By almost any accounting, Bahrain’s tourist trade weathered a difficult year in 2011; however, not all of the Kingdom’s tourism segments were affected, nor have the fundamental strengths that have made it a leading destination for business travel been damaged. Indeed, Bahrain’s performance and outlook as a site for meetings, incentives, conferences...
As the first country in the region to exploit its oil resources, Bahrain has long had a reputation as an early mover in the Gulf. Its information technology (IT) sector is no exception, with the first mainframe computer in the region installed by Bahrain Petroleum Company (Bapco) in 1962. Following this pioneering trend, Bahrain was the first GCC...
With a large supply of residential, office and commercial space having come onto the market in recent years, the real estate sector in Bahrain is going through a period of transition as it works to absorb excess capacity. While development has slowed, financing has become easier for developers to obtain, thanks to higher levels of liquidity in...
What is BaPDA doing to ensure the long-term sustainable development of the real estate sector?
As in many other GCC countries, the mortgage market in Bahrain was once almost exclusively the domain of the state-owned housing bank. However, this has changed over the last decade, following the 2001 constitutional amendment that allows for foreign freehold ownership of certain types of real estate. Today, more than a dozen retail banks, including...
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