Bahrain’s largest oil producer and exporter in the Middle East still looking for positive economic growth to bear fruit despite the global slowdown in commodities as it runs out of oil, said Shaikh Salman bin Hamad Al-Khalifa, CEO of Economic Development Board interviewed by CNBC during the World economic forum today.

It expects to run out of its oil reserve in 10 to 15 year from now, which has 10 percent of revenues from its oil and natural gas and provides 74 percent to the government.

The World Economic Forum takes place from May 15-17, 2009. Themed “Implications for the Global Economic Crisis for the Middle East: Home Grown Strategies for Success,” to discuss Regional and Human Security, The ‘Right’ Rescue Package for the Middle East, and The Middle East G20 Imperative.