After achieving a region-leading economic recovery in the decade since political stability was established, future growth and industrialisation strategy will continue to be shaped by the National Development Plan 2021-25, which constitutes a holistic approach to achieving emerging market status and meaningful poverty reduction by 2030.
The manufacturing sector is the second-largest contributor to non-oil GDP, behind financial services. Some of the kingdom’s key industrial players have expanded their production capacity in recent years, significantly bolstering heavy industry and downstream potential, most notably in the aluminium segment. Aluminium is Bahrain’s biggest non-oil export, and Aluminium Bahrain (...
How do you assess the prospects for economic recovery, and what will be the main growth drivers for the aluminium segment?
With Russia’s invasion of Ukraine reigniting international debate about the pace of the global energy transition and the risks of relying on oil and gas imports from countries with opposing agendas, discussion in the Gulf is largely framed around how to extract maximum benefit from the remaining hydrocarbons wealth while also playing a...
The Industrial Sector Strategy 2022-26 was launched in late December 2021 as part of the national Economic Recovery Plan to help Bahrain recover from the economic slowdown brought on by the Covid-19 pandemic. The strategy focuses on increasing the sector’s contribution to GDP, expanding domestically produced exports and creating job...
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