Against a backdrop of weaker hydrocarbons prices, Bahrain is stepping up counter-cyclical downstream investments aimed at boosting energy and economic security.
Bahrain
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Economic update | Bahrain ramps up energy spending
13 Nov 2015
Large-scale investment in Bahrain’s infrastructure is under way to increase passenger-handling capacity at the country’s international airport, alongside efforts to expand ancillary services.
Thanks to robust non-oil sector growth and ongoing regional investment in infrastructure development, Bahrain’s banks are proving more resilient than expected during this period of lower oil prices.
Lower oil prices are likely to moderate Bahrain’s economic growth this year, though a strong non-oil sector, along with a sustained programme of state investment, should underpin GDP expansion into 2016 as oil markets await renewed demand.
On June 10, Aluminium Bahrain (Alba) announced it had been granted approval to begin work on a new production line, with the project set to make the plant the world’s largest single-site smelter when completed in 2019.
A push to bring new products and services to the stock market is being steered by the Central Bank of Bahrain (CBB), which regulates the country’s financial services industry.