Bahrain is an island at the heart of the Arabian Gulf, connected directly to Saudi Arabia by the King Fahd Causeway. The GDP valued 32.8 billion USD in 2013 with a growth rate of 5.6 %. Its economy is well diversified; the Oil & Gas Sector contributes around 20% for Bahrain’s GDP. In many global indices, Bahrain is ranked favorably: it is first in ease to start a business, has the lowest cost of living and is the most economically free nation in the MENA region. Also in overall quality of life, ease of access to loans, quality of infrastructure and labor market efficiency Bahrain scores high.
There are many attractive reasons to start doing business in Bahrain. Apart from its strategic location between the world economies in the east and in the west and with more or less direct access to the six countries of the Gulf Cooperation Council (GCC), Bahrain has an attractive tax regime, a favorable business environment, a highly skilled labor force and a high quality of life. For foreign investors it is important to note that Bahrain in its entirety is a Free Zone and allows for 100% foreign ownership.
Many foreign companies have already found their way to Bahrain, for example Huawei, SBI Pharmaceuticals, Coca Cola and many more
The sectors with most opportunities are:
- Renewable energy
- Water treatment and sewerage
- Industrial infrastructure