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A
Presentation
onUpcoming industries and sector of the Bahrain & the
potential scopes for the international business
Presented By: Patel Parth. (339)
Patel Robin. (342)
Patel Roshni. (343)
Patel Sharvil. (344)
Patel Shreya. (345)
Patel Sunil. (346)
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ntro uct on The Kingdom of Bahrain is an archipelago of 33 small islands, with a
total land area of 665 sq kms or around a quarter of the size of the
Australian Capital Territory.
People:
98% Muslim with small Christian, Jewish, Bahai, and Hindu
communities.
Language:
Arabic (official), English, Farsi, and Urdu are also widely spoken.
Government
Type: Constitutional hereditary monarchy
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Economy:
GDP per head: GDP (2009): $20.59 billion. Per capita GDP (2009 est.):
$38,400.Real GDP growth rate (2010): 4.5%.
Inflation: 2.6% (2010)
Major Industries: Financial Services, oil and gas (production and
refining), Aluminum, and ship building and repair, leisure and tourism.
Natural resources: Oil, aluminum, textiles, natural gas, fish, pearls.
Agriculture: Products--fruit, vegetables, poultry, dairy products, shrimp,
fish.Major trading partners: Saudi Arabia, US, India, Japan, UK, France,
South Korea.
Services: Finance, transport and communications, real estate, government
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INTERNATIONAL RELATIONS
Relationships with its neighbors in the Gulf Co-operation Council(Qatar, Kuwait, Oman, Saudi Arabia, and the UAE), the US and the
UK, and with other Arab states.INDIA BEHRAIN RELATIONSHIP
Relations between India and Bahrain have been growing steadily and have
touched new horizons.
Trade has been intensifying between the two countries.
India and Bahrain have always maintained friendly and cordial relations.
The two countries hold similar views on several important international
issues.
Economic and commercial relations between the two countries have
strengthened.
advantageous for both countries to go ahead with joint ventures
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Why choose Bahrain as an investment location
Attractive investment location.
Opportunities and advantages offered to potential investors.
Sophisticated market infrastructure.
Market
A strategic location in Western Asia
Situated halfway between eastern and western time zones. A regional market of 100 million people.
The hub of aviation in Western Asia
Modern integrated air, sea and road transportation system 6
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Financial Advantages
No personal, corporate or withholding taxes.
No exchange control restrictions on repatriation of capital, profits
and dividends.
A freely convertible and stable currency linked at a fixed rate to the
United States dollar.
Low-cost utilities, fuel and telecommunications.
Serviced factory and warehouse sites available at low cost.
Labour costs one third of those in industrialized countries.
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Other Advantages
100 percent foreign ownership of companies permitted.
Mature legal infrastructure and internationally accepted trade
practices.
Western Asia's international financial center.
A major center of regional insurance activities.
Extensive free-zone facilities.
The regions most advanced digital telecommunications system.
Skilled and resourceful workforce fluent in Arabic and English
Pleasant, secure and cosmopolitan lifestyle.
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Key Sector OutlookIndustry sectors in Bahrain will grow fastest, and
the major investment opportunities in the market.
Bahrain ministry of industry identifies investment
opportunities in Bahrain's high growth industries including,
Automotives
Food & Drink
Freight Transport
Infrastructure
Oil & Gas
Pharmaceuticals & Healthcare
Telecommunications
IT9
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LIST OF UPCOMING INDUSTRIES PREDICTED VERY
ATTRACTIVE
(a) cargo storage, consolidation, re-export and distribution
(b) sea and air cargo
(c) cargo handling systems; courier operations
(d) aviation-related engineering support and maintenance facilities
(e) tourism projects and travel services
(f) hospitality services
(g) road transportation.
Most attractive upcoming industry:
Tourism project and Travel Services 10
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Indian investors have the choice to establish their own companies or
have joint ventures with Bahraini companies.
Indian banking and insurance companies can benefit from Bahrain.
Indian companies can look into the possibilities of having joint
ventures to build means of transport (sea, road, rail) and in lots of
other areas.
Bahrain pays lots of attention to the IT sector. Thus, it is only natural to
cooperate with the Indian IT corporate who have done a wonderful job,
not only in India, but worldwide.
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Further, there are possibilities of investments in new
sectors like atomic energy, solar energy, tourism and
land development
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Business Scope
Unique mix of market access, skilled labor, low operating costs andzero corporate taxes, combined with an excellent lifestyle offer, has
stimulated investment across a wide range of sectors.
Incentives to the Investors :
No taxation on personal or corporate income &
No withholding and VAT Tax ,
100 % Repatriation of capital and profits ,
100 % ownership of business to foreigners and
100 % ownership of land to foreigners. 14
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Other Financial Incentives : A Freely convertible & stable
currency linked at a fixed rate to the US $.
International Trade Incentives : Duty Free Merchandise for Re-
Export , Duty Free Import of materials and machinery
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We now have an established track record in a number of key sectors,
with new sectors developing all the time.
Financial services
Business and professional services
Logistics
Education and training
Events & Conferences
Automotive Manufacturing
Information Communication Technology (ICT)
Real Estate
Tourism
Petrochemicals
Plastic 16
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Petrochemical Industries and Plastics Sector
The petrochemical industry ranks high on the priority list of
industrial development in Bahrain and has enjoyed support from
the Government and relevant agencies, as will from the private
sector in Bahrain.
Petrochemical-based downstream, such as chemicals, detergents,
paint, medical and industrial gases, plastics, synthetic sponges,
fiberglass, heat insulators, etc. form a major part of this industrial
sector. These have attracted private sector investors due to the
smaller capital.
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Car Manufacturing in Bahrain
Bahrain is an excellent location for car manufacturing due
to the availability of raw materials such as aluminum, the
low cost of energy and the availability of a skilled
workforce.
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Tourism
Bahrain offers great potential as both a regional and a world tourist
destination, blessed with 33 islands, a cosmopolitan capital city; an
attractive, liberal lifestyle; and a rich history and culture.
Meetings, Incentives, Conferences and Exhibitions (MICE)
sector. In 2006 they attracted 4.5 million business and leisure
visitors. Because of its location, competitive prices, state-of-the-art
technology and services,
Bahrain is an ideal place for MICE.
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Food Manufacturing in Bahrain
There is high demand for foodstuffs as a result of the growing
populations in the region. Bahrains strategic location at the
heart of the Gulf, the opportunities promised by the Bahrain
International Investment Park, and the low cost of setting up
and running industrial facilities, puts Bahrain at a
distinct advantage over its neighbors as a manufacturing hub.
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In September 2010 Mani & Co., one of the Middle Easts
fastest growing producers of fruit and nut snacks, unveiled
plans to expand its operations into Bahrain. There are also
plans for the construction of Bahrains first sugar refinery
for local and regional markets at the Salman IndustrialPark in 2011.
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Garments Industries sector
This industry started in Bahrain before 12 years to benefit from
the export quota to United States of America. There are 23
ready-made garments factories and 5 yarn factories This
industry is 100% export oriented to USA, Europe and Canada.
The Government of Bahrain provides tax exemption on import
of equipment's and raw materials to this industry, and provides
the share of the export quota. The Ministry of Industry
participated in establishing the Bahrain Training Center.
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Construction
The government of Bahrains 2011-2012 budget is the largest in the
countrys history. As part of Economic Vision 2030, the budget
includes funding for major construction initiatives including the
Northern Bridge City, a new industrial city, new roads, flyovers,
hospitals, and clinics.
The Economic Development Board is taking an initiative to
modernize the infrastructure in the kingdom to attract foreign direct
investments.
So there is a wide scope for the Construction Sector in Bahrain. 23
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ConclusionBahrain having small geographical area with pleasant ,secure , safe , cosmopolitan lifestyle and good support ofgovernment for new small as well as big business sectors
there are good scope for investors to invest in Bahrain.
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.nationsencyclopedia.com/economies/Asia-and-the-Pacific/Bahrain-
www.encyclopedia.com/topic/Bahrain.aspx
www.bahrainedb.com/auto-manufacturing.aspx
www.bahrainedb.com/Tourism.aspx
www.economywatch.com/world_economy/bahrain/
www.thenational.ae/business/economy/business-standstill-hits-bahrain
www.arabianbusiness.com/gcc/bahrain/
www.un.int/bahrain/business.html
www.bahrainedb.com/business-opportunities.aspx
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