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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

Analysis

Interview: Rasheed Al-Maraj, the governor of the Central Bank of Bahrain

25 February 2015

On board accountability for corporate governance

Construction

New vision for GCC construction workforce

22 February 2015 | By Sachin Kerur

Development of a regional policy for hiring workers is under discussion

Refinery

Refinery upgrade under fresh threat Subscription

16 February 2015 | By Wil Crisp

The overhaul of Bahrain’s Sitra refinery will boost output and efficiency, but the project could see further delays due to the country’s financial problems

Bahrain

Four years on, no resolution in Bahrain Subscription

10 February 2015 | By ,

Low oil prices will make it harder for Manama to bring an end to civil unrest

Oil prices

Oil price decline hits Gulf credit ratings

10 February 2015 | By

Prudent fiscal policies required to ensure stable government finances

The crackdown by Bahrain's government has increased anger among those calling for reform and demonstrators have continued to take to the streets

Manama faces reduced options

10 February 2015 | By

Declining government income will make it harder to contain unrest

Unrest: Protests continue to take place across Bahrain on a daily basis

Crackdown on opposition leaders in Bahrain Subscription

10 February 2015

Renewed civil unrest in the country

Saudi Aramco's Khurais oil field in Saudi Arabia

Masters of the new world energy order

18 January 2015 | By

The GCC, the worlds’ biggest energy exporter, and the US, the world’s largest energy consumer are emerging as leaders in a new world energy order

Bahrain

Bahrain increasingly vulnerable to oil prices Subscription

12 January 2015

Bahrain finds itself extremely vulnerable to falling oil prices

Saudi Aramco's Khurais oil field in Saudi Arabia

Why GCC producers are happy to see oil fall Subscription

18 December 2014 | By

The GCC’s oil producers will be the biggest winners from the 2014 oil price crash

oil

Impact of falling oil prices in Bahrain Subscription

17 December 2014

With its precarious public finances and restive Shia majority, out of all the GCC nations Bahrain is the most vulnerable to persistently low oil prices

Opec secretary-general Abdullah al-Badri

Opec sets the tone for 2015

15 December 2014 | By

Regional producers are not about to cut oil production and the assumptions that have underpinned forecasting in recent years have to be revisited

Filter Bahrain analysis by sector

Special reports

Opec secretary-general Abdullah al-Badri

Opec sets the tone for 2015

15 December 2014 | By

Regional producers are not about to cut oil production and the assumptions that have underpinned forecasting in recent years have to be revisited

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

See all Bahrain special reports

Webinars

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

Top 10 projects

Rank Project Name Sector Contract value ($m)
1 New Substations (49 nos.) Power 370
2 Bahrain Bay: Wyndham Grand Hotel (United Tower) Construction 250
3 East Sitra Housing Project: Dredging & Reclamation Package Construction 236
4 Isa Town: Market Construction 220
5 1,560 Houses at Southern Governorate (SP/03/13) Construction 203
6 Bahrain Bay: Four Seasons Hotel Construction 150
7 Sukoon Tower Construction 146
8 Al Madina Al Shamaliya: Luwzi Construction 106
9 Rotana Hotel Construction 98
10 King Hamad University Hospital: Oncology Centre Construction 84
Click through to the full data table on Bahrain's biggest projects in construction
Click through to MEED's Q3 2014 Top 100 Projects report
Source: MEED Projects; Data compiled: November 2014; All projects are in execution

Tenders

Bahrain: Base load diesel generators Subscription

25 February 2015 | By

Supply and installation of base load diesel generators

Bahrain: Islamic centre repair and painting Subscription

24 February 2015 | By

Carrying out general repair and painting works to an Islamic centre

Bahrain: Urban, transport and marine planning services Subscription

24 February 2015 | By

Provision of urban planning and design services, transport planning and modelling services, and coastal and marine planning services

Bahrain: Office cleaning Subscription

24 February 2015 | By

Provision of general cleaning services for offices

Bahrain: Power and water station anti-foam Subscription

24 February 2015 | By

Supply of anti-foam for a power and water station

Bahrain: Gas junction consultancy Subscription

24 February 2015 | By

Provision of engineering consultancy services for the improvement of a gas junction

Bahrain: Housing works Subscription

24 February 2015 | By

Carrying out infrastructure works for houses

Bahrain: Quantity surveying services Subscription

24 February 2015 | By

Provision of quantity surveying services for a tower project

Bahrain: Mini-bus leasing Subscription

24 February 2015 | By

Leasing of a VIP mini-bus

Bahrain: Medical equipment Subscription

24 February 2015 | By

Supply of medical equipment

Filter Bahrain tenders by sector

Project awards

Bapco has awarded the US’ Chevron Lummus Global a $100m-plus contract to carry out design and engineering work on its Sitra refinery

Bapco awards Chevron Lummus $100m design deal Subscription

15 October 2014 | By

US joint venture will also provide licensed technology for refinery modernisation programme

oil pipes

Bapco awards package to Chevron Lummus Subscription

22 September 2014 | By

US company to build residue hydrocracker at Bahrain refinery

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

Projects trends

Gulf projects index

UAE leads Gulf index decline Subscription

24 February 2015

Region’s second-biggest projects market drops by 3 per cent

Gulf projects index

Oman leads Gulf index growth Subscription

17 February 2015

UAE and Qatar only other countries to record increases in value

Gulf projects index

Gulf index slides on low oil prices Subscription

9 February 2015

Iraq and UAE only countries to record strong growth in projects markets

More Gulf Projects Index

All companies

Al-Zayani Investments Subscription

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

Bahrain Petroleum Company logo

Bahrain Petroleum Company Subscription

Bahrain Petroleum Company (Bapco) was founded in 1929 as a subsidiary of the US’Standard Oil, in order to explore for oil in the Gulf country

See all Bahrain company profiles

People

Anurag Bisaria Subscription

Anurag Bisaria is CEO at Bahrain Steel

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

See all Bahrain biographies

News

Standard & Poor’s

Bahrain’s Mumtalakat rating lowered by S&P Subscription

25 February 2015 | By

Sovereign wealth fund has negative outlook

Bahrain-based Ahli United Bank has posted a 31.7 per cent increase in profit

Ahli United Bank reports 31 per cent profit hike Subscription

24 February 2015 | By

Bahrain bank posts profits of $482m

Airport

Bids submitted for Bahrain airport enabling work Subscription

23 February 2015 | By

Local firms dominate bids for enabling work on airport expansion project in Bahrain

Sewage treatment

Bahrain plans to tender Tubli expansion in March Subscription

12 February 2015 | By

Bahrain upgrades wastewater treatment capacity

Alarab news channel is owned by Saudi Arabia’s Prince al-Waleed bin Talal

Bahrain shuts down TV channel Subscription

10 February 2015 | By

Bahrain’s information affairs authority has shut down the newly launched Alarab television station

Offshore

Bahrain to launch oil licensing round Subscription

8 February 2015 | By

Energy minister tells MEED he is preparing to offer offshore concessions within the next 18 months

LNG

Bahrain LNG terminal contract to be awarded Subscription

8 February 2015 | By

Energy minister says the winning bid will be announced before the end of 2015

Bahrain protests

Bahrain opposition calls for more GCC support Subscription

4 February 2015 | By

Spokesman says continuing tensions have ramifications for the wider region

Refinery

Call for increased refinery efficiency Subscription

4 February 2015 | By

Bahrain Energy minister says companies should set clear reduction targets

Manama, the capital of Bahrain

Bahrain annuls 72 citizenships Subscription

2 February 2015 | By

Citizenships revoked as instability continues in Bahrain

Filter Bahrain news by sector


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