Bahrain’s burgeoning business environment continues to create foreign investment opportunities, despite the knock-on effect of an uncertain globally economy, said Servcorp, a leading provider of serviced offices and business package solutions in the Middle East.

The Bahraini government has ambitious plans to develop its non-oil sector, which (as per the IMF) accounts for 76 per cent of the kingdom’s total GDP. In 2016, the country secured a total of $280 million of foreign inward investment from 40 new companies.

"At Servcorp, we have witnessed an uptick in the market as both regional and global companies invest in the region," remarked Laudy Lahdo, Servcorp’s general manager for Middle East.
 
"The government is actively seeking foreign and private sector investment – highly promising growth sectors include the financial services, industrial and manufacturing, logistics, tourism and information communications technology (ICT)," she stated.

According to Servcorp, regulatory reforms have helped to pique investment interest among foreign companies – Bahrain was the first country in the Mena region to integrate limited partnerships laws into its legal system nationwide with the introduction of the Limited Investment Partnership Law.

New measures have also been adopted to support start-ups including reduced minimum capital requirements.

On the future of Bahrain’s business environment, Lahdo said: "The kingdom’s rising population and skilled human capital are strong fundamentals driving its economy. Additionally, there are an unprecedented pipeline of large-scale infrastructure projects - including the Bahrain International Airport Expansion, The Avenues Mall and the King Hamad Causeway - that are set to further stimulate the market."

"Foreign investors definitely stand to gain from Bahrain’s burgeoning business environment – the ease of setting up business in the region allows individuals and corporates to establish a presence in only a course of days," she stated.

"At Servcorp, companies in Bahrain have the option to use our in-house business registration capabilities – a platform developed to further facilitate the ‘set up’ process," added Lahdo.-TradeArabia News Service