While the kingdom prides itself on offering tax-free incentives to businesses, it has also been developing industrial zones with added benefits for foreign investors, including contracts protecting tenants against future tax changes and, in some cases, bonded warehousing, which provides companies with certain exemptions from paying import duties.
As part of the kingdom’s long-term development strategy, private sector investment and innovation is set to play a key role in Bahrain’s future prosperity. The country has a long history of trade and has created an attractive environment for companies wishing to invest and establish a base from which to do business in the Middle East and beyond.
Despite the gradual economic recovery seen in the US and parts of Europe, the GCC has witnessed strong growth in recent years, and Bahrain is no exception. With its main stock market index reaching a three-year high in mid-2014, and spending on infrastructure anticipated in the second half of the year, there has been a renewed sense of confidence and cautious optimism...
NATIONAL CHARACTER: Compared to other Gulf states, Bahrain is considered one of the more liberal and progressive societies in the region. Its culture embraces a unique fusion of Arab tradition and modernity. Although highly receptive to international cultures, as evident by the substantial population...
The Economic Development Board (EDB), the kingdom’s investment agency, reported in February 2013 that one of the most important tasks for the economy is to develop more labour-intensive industries. While it has a relatively diversified economy, Bahrain still relies heavily on its hydrocarbons sector, which does not provide significant employment...
The rapidly expanding population presents Bahrain with a number of challenges, including the need to provide more housing, transport infrastructure, utilities, educational opportunities, health care and food over the coming years. The kingdom will not have to meet these needs alone, however, as several of its neighbours in the GCC are providing...
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