This chapter contains an overview of the tax framework in which local and foreign investors operate in Bahrain, including the new financial requirements that are set to affect banks’ financial reporting and the issues under the spotlight as the UK prepares to leave the EU.
This chapter contains a viewpoint from Ahmed Alsulaiman, Managing Partner, KSI – Bahrain Consultants &...
With the pending introduction of a national health insurance scheme, and an administrative transformation that promises to bind the kingdom’s hospital system more closely together to improve transparency, efficiency and patient care, the short-term prognosis for health care in Bahrain is positive. The government has devoted more of its national wealth to the sector than any of its Gulf...
The public education system of Bahrain is poised to mark its centenary in 2019, but the main focus in the country’s schools and universities is further in the future. New institutions are being built and opened in both the public and private sectors to serve young people from nursery age through to postgraduate study. According to international indices, Bahrain’s schools are outperforming many...
As a leading performer in Bahrain’s economy in 2017, the tourism and leisure sector has begun measuring its success and impact in billions of dollars. The kingdom expects to see annual tourism receipts of over $1bn by 2020, by which time over $1bn will have been spent on upgrading its international airport and a further $10bn on a raft of new luxury hotel developments. By the end of 2018 the...
Since the 1970s Bahrain has made a concerted effort to diversify its economy, with efforts visible in the vibrant manufacturing segment and from the growth of the kingdom’s heavy industries. Despite the drop in state revenues due to lower global oil prices in recent years, Bahrain continues to invest in its industrial sector, notably with the $3bn expansion of Aluminium Bahrain, which will see...
While 2017 saw the construction sector’s rapid growth slow somewhat, Bahrain has an impressive pipeline of projects lined up for the next few years. A strong focus on transportation and industrial infrastructure, as well as the construction of tens of thousands of affordable housing units, is expected to be among the key drivers of growth for the sector in the near future, with much of this...
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