In many respects 2014 marked the transition from strong recovery to promising growth for Dubai. With many exciting projects in the pipeline, not least the hosting of Expo 2020, the emirate is continuing to build on its reputation as a dynamic and international centre for business.
The islands of Bahrain have been drawing visitors to their shores for centuries. Known as Dilmun in The Epic of Gilgamesh and Tylos by the ancient Greeks, Bahrain today is one of the Gulf’s leading...
The tourism sector provides employment for Bahraini nationals across the kingdom in a number of roles, from management at hotels to taxi providers. As such the industry is seen as increasingly important in the government’s plan to expand the input and role of the national population in the local economy.
For the last 10 years the Bahrain Formula 1 Grand Prix has concluded with the winner being doused in waard, a local carbonated rosewater drink. In 2014 the tradition continued with the UK’s Lewis Hamilton being congratulated in this manner after winning the first-ever night...
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...
As the region faces up to the challenge of the recent drop in oil prices, Bahrain’s fundamentals indicate the kingdom is well positioned to weather the dip. The focus on diversification goals outlined in Economic Vision 2030 is helping establish a more competitive and sustainable economy in the kingdom. The financial sector, which represents Bahrain’s second-largest GDP contributor, has continued to recover robustly since the global economic downturn.
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