With a long history as a pioneer in the Gulf region, Bahrain was the first country to discover oil in the 1930s. It was also the first to face the issue of declining reserves, replacing reliance on hydrocarbons by developing one of the first heavy industries in the region, Aluminium Bahrain (Alba), in the mid-1960s. During the 1970s and 1980s the...
Following the boom years of 2003-08 and the subsequent downturn in the midst of the global financial crisis, the Bahraini construction sector is once again beginning to show signs of growth. The sector was first hit by the 2008 financial crisis, which was compounded later by social unrest in Bahrain. Similar to the experience of nearly every other...
As part of its economic diversification strategy, Vision 2030, Bahrain is planning to develop an internal public transport network and to build rail connections to both Saudi Arabia and Qatar. Bahrain’s Ministry of Transport is in the process of finalising the country’s railway master plan, which was due to be completed by the end of 2012, but no...
How competitive is project financing in the kingdom, and what do you identify as the most significant challenges in securing financing?
Foreign direct investment (FDI) forms a key plank of Bahrain’s development strategy. On its own, the size of the country means that both the internal market and its ability to provide capital are limited. At the same time, Bahrain has less oil and gas reserves than many of its neighbours, and as such, is looking to diversify its economy away from...
With a growing number of ports throughout the region, how does Bahrain plan to maintain its competitive advantage as a trans-shipment centre?
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