Bahrain Economy

Chapter | The Guide from The Report: Bahrain 2020

The guide contains listings of some of the leading hotels and resorts in Bahrain and contacts for important government offices and services. It also contains useful tips and information for first-time or regular and business and leisure visitors alike.

Bahrain pioneered oil production in the Middle East beginning in the 1930s, establishing the region’s initial framework for the petroleum industry. Some 90 years later oil and gas operations comprise 18% of GDP, with the economy well diversified to host established financial services and industrial sectors, as well as unique tourism offerings.

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Simultaneously strengthening its industrial potential and its foreign commercial ties, Bahrain has signed a series of deals with Italian firms in the energy and manufacturing sectors.

Bahrain pioneered oil production in the Middle East beginning in the 1930s, establishing the region’s initial framework for the petroleum industry. Some 90 years later oil and gas operations comprise 18% of GDP, with the economy well diversified to host established financial services and industrial sectors, as well as unique tourism offerings.

 

NATIONAL CHARACTER: While Bahrainis are interested in and open to foreign cultures, they are also very proud of their own identity, history and culture, and are willing to share their local customs and traditions with those who are interested to learn.

 

ELITE RESORT & SPA Bldg. 101 Sheikh Hamad Causeway T: +973 17 313 333 / 558 200 F: +973 17 558 229 / 558 229 cro@elitegrouphotels.com www.elitegrouphotels.com Rooms: 154 suites with one, two or three bedrooms. Non-smoking rooms, VIP rooms and bridal suites. Business & Conference Facilities: 24-hour business centre with fax,...

 

Benefitting from its robust financial services, industrial and manufacturing sectors, Bahrain’s economy is one of the most mature and diverse in the GCC. Although the kingdom has suffered in the wake of sustained low and volatile international oil prices – which have resulted in sluggish regional and national GDP growth, as well as a widening...

 

What are Bahrain’s primary economic competitive advantages, and how can these factors be best leveraged in a cooling investor climate?

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