This chapter includes the following articles.
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.