AWS will be setting up it’s first Middle East Cloud technology data centre here in Bahrain and is expected to be operational by early 2019. Bahrain was chosen by AWS as the right location after it decided to digitise all government and ministry operations through cloud services under a new strategy called Cloud First. To read more click here.
Bids will be invited for the building of Bahrain’s first solar power plant expected to be completed by the end of 2019. To read more click here.
The Bahrain Economic Development Board (EDB) and FinTech Consortium (FTC) have launched Bahrain FinTech Bay (BFB), the largest dedicated FinTech hub in the Middle East and Africa. Bahrain will be added to FTC’s global network of locations alongside New York and Singapore, and will be focused on assisting in the development of Fintech firms in the country. To read more click here.
Bahrain’s Central Bank (CBB) has announced the creation of a FinTech Unit will be responsible for the supervision of licensed companies’ activities and operations, including cloud computing, payment and settlement systems, and monitoring technical and regulatory developments in the FinTech field, as well as for the approval process to participate in the Regulatory Sandbox. For more information click here.
Zu’bi & Partners, Attorneys & Legal Consultants (Z&P), Bahrain’s oldest established and leading law firm, and one of the region’s top tier law firms, has for the fourth consecutive year won the prestigious Law Firm of the Year 2017 award for the Kingdom of Bahrain. The award was presented to the firm at a grand ceremony organized at the Burj Al Arab in Dubai, UAE on 18 October 2017 by the International Financial Law Review (IFLR), the market-leading financial law publication for lawyers in financial institutions, corporates and private practice. Z&P is consistently recognized and listed among the top tier law firms in the Kingdom of Bahrain by leading legal journals, directories and periodicals, and has received a number of significant accolades from other prominent finance and legal publications. In the recently released IFLR 1000 2018 rankings, the Firm is ranked as Top Tier Firm in Bahrain.
Senior Partner Qays H. Zu’bi, who attended the high-profile event with some members of his team, commented: “We take pride for being awarded such a distinguished award by IFLR for the fourth consecutive year. The award reflects the Firm’s perseverance and continued performance at the highest levels. This award goes a long way in acknowledging the complexity of the matters handled by the Firm, the excellent legal services which the Firm provides to its clients, as well as the everlasting dedication and expertise of our team of highly qualified lawyers. We look forward to building on our success next year and to expanding the range of services we provide in the region”.
Zu’bi & Partners, Attorneys & Legal Consultants is one of the longest established family law firm in the Middle East and the oldest law firm in Bahrain. It is regularly ranked as a top-tier legal services provider in Bahrain, Dubai and Jordan. The Firm provides legal services across all leading sectors including banking and finance, corporate, commercial, construction, real estate, to name just a few. It acts for both corporate clients and high net worth individuals in many diverse areas, including litigation and arbitration, property, labor, trade and family law. The breadth of expertise and success of the Firm has been widely recognized by independent legal commentators and publications and is reflected in its client base of leaders in their fields, including both private and public institutions, government and quasi-government bodies, as well as high net worth individuals.
Kooheji have been awarded the main construction contract of the 38,500-sq-m Marassi Boulevard residential building which will be a four building apartment complex in Bahrain’s new Marassi Bahrain development in Muhurraq.
The area will also include the 2 new 5 star hotels, The Address Marassi Al Bahrain and Vida Marassi Al Bahrain, as well as high end shopping and entertainment options.
To read more click here.
The organizers, Tenmou in conjunction with the Economic Development Board, hosted the 6th edition of the Summit – which was aimed at showcasing Bahrain’s best practices in nurturing a thriving startup ecosystem. 30 startups from regions such as Saudi Arabia, UAE, Kuwait, Morocco, Jordan, Egypt, and Palestine attended along with more than 200 visitors. Ideas were discussed, thoughts exchanged and networking and contacts made. To read more click here.
PRIME opens new Business Incubator Office – a low-cost, high value option for start-ups
We are very pleased to announce the opening of PRIME Incubator, incorporated to enable us to offer Business Incubation & Acceleration services to new companies setting up in Bahrain – a new concept approved by the Ministry of Industry & Commerce.
Located close to the main PRIME offices, PRIME Incubator will be offering a full range of services and a shared professional working environment designed to nurture, develop and accelerate the growth of start-ups.
As well as providing excellent value, PRIME Incubator will also offer unrivaled expertise, including special tutorials, in order to ease the challenges and difficulties faced by new companies in their first stages of operation.
One of the many benefits of PRIME Incubator is that companies we assist are not required to have a physical address for the first two years of operation and are not required to pay Municipality Fees.
‘Under the land’ mapping of Bahrains utilities is now being done by UK-based specialist, Ordnance Survey International (OSI), aimed at improving the accuracy of the their location. OSI is working with the partner Ministries such as the Survey and Land Registration Bureau (SLRB), the Electricity and Water Authority (EWA), the Ministry of Works, Municipalities Affairs, and Urban Planning to study the current formation and management and will then move onto setting a roadmap for the future precise positioning and recording of the location of the underground utilities. To read more click here.
JCDecaux Middle East has been awarded the ten year advertising agreement for Bahrain’s new International Airport. The French-based company won the following fierce competition from several of the world’s largest firms. 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
- Appointment of Mr. Hatim Q. Zu’bi as Private Notary June 10, 2018
- US$90m New Production Plant Opens April 18, 2018
- Bahraini and Saudi companies are competing for residential projects for the benefit of BDF affiliates. April 4, 2018
- SSH wins Hasabi Waterfront Development March 21, 2018