Bahrain: Reinvigorating reform
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.
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