Being a short distance from more populous nations means Bahrain’s retail sector is strongly linked to tourism, with many visitors coming to the kingdom for the express purpose of shopping. Around 11m people drive across the King Fahd Causeway between Saudi Arabia and Bahrain every year, and according to a tourism survey for the third quarter...
The kingdom is set to see a number of residential, retail and hospitality properties launched in 2017 as the country’s real estate sector pushes ahead with new developments. The macroeconomic issues affecting the country and its GCC neighbours, as governments in the region trim expenditure in response to the global slump in oil prices, do not...
With a raft of measures aimed at improving infrastructure, industry, housing and connectivity, the government of Bahrain has a $32bn investment strategy to accelerate economic diversification in the kingdom, providing abundant opportunities for the country’s construction sector. Even against a backdrop of falling oil prices that has seen the...
In May 2016 nogaholding, the investment arm of the National Oil and Gas Authority (NOGA), signed a $570m credit agreement allowing it to move ahead with a $5bn overhaul of the country’s existing refining facility. This move would boost output capacity to 360,000 barrels per day (bpd), up from the 276,676 bpd produced in 2015. Bids were...
Although its revenues from oil and gas have fallen, the government of Bahrain is ploughing new investment into the kingdom’s energy sector in the hopes that the broader economy will reap the benefits in the years to come. This counter-cyclical spending is designed to allow a significant increase in refinery capacity and a more secure supply of...
The wide array of local and international insurance companies that operate out of Manama have flourished in a regulatory environment that has allowed them to serve the small domestic market while simultaneously extending their operations regionally. A history of sound prudential oversight has protected them from the series of economic shocks...
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