Business Opportunities in the Kingdom of Bahrain
Financial Services Industry
Bahrain is the GCC’s most established financial center offering banking & financial services across all major spheres of finance, from banking, asset management, FinTech, insurance, and Islamic finance. The financial market caters to wide range of services while the regional market is expected to grow and valued at $ 2 trillion by 2020. Bahrain financial industry is a global leader in designing solutions that comply with the Islamic world thereby creating a new sector called Islamic finance that is actively offering FinTech services with deep customization.
Manufacturing Industry
Manufacturing industries can face challenges in the starting phases of their operations in finance and logistical sectors, however, the manufacturers operating from Bahrain can easily avoid most of these challenges because of Bahrain’s spectacular infrastructure and connectivity that support the businesses extremely well. Altogether with the low lease costs, government grants (Tamkeen), moderate cost of living and subsidized interest rates, Bahrain has provided manufacturing industries with a favorable business environment without imposing restrictions in operations, expansions, and custom duty exemptions. The availability of skilled & affordable local workforce in Bahrain across a wide range of industries makes it easier to hire employs to run your manufacturing operations.
Logistics Industry
Bahrain enjoys a strategic position in the Persian Gulf offering a wide array of business opportunities for logistics businesses and companies that are looking to start their base of operations in the GCC region. With unprecedented access to Saudi Arabia and connectivity through air & sea to other Gulf countries, Bahrain is a unique location with unparalleled cost benefits for logistics operations, minimum regulations, and low taxes to start your logistics company.
Tourism and Hospitality Industry
Bahrain has grown into a substantial tourist destination across the GCC & beyond as the people are keen to experience what Bahrain has to offer in terms of tourist destinations and unique resort experiences. The Kingdom of Bahrain is known for its distinctive island setting with a cosmopolitan population, relaxed way of life, rich culture & history, with wide-variety of traditional cuisines.
The flourishing tourism industry in Bahrain with its steady influx of tourists from around the world, the opportunities in the hospitality industry expands rapidly. The hospitality industry is picking up the pace by developing food & beverage services, luxury segment hotels, leisure activities services, and resort destinations.
ICT (Information, Communications, and Technology)
Bahrain is a leader in ICT readiness in the MENA region offering unprecedented market access to the Middle East, with its availability of talent, low cost of operations that is competitive, 100 percent foreign ownership structure, and remarkable market policies making Bahrain one of the easiest places to do business in the ICT sector.
Bahrain’s market hosts a range of small to large Information technology companies with areas of operation ranging from IT services, distribution, consultancy, data management, software developers, and customer support centers. Being the first country in the region Bahrain completely deregulated its telecom market. Furthermore, the country endures being a pioneer by becoming the first economy in GCC to adapt to cloud-first policy with Bahrain’s government committed to accelerating the transition to cloud-enabling ground-breaking IT infrastructure and forward-thinking approach to data management, cloud-based services.
