Bahrain’s National Suggestions and Complaints System, ‘Tawasul’ and the National Portal, bahrain.bh, contributed to the Kingdom’s high ranking in the E-Participation Index (EPI). It reflects the ability to reach the public through multiple electronic channels through the digitizing of government, judicial and education services, particularly in light of the Caronavirus pandemic. The index is published every two years by the United Nations Department of Economic and Social Affairs (UNDESA). To read more click here.
Government bodies in Bahrain moved to the cloud and nationwide commercial 5G was rolled out. Various banks were quick to adapt, offering different unique online services. Meem was the region’s first shari’a-compliant digital banking service. Fawri and Fawri+ – the electronic funds transfer system – saw an enormous increase in usage. The financial services industry in Bahrain contributes 17% of non-oil GDP and is the biggest contributor after oil. To read more click here.
The expected re-opening of the causeway was reported by Ashara Al-Awsat newspaper who reported that the meeting of the Bahrain Coordination Committee pointed to the possibility of the reopening of the bridge on July 27. The causeway was closed on 7 March for precautionary reasons during the COVID-19 outbreak. Strict protocols will be implemented to limit the spread of the virus. To read more click here.
The substation forms part of the infrastructure for the Durrat Marina development ensuring permanent electricity supply. The development includes luxury seafront villas, apartments, a yacht club as well as the marina and will be known as the ‘downtown’ of Durrat Marina. The substation work is expected to be completed before the end of the year. To read more click here.
Initial trial production of medicines boosting immunity will begin at Bahrain’s first drug factory located at the Bahrain International Investment Park (BIIP) in Hidd. The factory will not only reduce transportation and purchase costs, it will also be important in terms of research and development for the region. Work on a second factory, Gulf Biotech, is 95% completed and will produce emergency drugs. To read more click here.
Bahrain based businesses will now be able to access and market software and data providers through AWS Marketplace and AWS Data exchange. AWS Marketplace simplifies the process of finding, buying and deploying software solutions and AWS Data Exchange will make it easy to find and subscribe to data products from around the world. AWS has already made an impact on major private and public companies in Bahrain, simplifying their technology procurement processes. To read more click here.
Construction of Alba’s Spent Pot Lining (SPL) treatment plant is on schedule and has progressed by more than 21%. The anticipated start of operations is expected in the first quarter of 2021 and will have the capacity to treat 30,000 to 35,000 tonnes of SPL per year. To read more click here.
Bahrain’s real estate sector has no doubt been impacted by COVID-19 but it is a good opportunity for investors to take advantage of the many incentives that developers may be offering. The Real Estate Regulatory Authority’s (RERA) regulations introduced a few years back will be tested in the next few months and is geared towards protecting investors and improving market confidence. to read more click here.
Tatweer Pretroleum has awarded a multi-million dollar contract to Petrofac, a leading provider of oilfield services. Pretrofac’s Engineering and Production Services division (EPS) was awarded the contract to provide engineering, procurement, construction and commissioning of an upstream gas project in Bahrain. Petrofac has been in Bahrain since 2015 and has successfully completed several oilfield contracts. To read more click here.
Work on the Bapco Modernisation Program (BMP) is ready to begin with the construction of the temporary jetty in north west Sitra. The work is being done by TechnipFMC JV (joint venture between Technip FMC, Spanish contracting firm Technicas Reunidas, and Korea’s Samsung Engineering) with the aim of expanding the capacity of the existing Sitra oil refinery from 267,000 barrels per day (bpd) to 360,000 bdp. Bapco is a leading oil and gas company in Bahrain contributing to the region’s energy related activities. To read more click here.
Whether you’re planning a brief business trip or a long-term presence, are looking for conference facilities, a virtual presence or a fully serviced office, help with documents or immigration, or just want to know more about doing business in Bahrain, we’re here to help.
News & Events
- e-Government initiatives in Bahrain ensures a second place ranking in the 2020 United Nations e-Government Survey. July 20, 2020
- Minimal impact to banks in Bahrain from COVID-19 due to strong digital infrastructure that was already evolving. July 15, 2020
- Possible re-opening of the Bahrain-Saudi causeway on 27 July. July 7, 2020
- Substation work at Durrat Marina progressing. July 7, 2020