Industrial investment in Bahrain has traditionally been driven by the government, which has sought to develop national champions that can then expand abroad. One of these, Aluminium Bahrain, a smelting company in which the state holds a 77% stake, is not just one of the world’s top 10 producers of the metal; it has also become a household name,...
Along with finance, tourism and telecoms, the pharmaceuticals industry is one sector that the Bahraini government is keen to develop as part of a broader shift towards an economy less centred on oil. Perhaps the most visible symbol of this is the ongoing $1.6bn Dilmunia Health Island, which, when completed, is meant to turn Bahrain into one of...
Government moves to enact an ambitious infrastructure investment plan backed by financial assistance from the GCC’s $10bn Gulf Development Programme should support steady expansion of construction activity in Bahrain over the next few years, following a period of slower growth. The push to provide affordable housing has seen a host of new...
With the smallest geographic area and smallest population within the MENA region, Bahrain possesses a unique set of real estate market fundamentals. The kingdom has one of the GCC’s highest population densities, with the majority of its 1.2m citizens living in Manama and Muharraq, meaning obtaining land for new buildings can be a challenge. At...
Underpinned by a government-funded housing strategy, Bahrain’s residential construction segment has recorded solid expansion in recent years. The kingdom signed its first-ever real estate public-private partnership (PPP) in 2012, and established a new finance scheme in 2013, offering subsidised mortgages and bolstering private sector development...
Although recovery has been slower in Bahrain compared to some of its GCC neighbours, the kingdom’s real estate sector has made steady progress since 2013, with gains in the residential and retail markets demonstrating a gradual return of investor and developer confidence. While the office market remains oversaturated, with flat growth reported...
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