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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

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

Oil offshore

Oil exporters put the brakes on spending Subscription

12 June 2014 | By Dominc Dudley

Oil exporters are starting to trim spending to keep budgets more in line with oil prices

Middle East contract awards May 2014

Middle East contracts awarded: May 2014 Subscription

2 June 2014

Over $8bn of contracts awarded in May in the Middle East

Ambition: Bahrain is investing to ensure its oil and gas sector remains a cornerstone of its economy

Manama’s future energy challenge Subscription

15 April 2014 | By James Gavin

The Gulf’s oldest oil producer is looking to make the most of a small endowment

Recovery

The growing appetite for bonds Subscription

10 April 2014 | By

Increased corporate activity spurred by strong economic growth is helping to expand the market

Serco is the service provider for the Dubai Metro

Bringing the region's services to life Subscription

10 April 2014 | By

Facilities management firm Serco works quietly in the background, providing major services across various sectors in the region, but its CEO is looking to extend its reach

Contract awards

Middle East contracts awarded: January 2014 Subscription

16 February 2014

Over $17bn awarded in January in the Middle East

Bahrain oil demand 2008-12

Bahrain Petroleum Company Subscription

14 January 2014 | By

The firm is focusing on upgrading the Sitra refinery and increasing Bahrain’s oil and gas production

Filter Bahrain analysis by sector

MEED comment

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

Awards

Local contractors dominate in 2013 Subscription

16 January 2014

The small size and nature of most contracts awarded last year saw local firms capitalise

See all MEED commentary

Special reports

Bahrain Financial Harbour

Bahrain: Business confidence and economic activity picks up

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 Muharraq Sewage Treatment Plant Water 291
2 Bahrain Bay: CIH Tower Power 250
4 Bahrain Bay: Four Seasons Hotel Construction 150
5 Rotana Hotel Construction 98
6 Al-Madina Al-Shamaliya: Island 14 Construction 80
6 Al-Madina Al-Shamaliya: Island 13 Construction 80
8 Al-Madina Al-Shamaliya: Luwzi Construction 75
9 Bahrain Bay: Headquarters Building Construction 60
10 Isa Town Mixed-use Development Construction 58
Click through to the full data table on Bahrain's biggest projects in construction
Click through to MEED's Q1 2014 Top 100 Projects report
Source: MEED Projects; Data compiled: April 2014; All projects are in execution

Tenders

Bahrain: STP consultancy Subscription

19 July 2014 | By

 

Bahrain: Road works Subscription

18 July 2014 | By

Carrying road rehabilitation works and extension of housing blocks

Bahrain: Gas inlet valve replacement Subscription

18 July 2014 | By

Replacement of old gas inlet valves

Bahrain: Substation air-conditioning Subscription

18 July 2014 | By

Supply of package and industrial type air-conditioning units at substations

Bahrain: Beach well drilling Subscription

18 July 2014 | By

Drilling of a beach well

Bahrain: On-line oil filter units Subscription

18 July 2014 | By

Supply and installation on-line oil filter units

Bahrain: Infrastructure Subscription

4 July 2014 | By

Construction of infrastructure and facilities including bridges

Bahrain: Fibre cables Subscription

18 June 2014 | By

Supply of fibre cables

Bahrain: Hotel accommodation services Subscription

18 June 2014 | By

Provision of hotel accommodation services

Bahrain: Pesticides Subscription

9 June 2014 | By

Supply of pesticides

Filter Bahrain tenders by sector

Project awards

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

Dubai’s Mall of the World boosts index Subscription

17 July 2014

UAE and Bahrain are the outstanding markets of the week

Gulf Projects Index

Four Gulf states keep index stable Subscription

10 July 2014

Growth in Oman, Iraq, the UAE and Saudi Arabia cancels out decline in Kuwait

Gulf projects index

Iraq and UAE weigh on projects index Subscription

3 July 2014

Index slips as projects reach completion or stall in some countries, while Bahrain’s market leads growth 

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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