Bahrain's economic growth is set to continue for the foreseeable future, thanks largely to ongoing increases in labour productivity and a commitment to producing a well-educated national workforce.

That is according to a new report from the international economic monitor, the Conference Board.

Research carried out for the Growing Beyond Oil report found that Bahrain currently boasts the most diverse economy within the Gulf nations, while capital has played a relatively minor role in the recent success, with growth instead driven by investment in the national workforce.

Furthermore, its liberal economic and social policies have made it an attractive option for international companies, with oil and gas operators drawn to this as well as the country's proximity to Saudi Arabia and other large oil-producing nations.

"These findings show the strides Bahrain has made in economic diversification, education and labour market reform," noted Bahrain Economic Development Board chief executive Shaikh Mohammed bin Isa Al Khalifa in an interview with the Gulf Times.

"Bahrain is proud of its record as a leading destination for business and finance and we will continue to forge a diverse, vibrant economy fully-equipped for the demands of the global economy in the 21st century."

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