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Bahrain

Profile

Bahrain_map_527x286px Bahrain+flag King_Hamad_bin_Isa_al_Khalifa; photo credit: Carl Court/AFP/Getty Images
Bahrain
Leader
King Hamad bin Isa al-Khalifa

Bahrain country datafile
Country overview
Government contacts

Country data

Iran 2008 2009 2010 2011 2012f 2013f 2014f
Nominal GDP ($bn) 25.7 22.9 25.7 29.0 30.4 32.2 33.5
GDP per capita ($) 32.983 22.072 23.233 25.728 26.368 27.435 27.965
Real GDP growth (annual change, %) 6.2 2.5 4.3 2.1 3.4 4.9 4.7
Government revenue (% of GDP) 27.9 20.1 22.7 26.0 26.7 23.3 27.8
Government total expenditure (% of GDP) 23.6 25.6 28.5 27.5 29.9 27.7 32.1
Total government debt (gross, % of GDP) 12.6 21.4 29.7 32.5 36.7 43.9 45.8
Current account balance (% of GDP) 8.8 2.4 3.0 11.2 7.3 12.0 10.4
Value of oil imports 7.2 4.4 5.4 7.5 7.5 7 6.5
Value of oil exports 13.8 8.9 10.2 15.5 17.2 16.6 15.8
Inflation (%) 3.5 2.8 2.0 -0.4 2.8 3.3 2.5
Click to see full economic data (2005 - 2018 forecast)
Source: International Monetary Fund, World Economic Outlook Database; Last updated: June 2013; *=Estimate

Doing business in

Bahrain

A Guide to Doing Business in Bahrain Subscription

11 December 2013 | By

Welcome to MEED’s Guide to Doing Business in Bahrain, the newest addition to MEED’s Business Guide series

Selected Bahrain telephone numbers Subscription

10 December 2013

Banks

Information providers Subscription

10 December 2013

MEED Since its launch in 1957, MEED has been tackling news issues head-on with groundbreaking exclusives that shape the Middle East

Selected Bahrain ministries and state bodies Subscription

10 December 2013

Prime Minister’s Court

Healthcare in Bahrain Subscription

10 December 2013

The standard of healthcare provision in Bahrain is generally perceived as good.

Working in Saudi Arabia Subscription

10 December 2013

Due to Bahrain’s comparatively relaxed social attitudes, many foreign professionals working in the Eastern Province of Saudi Arabia opt to commute on a daily or weekly basis from the islands

Education sector in Bahrain Subscription

9 December 2013

Although Bahrain’s education system dates back to the late 1890s, most of today’s schools were built in modern times

Bahrain telecoms providers

Bahrain's telecoms industry Subscription

9 December 2013

Bahrain has a competitive telecoms market, with 20 providers offering a range of mobile, internet and fixed-line services

Bahrain's national identity card Subscription

9 December 2013

All residents of Bahrain, regardless of nationality, must have an ID card

Major developments in Bahrain Subscription

9 December 2013

A round of significant projects in Bahrain

Transport and logistics in Bahrain Subscription

9 December 2013

Most visitors drive or fly to Bahrain. Travellers entering by air will arrive at Bahrain International airport, which has been operational since the 1930s

Bahrain's Tender Board Subscription

9 December 2013

In April 2003, Bahrain’s Tender Board was established by royal decree

Bahrain's Ministry of Finance Subscription

9 December 2013

The Ministry of Finance has a range of responsibilities, from setting Bahrain’s annual budget to deciding financial policy, managing privatised projects and investing government revenues

Bahrain's Ministry of Works Subscription

9 December 2013

The Ministry of Works is essentially the construction arm of the Bahrain government and is responsible for major infrastructure, such as roads, water and sanitation and public buildings

Bahrain's Ministry of Housing Subscription

9 December 2013

A ministry for housing has existed in various forms since 1975 and has been restructured several times

Electricity & Water Authority in Bahrain Subscription

9 December 2013

Like other GCC states, Bahrain has embraced the private power generation model and, rather than have a ministry for electricity, the sector is overseen by the Electricity & Water Authority

Bahrain economic zones Subscription

9 December 2013

In 2013, Bahrain was ranked as the 12th most-free economy in the world by the US’ Heritage Foundation think-tank, making it the only country from the Middle East and North Africa to appear in the top 20

Alba Subscription

9 December 2013

Aluminium Bahrain (Alba) was the first smelter to begin operations in the Middle East

Bapco projects

Bapco Subscription

9 December 2013

Bahrain Petroleum Company (Bapco) was founded in 1929 as a subsidiary of the US’ Standard Oil to explore for oil in Bahrain. In 1932, it discovered the Awali oil field, also known as the Bahrain Field and still the country’s most important oil resource

Bahrain's Economic Development Board Subscription

9 December 2013

The Economic Development Board (EDB) was set up in 2000 to encourage international investment in Bahrain

Islamic finance Subscription

9 December 2013

Paul McViety, legal director and head of Islamic finance at international law firm DLA Piper, provides some background on Bahrain’s Islamic finance industry

The new Labour Law in Bahrain Subscription

9 December 2013

Muneera Zubari from Zu’bi & Partners explains what entitlements employees have under recently revised legislation

Setting up a business in Bahrain Subscription

9 December 2013

Rayhana Kapadia from law firm Baker & McKenzie explains how to establish a corporate presence in Bahrain

Bahrain projects market Subscription

9 December 2013

With the total value of major projects planned or under construction in Bahrain standing at about $62.6bn in November 2013, the country is by far the smallest projects market in the GCC, accounting for under 3 per cent of the combined value of projects in the region

Bahrain economy Subscription

9 December 2013

Bahrain has a diversified economy, with a small but vibrant private sector, an educated workforce and well-developed service industries

Bahrain government Subscription

9 December 2013

Bahrain, which means “two seas” in Arabic, once referred to a broad area encompassing parts of the eastern coast of the Arabian Peninsula

People and culture of Bahrain Subscription

9 December 2013

Bahrain was one of the first Gulf states to see a major influx of expatriate workers, who now make up about half of the total population of 1.3 million

History

History of Bahrain Subscription

9 December 2013

Bahrain has been a regional trading hub since the Bronze Age, when its freshwater springs made it an important stopping-off point for vessels sailing between Mesopotamia and the southern Gulf

Map of Bahrain

Basic information about Bahrain Subscription

9 December 2013

General Bahrain facts

Bahrain trends

Selected global sovereign sukuk issuance and Saudi domestic bond issuance

Dubai nurtures Islamic ambitions Subscription

17 September 2014 | By

The UAE emirate has been working on encouraging the development of sharia-compliant banks and is also leading the way as a location to list Islamic bonds

GCC oil and gas awards

GCC oil and gas spend hits long-term high in 2014 Subscription

16 September 2014 | By

Six-country bloc has invested $29bn to date driven by resurgence in Kuwait projects

Islamic banks maintain strong growth Subscription

15 September 2014 | By

Sharia-compliant lenders in the GCC are enjoying success in winning greater market share from their conventional counterparts, buoyed by government support

Under the leadership of CEO Mahmood Hashim al-Kooheji, Mumtalakat has managed to turn its business around

Interview with Mahmood Hashim al-Kooheji, CEO, Mumtalakat Subscription

11 September 2014 | By

Having steered Bahrain’s sovereign wealth fund back to profitability, Mahmood Hashim al-Kooheji is now aiming to take Mumtalakat international

Bahrain oil and gas fields

Manama set to ramp up oil and gas production Subscription

31 August 2014 | By

Bahrain focuses on enhanced oil recovery and drilling operations for its deep gas initiative

Risk ratings in the Middle East and North Africa

Navigating regional political and security risk Subscription

17 August 2014 | By

Investors face a widening and complex web of risks in the Middle East and North Africa region

Bahrain Transport Project of the Year

31 July 2014

North Manama Causeway

GCC overall awards

Growth continues in contract awards Subscription

17 July 2014 | By

Building projects and the UAE dominated contract awards in the first half of 2014

Bahrain trade

Manama focuses on hub strategy Subscription

1 July 2014

Much of Bahrain’s industrial activity stems from the giant Alba venture

Tensions: Bahraini girls march in protest

Bahrain’s debt problem Subscription

22 June 2014 | By

Ongoing political stalemate, coupled with outbreaks of violence, is making it difficult for Manama to introduce the reforms needed to reduce debt and refocus subsidies

Filter Bahrain analysis by sector

MEED comment

Bahrain Financial Harbour

GCC states diversify their funding options

11 September 2014 | By

Bahrain and Sharjah look for new investors

Dubai airport

UAE firms have edge for Bahrain airport

1 September 2014 | By

Dubai and Abu Dhabi-based firms will receive preferential treatment

Bahrain

Manama tackles wastewater crisis Subscription

15 May 2014

Bahrain’s overhaul of its wastewater sector could set a precedent for using GCC aid where it is needed most

Markets and bonds

Bonds market gains maturity Subscription

10 April 2014

An increasingly diverse base of issuers, driven by strong economic growth is helping to deepen the region’s capital markets

Gasification at Jizan

Higher bid prices return to the GCC Subscription

10 April 2014

European firms have been winning work again for a couple of years now, beating South Korean competition

Bahrain

Bank mergers to boost Bahrain’s status Subscription

6 March 2014 | By

The consolidation of larger lenders will strengthen the country’s status as a financial hub for the region

See all MEED commentary

Special reports

Bahrain Financial Harbour

Bahrain: Business confidence and economic activity picks up Subscription

14 May 2014

Three years after anti-government demonstrations broke out in Bahrain, business confidence and economic activity is picking up

GCC real estate

Real Estate: GCC property markets stabilising Subscription

18 March 2014

There is an uptick in demand for residential and commercial property across the region, with just one or two exceptions

GCC construction

Construction: Continuing GCC projects growth into 2014 Subscription

16 January 2014

After such a successful 2013, beating that target will be a major challenge for the GCC projects market in the year ahead

SR Cover Riding the Boom

Construction: Middle East rides the new projects boom Subscription

21 November 2013

Transport awards, particularly metro schemes, are driving a construction rebound across the region

See all Bahrain special reports

Market presentations

Dubai creek

Managing the Boom: The Outlook for the Middle East Subscription

23 July 2014

Opportunities and challenges for businesses in the region created by the new projects boom

Project Finance

Webinar: Middle East project finance outlook Subscription

17 June 2013

Market constraints to continue, with deals flowing to most stable markets in the region

After the Uprisings webinar

After the Uprisings: The outlook for business in the Middle East in 2013 and beyond Subscription

4 March 2013

A webinar on the region’s business environment, providing current data and exclusive expert analysis drawn from MEED’s team of experts

Wastewater

Webinar: Project opportunities in GCC wastewater Subscription

15 May 2012

Join MEED for an exclusive online seminar looking at the Gulf wastewater sector

Top 10 projects

Rank Project Name Sector Contract value ($m)
1 New Substations (49 nos.) Power 370
2 Bahrain Bay: United Tower Construction 250
3 East Sitra Housing Project: Dredging & Reclamation Package Construction 236
4 Isa Town: Market Construction 220
5 Bahrain Bay: Four Seasons Hotel Construction 150
6 Sukoon Tower Construction 146
7 Rotana Hotel Construction 98
8 King Hamad University Hospital: Oncology Centre Construction 84
9 Al Madina Al Shamaliya: Island 14 Construction 80
9 Al Madina Al Shamaliya: Island 13 Construction 80
9 Juffair Heights Twin Towers Construction 80
Click through to the full data table on Bahrain's biggest projects in construction
Click through to MEED's Q2 2014 Top 100 Projects report
Source: MEED Projects; Data compiled: September 2014; All projects are in execution

Tenders

Bahrain: Airport passenger terminal Subscription

4 September 2014 | By

Carrying out construction works for a proposed new passenger terminal building for an international airport

Bahrain: TSE line Subscription

1 September 2014 | By

Implementation of a treated sewage effluent (TSE) line

Bahrain: Shop management Subscription

1 September 2014 | By

Management of shops

Bahrain: Stationery Subscription

1 September 2014 | By

Supply of stationery

Bahrain: GIS network survey Subscription

21 August 2014 | By

Operation of a GIS network

Bahrain: Vehicle leasing Subscription

21 August 2014 | By

Leasing of motor vehicles

Bahrain: GIS data support Subscription

21 August 2014 | By

Operation of GIS data support

Bahrain: Box water meters Subscription

21 August 2014 | By

Supply of box water meters

Bahrain: Avenue improvement works Subscription

21 August 2014 | By

Carrying out improvements to avenues

Bahrain: Gardening materials Subscription

21 August 2014 | By

Supply of gardening materials

Filter Bahrain tenders by sector

Project awards

Bapco has awarded France’s Technip a front-end engineering and design contract as part of its refinery modernisation programme

Technip wins Bapco refinery design Subscription

21 September 2014 | By

French contractor awarded deal worth $55m for front-end work

Hospital

GP Zachariades Group wins Bahrain hospital contract Subscription

20 August 2014 | By

Cypriot contractor will build cancer centre at northern hospital

Al-Hedaya wins deal for affordable housing project in Bahrain Subscription

14 May 2014 | By

Local firm Al-Hedaya to build 196 homes at Diyar al-Muharraq development

Hill wins contract for Bahrain International airport project Subscription

19 January 2014 | By

Hill to manage modernisation programme at Bahrain International

Projects trends

Gulf projects index

Saudi Arabia sees biggest expansion Subscription

18 September 2014

Kingdom’s surge pushes Gulf Projects Index up by 1 per cent

Gulf projects index

Expansion in Saudi Arabia lifts market Subscription

11 September 2014

Projects announcements in Kuwait and Saudi Arabia give boost to Gulf Projects Index

Value of projects planned or under way ($bn)

Big decline for Iraq’s projects market Subscription

4 September 2014

Continued turmoil weighs on Iraq as its projects sector has worst week in 30 months

More Gulf Projects Index

Companies

Al-Zayani Investments Subscription

Established in 1977, it has a diversified portfolio including automotive, health care, manufacturing and real estate

See all Bahrain company profiles

People

Zahi Zeini Subscription

Zahi Zeini is managing partner for Deloitte in Bahrain

Ossama Tawfick Subscription

Ossama Tawfick is regional senior director, Middle East and North Africa at AspenTech

Graham Hoar

Graham Hoar is vice president, Middle East, Nexant

Ahmed al-Sharyan Subscription

Ahmed al-Sharyan is secretary-general, Noga

Abdulrahman Jawahery Subscription

Abdulrahman Jawahery is president, Gulf Petrochemical Industries Company (GPIC)

Edward Hanley Subscription

Edward Hanley is CEO and president, Tatweer Petroleum/Occidental Petroleum Bahrain

See all Bahrain biographies

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