Despite its small size, Bahrain is a major business hub in the GCC region. It is also home to regional bases of some of the largest Chinese corporations. The government of Bahrain seeks to attract foreign investment through a liberal approach. Consequently, Bahrain’s investment climate is relatively stable. The country’s economy is highly dependent on petroleum and gas. However, non-oil sectors contributed over 80% of Bahrain’s GDP in 2018.
Bahrain’s economy is very diverse, with a high concentration of state-owned enterprises and a low level of private sector involvement. Despite these trends, the government is still committed to building a private sector that can drive long-term, sustainable economic growth. Bahrain is currently undergoing a number of significant public and private sector investment projects. These include the development of a master-planned city, Diyar Al Muharraq. This development will include a mix of residential and commercial properties, parks, and beaches.
Bahrain has a well-developed infrastructure, including a sophisticated transport system. This is complemented by a strong and open diplomatic network with other countries. As a result, it offers easy access to other parts of the Middle East region. Investment opportunities in Bahrain are wide-ranging, with promising opportunities in ICT, manufacturing, tourism, logistics, and financial services.
The Kingdom of Bahrain’s economic vision, Economic Vision 2030, highlights diversification, sustainability, and competitiveness, with the aim of strengthening the role of the private sector in economic growth. The government of Bahrain has also focused on encouraging foreign direct investment in the manufacturing, tourism, and logistics sectors. This has resulted in an abundance of projects and business opportunities.
Investment opportunities in Bahrain are also supported by a number of international arbitration agreements. This provides investors with access to international arbitration, most favored nation treatment, and freedom to make financial transfers without delay.
Conclusion
In addition to investment opportunities, Bahrain has a strong and business-friendly attitude. The country’s government seeks to build a liberal and inclusive economy. The country is open to people of all backgrounds. Its liberal approach to immigration and the local currency make it attractive for expatriates and businesses alike.