BAHRAIN NEWS AND BUSINESS UPDATES

Your starting point for all the latest news stories concerning business, legal and other stories and events concerning Bahrain and the Gulf region.

New Joint Venture to Bring $212m to Bahrain

The new Joint Venture, between Kooheji Golden Gate and Indian property developers Ajmera Mayfair, will first develop a project of over 140,000 square meters in Bahrain Bay.  To read more click here.    

Parliament approves VAT for implementation on January 1, 2019

On Sunday 4 October, Bahrain’s Parliament, holding an extraordinary session upon a royal order, approved VAT at the rate of 5% per cent effective from January 1 next year.   Bahrain will be the 3rd country within the GCC to implement the VAT along with the UAE and Saudi Arabia. To read more click here.

Appointment of Mr. Hatim Q. Zu’bi as Private Notary

To accommodate Bahrain’s economic growth and the rise of international foreign investment, and aimed to make the notarization process easier and more time and cost efficient for individuals and businesses, the Bahrain government recently launched an initiative whereby selected individuals have been appointed to serve as Private Notaries. Mr. Hatim Q. Zu’bi, Partner at PRIME […]

US$90m New Production Plant Opens

Mondelēz International opened another production plant located alongside it’s existing one.  It’s approximately 250,000 square metres and will manufacture the well known brands of Oreo and Barni to name a few.  To read more click here.    

Bahraini and Saudi companies are competing for residential projects for the benefit of BDF affiliates.

Ministry of Housing in Bahrain opened pre-qualification documents for the construction two projects in the Wadi Al Sail and Galali areas of the kingdom. More than 50 companies from Bahrain and Saudi are in the race for these two major projects.  To read more click here.

SSH wins Hasabi Waterfront Development

Kuwaiti firm, SSH, has been awarded the design and construction project of the exclusive development located in Durrat al Bahrain.  The project will consist of both residential and commercial aspects including a number of waterfront villas (with private jetty’s), residential and commercial buildings, restaurants, and beach facilities.  To read more click here.