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Bahrain’s economy on the right path of diversification

July 8, 2014
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MANAMA: Bahrain has redefined its economic landscape during the last one decade, bringing through new areas of the economy for development, while also moving forward with ambitious plans for its oil sector.

“Bahrain’s push to begin broadening its economic base some years ago, ahead of its neighbours, has given the country an edge in seeking out investors, as we have documented,” Jana Treeck, Regional Director, at the Oxford Business Group, said.

“Our tenth-anniversary report will look at fast-growth areas of the economy, such as Islamic finance, while also considering the part that the country’s business-friendly environment, particularly its tax regime, continues to play in increasing investment,” she added, while highlighting the upcoming OBG’s 10th anniversary Report.

The global publishing, research and consultancy firm Oxford Business Group (OBG) will mark ten years of operations in Bahrain with a special report on the Kingdom’s economic development over the past decade, while highlighting its latest investment opportunities.

The Report: Bahrain 2014 will chart the country’s progress in diversifying its economy and creating an investor-friendly environment, which has led to the emergence of several now well-established industries, including financial services, real estate and manufacturing.

The landmark publication will also explore Bahrain’s recent efforts to address key social issues, spearheaded by educational reforms and the rolling out of affordable housing.

Regional Director, Jana Treeck, said that since arriving in Bahrain, OBG’s team had witnessed the Kingdom move towards the goals mapped out in its long-term development strategy, Economic Vision 2030.

The Group’s Country Director, Lila Benyelles, added that The Report: Bahrain 2014 would also pinpoint the hurdles which the Kingdom currently faces, including a drop in non-oil activity last year, and the steps being taken to overcome them, led by capital spending on infrastructure.

The Report: Bahrain 2014 will contain a wide range of interviews with leading political, economic and business representatives, together with a detailed, sector-by-sector guide for investors. It will mark the culmination of more than six months of field research by a team of analysts from OBG. The publication assesses trends and developments across the economy, including macroeconomics, infrastructure, banking and other sectoral developments.

The Report: Bahrain 2014 will be produced with the Information Affairs Authority and the law firm Zu’bi Partners. The publication will be available in print or online.

Tags: OBG
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