This chapter contains an outline of the legal framework in which local and foreign investors operate, including a review of the effects that new labour legislation will have on employers, an examination of corporate law in Bahrain and a look at a proposed law to address the threat of cyber crimes.
This chapter contains a viewpoint from Qays H Zu’bi, Senior Partner, Zu’bi &...
Privatisation and liberalisation initiatives have led to increased competition in the Bahraini telecoms sector in recent years, making it one of the most dynamic in the kingdom’s economy, with telecommunications accounting for roughly 4% of GDP in 2012. Mobile penetration stood at 166% in 2013, well above the regional average of 110% and the global average of 96% while the roll out of 4G long-...
Bahrain was the first country in the region to start developing universal education and today this continues to form a central tenet of government policy. The World Economic Forum currently ranks Bahrain 48th worldwide in terms of the quality of its education system, and the kingdom has a literacy rate of 91%. In June 2014 the Higher Education Council approved Bahrain’s first National Strategy...
Tourism’s total contribution to Bahrain’s GDP reached $3.26bn, or 10.2% in 2013, with this is expected to increase by 7.6% in 2014 and then by 5% each year until 2024. Continued investment in infrastructure will help drive future growth in the sector, with the $980m expansion of Bahrain International Airport due to increase capacity to 13.5m passengers per year. Meanwhile, plans to expand the...
Industry in Bahrain continues to grow as increasingly low borrowing rates, particularly for manufacturing, demonstrate banks’ willingness to finance projects in the sector. Bahrain’s manufacturing sector accounts for 15% of GDP making it the country’s third-largest economic contributor after hydrocarbons and financial services, and is expected to reach 20% of GDP within the next decade. The...
The residential segment is well on its way to returning to pre-2009 levels of growth, with the volume of real estate trading expanding by 30% in 2013 and total value of transactions reaching $2.28bn, compared to $1.76bn in 2012. State-funded housing projects are expected to drive expansion, with the government signing its first-ever housing public-private partnership agreement in 2012....
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