With increasing oil and gas prices and an expanding non-oil sector, Saudi Arabia has been logging record trade surpluses in recent years, while securing government revenue for future investment. Saudi Arabia is expected to be among the fastest-growing economies in the G20 in 2022 – and the Kingdom was on track to fulfil that forecast by the middle of the year. Indeed, in the first three months...
The Middle East
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Saudi Arabia has undergone significant reforms to foster growth and diversification. While some initiatives were delayed during the Covid-19 pandemic, progress in areas such as the digital economy accelerated. Aided by elevated oil prices in 2022, strategies underlined in Vision 2030 continue moving forwards, and the Kingdom today presents ample opportunities for foreign investors, underpinned by efforts to boost private sector participation in the economy.
The Guide contains listings of accommodation options throughout the capital city for both business and leisure travellers. Helpful information is provided on visa regulations and business etiquette, as well as public and private transport options for navigating the country during your stay.
Bahrain is now home to a rapidly evolving tax landscape, with several notable tax and reporting regulations introduced since 2017. The country is well established as a financial centre in the region, and in recent years the authorities have diversified the economy to include technology, manufacturing and logistics. Bahrain welcomes overseas investment, allowing 100% foreign ownership in many...
Chapter | Education & Health from The Report: Bahrain 2022
Education and health care are important policy priorities in Bahrain’s wider drive to develop a knowledge-led economy. As the first country in the GCC region to introduce government-sponsored education, in 1919, Bahrain has a long track record of public instruction and a robust private education ecosystem that has developed in the subsequent years. Fostering the next generation of local talent...
With a relatively small but sophisticated market, Bahrain’s ICT sector is an important driver of export growth in the country, thanks to the scalability of software and services and supportive government policy. As the kingdom looks to capitalise on the digitisation gains made before and during the Covid-19 pandemic, economic recovery plans centre around further ICT development and...