Bahrain has seen its economy expand through diversification efforts, with a focus on finance, industry and technology. Projects in infrastructure, digital transformation and tourism aim to drive growth and attract foreign investment. The kingdom is committed to sustainability, targeting a 30% reduction in carbon emissions by 2035. The financial sector is a key contributor with innovation in financ
Policy interventions and an investor-friendly regulatory environment continue to attract investors to Bahrain as both a place to establish a business, and as a gateway through which to enter the markets of the broader GCC and MENA regions. A more strategic and sustainable funding model has been adopted by the government, and this shift in approach is beginning to be reflected in the fiscal balance
A revival in transport and tourism after two years of pandemic-related slowdowns caused by closed borders and social-distancing measures is helping to boost the economy, with the kingdom’s hotels, restaurants and resorts once again open to regional and international visitors. The country’s guiding plan, Bahrain Economic Vision 2030, aims to enhance private sector growth and continue government
Food production in the GCC has long faced obstacles ranging from water scarcity to a lack of arable soil – factors that are being exacerbated by climate change. Prior to Covid-19, imports accounted for 85% of the region’s collective food needs. However, the disruption to global supply chains precipitated by the pandemic – as well as the more recent invasion of Ukraine by Russia – has underlined…
By utilising technology to maximise value from existing reserves and investing in exploration, the energy sector is working to maintain and even increase levels of oil and gas production. These efforts will be given a significant boost by the recent discovery of a large-scale, unconventional oil and gas reserve, which could substantially boost output over the coming decades. The diversity of Bahra
Successful spending rationalisation measures introduced in the wake of the oil price drop have helped to reduce the country’s fiscal deficit, while revenue enhancing initiatives such as the implementation of value-added tax are expected to further reduce it over the medium term. Meanwhile the kingdom has maintained its focus on economic diversification initiatives. Manama remains a leading finan
Faced with a rapidly expanding population, Bahrain is seeking investors to help strengthen its food production capabilities at home, while also acquiring land overseas for cultivation. A lack of fresh water and an arid climate make farming difficult across the GCC, but Bahrain, which has a land area of 750 sq km, faces the added challenge of space constraints. Officials have begun rolling out…
