Bahrain: Reinvigorating reform

Country Views
Bahrain Manama

This week, we take a close look at Bahrain’s reinvigorated reform agenda, as it looks to build on favourable oil prices by introducing numerous new policies and CAPEX plans. We analyse how: 

  • Bahrain has allocated around USD 30B for future infrastructure projects, which will create jobs, increase tourism, and further diversify the economy ahead of Bahrain Vision 2030.
  • A VAT rate hike next year will almost double the country’s tax revenue and boost state coffers.
  • While balancing the budget by 2024 will be challenging, Bahrain is set to post steady growth underpinned by ambitious reforms and supportive oil prices.

 

Florence Eid-Oakden, Ph.D, Chief Economist

Abdelgadir Shukri, Analyst

The Country Views series shines the spotlight on specific developments in MENA countries, analysing them from a local perspective to deliver forward looking views for businesses and investors.

To access this report, please click here.

SHARE THIS ARTICLE