Analysis

Bahrain takes steps to increase oversight and amend real estate laws
OBG
plus

Having entered the Covid-19 pandemic with a relatively high level of economic diversification, the resulting drops in business and tourism activity pushed Bahrain’s vacancy rates up, which in turn put pressure on building owners. Despite the oversupply seen in the kingdom’s residential and commercial spaces, a government-led response and legislative reforms successfully accelerated the economic…

Analysis

Bahrain's influence expands as trade relations improve
OBG
plus

In February 2022 Bahrain commenced construction on the US Trade Zone (USTZ), following a memorandum of understanding signed in January 2021 between the US Department of Commerce and Bahrain’s Ministry of Industry and Commerce. Located in Salman Industrial City, it is expected to become operational by 2024. The project has received $40m as an initial investment, which will eventually be expanded to…