With the discovery of oil in 1932, Bahrain enjoyed rapid economic development. In the 1960s, the Government adopted a strategy of economic diversification that favored non-oil industries that promised sustainable, long-term growth. Bahrain focused on improving physical infrastructure, telecommunications network, and the legal system in an effort to attract top-quality international companies and investors to Bahrain. Oil revenues were reinvested in education and healthcare, both drivers for non-oil industrial growth. Today, Bahrain offers a strong business ethic and a progressive investment environment.
Foreign investors choosing Bahrain benefit from its close proximity to other GCC countries. They see Bahrain as a friendly, modern gateway to the regional market. The presence of high net-worth individuals, as well, provides a relatively large pool of capital and a sophisticated customer base.
Today, Bahrain has identified six economic clusters as the most promising industries for foreign investment and the government has provided incentives to the international community for investing in Bahrain.
The six sectors are:
