Industry

Bahrain 2015 Industry

Industry in Bahrain continues to grow as increasingly low borrowing rates, particularly for manufacturing, demonstrate banks’ willingness to finance projects in the sector. Bahrain’s manufacturing sector accounts for 15% of GDP making it the country’s third-largest economic contributor after hydrocarbons and financial services, and is expected to reach 20% of GDP within the next decade. The sector is dominated by basic metals, refined petroleum products and chemical products, and in 2012 employed 13% of the total workforce in the kingdom. Bahrain is home to the sixth-largest aluminium smelter in the world, which has encouraged the clustering of several downstream businesses, while the kingdom’s burgeoning pharmaceuticals sector was worth $260m in 2012 and is expected to rise by a compound annual growth rate of 10.1% to 2017.

This chapter contains interviews with HE Dr Hassan Fakhro, Advisor to the King for Economic Affairs; and Tim Murray, CEO, ALBA.

Share
Cover of The Report: Bahrain 2015

The Report

This chapter is from the Bahrain 2015 report. Explore other chapters from this report.

Interviews & Viewpoints

Sketch of Tim Murray, CEO, Aluminium Bahrain (Alba)
Tim Murray, CEO, Aluminium Bahrain (Alba): Interview

Covid-19 Economic Impact Assessments

Stay updated on how some of the world’s most promising markets are being affected by the Covid-19 pandemic, and what actions governments and private businesses are taking to mitigate challenges and ensure their long-term growth story continues.

Register now and also receive a complimentary 2-month licence to the OBG Research Terminal.

Register Here×

Product successfully added to shopping cart