- significant progress has been made in transforming Bahrain’s economy
- Bahrain has been named the highest Middle East ex-pat
- Bahrain has very low taxes on GCC
- “business-friendly” society
- It’s not all about the place
National Development Strategy:
The government developed the National Economic Strategy for the 2008-2014 planning period to guide economic and government direction. It highlighted the linkages between government policies, outlined key steps to be taken during the planning period, assigned task plans, and outlined the steps needed to achieve them.
Since the adoption of the 2030 Economic Vision and the associated National Economic Strategy, significant progress has been made in transforming Bahrain’s economy and increasing the efficiency of Government institutions. Given the information and changing circumstances, the National Development Strategy (2015-2018) represents the next step in the Bahraini journey towards achieving the Vision, as it outlines a strategic mid-term strategic direction for the 2015-2018 planning period.
Bahrain has been named the highest Middle East ex-pat. Bahrain has been named the Middle East’s leading tourist destination, according to a study by InterNations Expat Insider 2015.
Bahrain is ranked 17th most ex-pats in the world. The InterNations Expat Insider 2015 survey compares countries with various factors such as quality of life, personal finances, working abroad, and making friends.
Bahrain has very low taxes on GCC: Outside the organization, income, value-added, withholding taxes, capital gains or property taxes, and no property taxes or death duties, Bahrain is the most efficient business center in the Gulf *.
Bahrain is known as a free “business-friendly” society; open-minded and encouraging private businesses.
Leading the region in supporting private businesses. Bahrain was the first GCC country with depleted oil resources, so the State diverged early on by promoting private businesses. Bahrain’s non-oil GDP is already over 80%. Bahrain promotes private sector growth by allowing 100% foreign ownership and revenue recovery. The whole kingdom is one great Free Zone.
Large facilities including Riyadh, Kuwait, Abu Dhabi, Dubai, and Doha take about an hour to fly. Harbor Towers is only 10 minutes drive from Bahrain International Airport, headquartered to Gulf Air which is the best-connected airline for regional flights. Therefore, access to all markets in the Middle East is fast and efficient – by air, sea, and road.
It’s not all about the place, it’s about the people. Bahrain has a highly developed workforce thanks to organizations such as Tamkeen that identify “skills gaps” in the market and invest in training Bahrainis to gain experience to meet market needs. The port area is well run with a strong 166 support team provided with professional building management service.