A decision to increase rates for leasing land in Bahrain from 200 up to 600 per cent has caused concern among business owners. Rates for industrial land will be doubled to BD1 ($2.6) per square metre, rates for logistics services land will increase fourfold to BD4 and commercial exhibitions land rates will rise 600 per cent to BD9 per square metre..

The new rates will affect their businesses as well as the services provided to end-users, which will negatively impact the investment climate in Bahrain and eventually the national economy, they told our sister paper Akhbar Al Khaleej.

The move follows a Cabinet decision to reclassify industrial zones and land into three categories, reported the Gulf Daily News (GDN). - TradeArabia News Service