Global Government Tenders

Most trusted source for Tendering Opportunities and Business Intelligence since 2002

Economy of Bahrain and business opportunities

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"

Global Tenders has one of the largest database of international and national tenders/competitive bids, procurement news, project information, contract awards, related to Bahrain from all over the world..

This section contains economy and business opportunities and from Bahrain.
Bahrain Economy Bahraini Economy, business opportunities in Bahrain.
Summary:
Q72235(88)Supply Of 3-Way Valves For Lbou Catalyst Change
Country:
Bahrain
 
Notice Type:
Tender Notice
Deadline:
07 May 2024
Posting Date:
23 Apr 2024
 
 
 
Summary:
Q71175(88)Supply Of Different Valves For Prefabrication Work For Lsdp Catalyst Change.
Country:
Bahrain
 
Notice Type:
Tender Notice
Deadline:
07 May 2024
Posting Date:
23 Apr 2024
 
 
 
Summary:
Bmd – 23/0019Preventive Building Maintenance Works At National Charter Monument, Sakhir
Country:
Bahrain
 
Notice Type:
Tender Notice
Deadline:
15 May 2024
Posting Date:
23 Apr 2024
 
 
 
Summary:
Rfp/Moic/2024/01System Development And Support For Foreign Trade & Industrial Property
Country:
Bahrain
 
Notice Type:
Tender Notice
Deadline:
15 May 2024
Posting Date:
23 Apr 2024
 
 
 
Summary:
Mun/Cm/08A/2024Operation And Maintenance Of Gardens, Walkways And Squares For Capital Municipality
Country:
Bahrain
 
Notice Type:
Tender Notice
Deadline:
05 Jun 2024
Posting Date:
23 Apr 2024
 
 
 
Summary:
In/Csd/Fa/2024/069Supply Of Tape
Country:
Bahrain
 
Notice Type:
Tender Notice
Deadline:
20 May 2024
Posting Date:
23 Apr 2024
 
 
 
Summary:
In/Csd/Fa/2024/068Supply Of Joint Kit
Country:
Bahrain
 
Notice Type:
Tender Notice
Deadline:
20 May 2024
Posting Date:
23 Apr 2024
 
 
 
Summary:
2/2024Restoration Of Bu Maher Fort
Country:
Bahrain
 
Notice Type:
Tender Notice
Deadline:
26 May 2024
Posting Date:
23 Apr 2024
 
 
 
Summary:
4602/2024/3100New Hawar Swro Desalination Plant
Country:
Bahrain
 
Notice Type:
Tender Notice
Deadline:
23 Jun 2024
Posting Date:
23 Apr 2024
 
 
 
Summary:
System Development And Support For Foreign Trade & Industrial Property
Country:
Bahrain
 
Notice Type:
Tender Notice
Deadline:
15 May 2024
Posting Date:
23 Apr 2024
 
 
 

Key Features

  • • 50000 + notices daily
  • • Daily Email alerts
  • • Personal dashboard
  • • Website Access
  • • Weekly Excel
  • • Market Reports
  • • Analytics
  • • Customer support

Quick Links