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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

Bahrain
Iran 2009 2010 2011 2012 2013 2014 2015f
Nominal GDP ($bn) 22.9 25.7 29.0 30.7 32.8 34.0* 35.1
GDP per capita ($) 22,072 23,233 25,728 26,632 27,926* 28,425 28,707
Real GDP growth (annual change, %) 2.5 4.3 2.1 3.4 5.3 3.9* 2.9
Government revenue (% of GDP) 20.1 22.7 26.0 26.5 24.3* 26.8 25.8
Government total expenditure (% of GDP) 25.6 28.5 27.5 29.6 28.6* 31.5 31.5
General government debt (gross, % of GDP) 21.4 29.7 32.5 36.3 43.9* 47.1 51.4
Current account balance (% of GDP) 2.4 3.0 11.2 7.2 7.8* 7.0 6.4
Inflation (%) 1.6 1.0 0.2 2.6 4* 2.6 2.2
Population (millions) 1.0 1.1 1.1 1.2 1.2* 1.2 1.2
Unemployment (%) 4.0 3.6 4.0 3.9 4.3* 4.1 4.3
Click to see full economic data (2005 - 2019 forecast)
Source: International Monetary Fund, World Economic Outlook Database; Last updated: February 2015; *=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

Middle East contracts March 2015

Middle East contracts awarded: March 2015 Subscription

15 April 2015

Over $6bn of contracts awarded in March in the Middle East

Awail oil field

Bahrain Innovation Project of the Year Subscription

24 March 2015

Awali Oil Field

Bahrain Distributed Solar Energy Pilot Project

Bahrain Power & Water Project of the Year Subscription

24 March 2015

Bahrain Distributed Solar Energy Pilot Project

Awali Oil Field

Bahrain Small Project of the Year Subscription

24 March 2015

Awali Oil Field

Baggage

UAE Small Project of the Year Subscription

24 March 2015

Baggage-Handling Services (BHS) Link Enclosure

Sewerage

Ramboll Sustainable Project of the Year - Bahrain Subscription

24 March 2015

Energy Management System (Solar MicroGrid System)

Interchange

Hyder Consulting Transport Project of the Year - Bahrain Subscription

24 March 2015

Mina Salman Interchange

NWC

Oil & Gas Project of the Year - Bahrain Subscription

24 March 2015

Awali Oil Field

Bureau

Bahrain Social Infrastructure Project of the Year Subscription

22 March 2015

Survey & Land Registration Bureau Headquarters

Bahrain outstanding debt and reserves

Manama facing up to reduced revenues Subscription

17 March 2015 | By

Lower oil prices, a weakening fiscal position and an unstable political situation have left Manama with a lot to consider ahead of its 2015/16 budget announcement

Bahrain credit growth

Bahrain looks to restore dominance Subscription

17 March 2015 | By

Manama is pushing forward with initiatives designed to strengthen its position as a leading centre for Islamic finance

Frontrunner: The local Naseej’s low-cost housing scheme in 2013 was Bahrain’s firm housing PPP

Housing remains government priority Subscription

17 March 2015 | By

Manama says it remains committed to tackling the shortage of low-cost homes, but it will need to proceed with many more large-scale public-private partnership projects to make good on its promise

Filter Bahrain analysis by sector

Special reports

To make significant inroads into reducing the waiting list for social housing, Manama will have to enlist the help of private firms

Bahrain needs to engage private sector

17 March 2015

To make significant inroads into reducing the waiting list for social housing, Manama will have to enlist the help of private firms

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

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 Sukoon Tower Construction 146
7 Al Madina Al Shamaliya: Luwzi Construction 106
8 Rotana Hotel Construction 98
9 Orchid Plaza Construction 93
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 Q4 2014 Top 100 Projects report
Source: MEED Projects; Data compiled: April 2015; All projects are in execution

Tenders

Bahrain: Passenger boats Subscription

1 May 2015 | By

Supply of high-speed passenger boats

Bahrain: Substation tap changer works Subscription

1 May 2015 | By

Carrying out inspection and maintenance of on-load tap changers at ETD substations

Bahrain: Storage virtualisation systems Subscription

1 May 2015 | By

Supply of storage virtualisation systems

Bahrain: Switchgear maintenance Subscription

1 May 2015 | By

Maintenance of switchgear in ETD substations

Bahrain: Capacitor panels Subscription

29 April 2015 | By

Prequalification for the povision of capacitor panels

Bahrain: Land surveying services Subscription

29 April 2015 | By

Provision of land surveying services

Bahrain: Catering and administration services Subscription

29 April 2015 | By

Provision of catering and administration manpower services

Bahrain: Cleaning, hospitality and office services Subscription

29 April 2015 | By

Provision of cleaning, hospitality and office services

Bahrain: Post office works Subscription

29 April 2015 | By

Conservation and rehabilitation of a post office

Bahrain: Mechanical services Subscription

25 April 2015 | By

Provision of specialist mechanical services

Filter Bahrain tenders by sector

Project awards

Bahrain resort

SSH wins Bahrain resort design Subscription

9 March 2015 | By

Ras al-Barr Resort will be build south of the Durrat al-Bahrian development

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

Projects trends

Gulf projects index

Saudi Arabia leads Gulf index rise Subscription

27 April 2015

Kingdom recovers lost ground on projects value, while most other markets struggle

Gulf projects index

Gulf index sees biggest fall in months Subscription

21 April 2015

Only three countries post expansions in value

Gulf projects index

Bahrain makes biggest gains Subscription

14 April 2015

Iran and Qatar also expand, but fail to lift Gulf Projects Index

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

Masoud Ibrahim al-Hermi Subscription

Masoud Ibrahim al-Hermi is president of the Bahrain Society of Engineers

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

Bahrain_Energy_2014

Bahrain purchases residential units from local developer

Manama still committed to social infrastructure

28 April 2015 | By

Healthcare, transport and housing remain focus for Manama as government expects to approve 2015 budget next week

News

Qatar-Bahrain causeway still on hold

Qatar-Bahrain causeway still on hold Subscription

3 May 2015 | By

Project unlikely to materialise

Bahrain puts banks into administration

Bahrain puts banks into administration Subscription

3 May 2015 | By

Central bank takes control of Iranian-owned bank and insurer

Bahrain

Bahrain hospitality growing Subscription

30 April 2015 | By

Hotel market improving following downturn in 2011 due to domestic instability

Bahrain's construction sector saw significant growth in the third quarter of 2014

Bahrain infrastructure benefits from GCC funds Subscription

30 April 2015 | By

GCC funds set to play a big role in Bahrain’s infrastructure plans

Bahrain Airport Company to launch several tenders

Bahrain Airport Company to launch several tenders Subscription

29 April 2015 | By

First phase of Bahrain International airport expansion expected to be completed by 2018

Bahrain purchases residential units from local developer

Manama still committed to social infrastructure

28 April 2015 | By

Healthcare, transport and housing remain focus for Manama as government expects to approve 2015 budget next week

Bahrain considers light rail network

Bahrain considers light rail network Subscription

28 April 2015 | By

Study due into building country-wide railway

Bahrain

Amnesty International report criticises Manama Subscription

16 April 2015 | By

Bahrain faces pressure from human rights agency ahead of Formula 1 grand prix

Tear gas

Demand for tear gas in the Middle East surges Subscription

13 April 2015 | By

One of the world’s biggest manufacturers says 2015 sales will break records

Refinery

Bapco undergoes maintenance shut-down Subscription

13 April 2015 | By

Programme will not impact on local or international commitments

Filter Bahrain news by sector


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