- Home : Middle East Country Guides : Bahrain : Business Profile
Bahrain » BusinessStatistics• GDP: US$11.6 billion (2005 estimate).
• Main exports: Petroleum and petroleum products, aluminum and textiles. • Main imports: Crude oil, machinery and chemicals. • Main trade partners: USA, Korea (Rep), Saudi Arabia, Japan, UK and Germany. EconomyOil dominates Bahrain’s economy and, together with gas and petrochemicals, accounts for the bulk of exports and government revenue. That proportion is falling, however, as Bahrain seeks to diversify its economy and the reserves dwindle.
Several successful industrial projects, including aluminium production, an iron-ore processing facility and an ammonia-methanol plant, have been set up. In the service sector, the financial services industry has expanded dramatically in recent years, as companies trading in the region have set up their regional centres in Bahrain, where the relatively relaxed environment is an important factor in a region where rigorous social mores are often the norm. In September 2004, a Free Trade Pact was signed with the USA. However, Saudi Arabia condemned the move, saying it hindered regional economic integration. Business EtiquetteBusinessmen are expected to wear suits and ties. Business must be done on a personal introduction basis. Normal social courtesies should be observed but introductions and greetings are important and polite conversation is expected before business discussions begin. Bargaining is common practice: Arabs regard their word as their bond and expect others to do the same. The best time to visit is October to April.
Office hours: Sun-Thurs 0800-1300 and 1500-1730 or 0800-1530. Business ContactsCommercial Arbitration Centre
PO Box 16100, Adliya, Bahrain Tel: (17) 825 540. Website: www.gccarbitration.net |
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Content in the country guide is updated every 3 months and is to the best of our knowledge accurate and up-to-date. The information contained is intented as a general guide - any opinions or travel advise expressed are not necessarily those of AME Info FZ LLC.
The information is provided in association with Columbus Travel Publishing Limited and my not be republished or reproduced in anyway without the prior written consent by the publisher.
All information made available from within this product is provided without warranty of any kind, either express or implied, including but not limited to, any warranties as to merchantability, non-infringement or fitness for a particular purpose. We accept no responsibility for any loss, injury or inconvenience sustained by any person resulting from this information.
AME Info FZ LLC or Columbus Travel Publishing Limited shall not be liable for any technical, editorial or typographical or other errors or omissions within the information accessible through this product.
Whilst changes are periodically made to the information herein AME Info FZ LLC or Columbus Publishing Limited does not warrant that information currently accessible is either up-to-date or accurate.
All product names mentioned herein are subject to the trademarks and/or trademark rights of their respective owners.
3D Animated Flags used in this section is courtesy of www.3DFlags.com
Please contact us if you have any questions or corrections to the content in this section.
Information in this section was last updated: Monday, September 29 - 2008
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