Bahrain remains a key regional financial centre in the Gulf, continuing to hold its own in a competitive environment, according to an expert.
Habib Jawad Habib, Partner with BDO Bahrain, said easy access to GCC markets, which has been strengthened by improved connectivity, had helped reaffirm Bahrain’s position as a favoured destination for international investors.
Oxford Business Group (OBG) signed an agreement with BDO Bahrain paving the way for the groundwork for its latest report on Bahrain’s economy by teaming up with the audit and management consultancy company BDO Bahrain.
“We look forward to teaming up once again with Oxford Business Group to highlight the framework for accountancy in Bahrain and the role it plays in making Bahrain a favoured investment destination in the region,” Jawad Habib added.
As the Group’s Accountancy partner, BDO Bahrain will collaborate with OBG’s research and editorial team to produce the Accountancy and Tax Chapter of The Report: Bahrain 2012.
OBG’s forthcoming economic research on the Kingdom is expected to chart Bahrain’s progress in diversifying its economy by moving to develop high-potential growth areas. It will also contain a detailed, sector-by-sector analysis for foreign investors, alongside a wide range of interviews with the most prominent political, economic and business leaders.
BDO Bahrain is a member firm of the major professional services company BDO International. The global network has offices in over 130 countries providing a wide range of accounting and auditing, tax and consultancy services.
OBG’s Country Director Anna Dabrowska said at the MoU signing ceremony at the Capital Club in Bahrain, that she expected the third year of collaboration with BDO to focus on the key accounting practices and to provide an overview of the competitive tax regime in the Kingdom.
“The past year has brought a number of challenges for Bahrain ranging from domestic unrest to fall-out from the slow pace of global economic recovery. Yet the Kingdom continues to maintain a reputation as a favoured investment destination largely due to its attractive business environment,” she said.
“During our time in the Kingdom, Oxford Business Group has established a fruitful working relationship with BDO Bahrain and benefited greatly from its experts’ local and regional market knowledge. I am delighted to welcome them on board for our 2012 report which will give investors a valuable insight into Bahrain’s efforts to regain momentum in its economic development,” Dabrowska, added.
The Report: Bahrain 2012 will be a vital reference and review of the many facets of the Kingdom, including its macroeconomics, infrastructure, banking and other sectoral developments. The report will be available in print or online.