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  Economy and Business Opportunities from Bahrain
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306 Results.
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Summary:Bahrain : Bahrain Monorail Network Project
Sector:Infrastructure and construction
Country :Bahrain
Notice Type:Project InformationDeadline:31 Dec 2030
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Summary:[Mina Salman & Khalifa Bin Salman Ports Operation Project]
Sector:Services
Country :BahrainEstimated Cost:USD 66000000
Notice Type:Project InformationDeadline:31 Mar 2030
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Summary:Bahrain: Public Transport Network Project
Sector:Railways
Country :Bahrain
Notice Type:Project InformationDeadline:31 Dec 2030
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Summary:Supply Of Kitchen Equipment For Bas Catering Facility At Sakhir Airbase.
Sector:Industry
Country :Bahrain
Notice Type:Tender NoticeDeadline:13 Feb 2022
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Summary:Providing Provision Of Inspection, Service And Maintenance Services
Sector:Services
Country :Bahrain
Notice Type:Tender NoticeDeadline:16 Feb 2022
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Summary:Providing Two Gmpls Links For Transmission Of Bahrain Tv Satellite Channels On Eutelsat 8
Sector:Technology Hardware and Equipment ,Telecommunications
Country :Bahrain
Notice Type:Tender NoticeDeadline:02 Mar 2022
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Summary:Providing Professional Set Up Of Pa, Foh, Monitor And Lighting For Concert
Sector:Energy, Power and Electrical
Country :Bahrain
Notice Type:Tender NoticeDeadline:02 Feb 2022
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Summary:Providing Concert Production For Al Dana Amphitheater (19 March 2022)
Sector:Services
Country :Bahrain
Notice Type:Tender NoticeDeadline:06 Feb 2022
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Summary:Supply Of Restriction Orifice Plates Required For Gdn Debottlenecking Project
Sector:Metals and Non-Metals
Country :Bahrain
Notice Type:Tender NoticeDeadline:15 Feb 2022
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Summary:Providing Ministry Of Education, Grid-tied Solar Pv Power Plant On Building Rooftops And Car Park, Minimum 5 Mwac
Sector:Renewable Energy,Infrastructure and construction
Country :Bahrain
Notice Type:Tender NoticeDeadline:16 Mar 2022
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Economy of Bahrain

Bahrain has an open economy. The Bahraini currency is the second-highest-valued currency unit in the world. Since the late 20th century, Bahrain has heavily invested in the banking and tourism sectors. The country's capital, Manama is home to many large financial structures. Bahrain's finance industry is very successful. In 2008, Bahrain was named the world's fastest growing financial center by the City of London's Global Financial Centres Index. Bahrain's banking and financial services sector, particularly Islamic banking, have benefited from the regional boom driven by demand for oil. Petroleum production is Bahrain's most exported product, accounting for 60% of export receipts, 70% of government revenues, and 11% of GDP. Aluminium production is the second most exported product, followed by finance and construction materials.

According to the 2011 Index of Economic Freedom, Bahrain has the freest economy in the Middle East and North Africa region and is the tenth freest economy in the world. An alternative index, published by the Fraser Institute, puts Bahrain in 44th place tied with 7 other countries. Bahrain was recognised by the World Bank as a high income economy.

Bahrain has many large financial institutions and is known as the business capital of the Gulf. With its highly developed communication and transport facilities, Bahrain is home to numerous multinational firms with business in the Persian Gulf. A large share of exports consists of petroleum products made from imported crude. Bahrain also has substantial aluminium production. Construction proceeds on several major industrial projects. Unemployment, especially among the young, and the depletion of both oil and underground water resources are major long-term economic problems.

Hydrocarbon industry

Petroleum and natural gas are the only significant natural resources in Bahrain. Because of limited reserves, Bahrain has worked to diversify its economy over the past decade. Bahrain has stabilized its oil production at about 40,000 barrels (6,400 m³) per day, and reserves are expected to last 10 to 15 years. The Bahrain Petroleum Company refinery was built in 1935, has a capacity of about 250,000 barrels (40,000 m³) per day, and was the first in the Persian Gulf. The Bahrain National Gas Company operates a gas liquefaction plant that utilizes gas piped directly from Bahrain's oilfields. Gas reserves should last about 50 years at present rates of consumption.

This article is licensed under the GNU Free Documentation License. It uses material from the Wikipedia article "Economy Of Bahrain"

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