Bahrain Articles & Analysis

Bahrain has embarked on a reworking of its subsidy framework in a bid to ease the budgetary pressures associated with the fall in oil prices. Meanwhile, the government is also pushing forward with diversification efforts, with the kingdom’s $32bn investment strategy fuelling activity in various areas of the economy. 

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Continued fiscal consolidation and reform, combined with steady growth, were the hallmarks of Bahrain’s year in 2017, with a similar outlook forecast for the coming 12 months.

Bahrain’s bid to carve a niche as a regional centre of ICT innovation took a step forward following the decision by Amazon Web Services (AWS) to base its first Middle Eastern cloud technology data centre in the kingdom.

Rising demand for residential and retail development is driving rapid expansion in Bahrain’s real estate sector, with billions of dollars worth of mixed-use projects to be launched in the near future, while new regulatory measures have been issued aimed at increasing market stability and long-term growth.

Several new projects will expand Bahrain’s power generation capacity, as the kingdom aims to meet rising demand from both residential and industrial consumers.

The kingdom of Bahrain launched another round of conventional bond and sukuk (Islamic bond) issuances last month, as the government looks to bridge projected fiscal deficits for both this year and next.

Bahrain’s Ministry of Transportation and Telecommunications in June selected French technology company Thales and Switzerland’s telecoms services firm SITA as providers of Bahrain International Airport’s new security and operations management system.