Bahrain’s Ministry of Transportation and Telecommunications in June selected French technology company Thales and Switzerland’s telecoms services firm SITA as providers of Bahrain International Airport’s new security and operations management system.
Late March saw the Bahrain Bourse (BHB) inaugurate the Bahrain Investment Market (BIM) – an alternative source of financing for growing businesses in the kingdom and the wider MENA region.
A reliable regulatory framework, abundant regional capital and good support infrastructure helped Bahrain deliver solid growth for its asset management sector last year.
A rising tide of investments and solid increases in arrivals are supporting high levels of growth in Bahrain’s tourism industry, with projections that expansion will be sustained to the end of the decade and beyond.
At the end of 2016 the government reaffirmed its commitment to Bahrain’s $32bn infrastructure pipeline as a key driver of economic growth.
An improved business environment in Bahrain could significantly enhance the economic contribution of smaller-scale enterprises, as local start-ups continue to ink deals with international companies, though weaknesses in key areas risk hindering entrepreneurial development.
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