crown Prince and Prime Minister's ongoing support is foundational to The BIBF achieving its vision.

He also emphasised that the BIBF's plans and programmes have been developed in accordance with The Economic Recovery Plan 2022-2026.

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