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BEST OF
bahrain
     Volume   1
Profitable partnerships.
             Every step of the way.
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Ithmaar Bank B.S.C. P.O. Box 2820, Manama, Kingdom of Bahrain. Tel: +973 17584000
www.ithmaarbank.com
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                                                          P.O. Box 18668, Manama, Kingdom of Bahrain


                                                          WWW.SOLIDARITY.COM.BH
Health and Beauty




2
Best of Bahrain
Welcome to Bahrain!
                           If you are reading this you are already part of a truly global way of life and are
                           entering our Global Village arena where we showcase our country, our people
                           and our culture and the opportunities that exist in becoming a part of our
                           present and future. Global Village Partnerships and the “Best of” series is a
                           fast growing international media group and “Best of Bahrain” is a first step in
                           introducing the Kingdom on a positive note to our global audience.

                           We feature the Kingdom of Bahrain’s Vision 2030, Business Friendly orientation
                           as the Government focuses on the development of the community and our
                           international business and investment relations. Our genuine hospitality as
                           people in lifestyle and business is unrelenting and synergetic with all of Bahrain’s
                           citizens and residents. Our goal has been to exhibit the diversity with as
                           many key players and initiatives as possible from top organizations to singular
                           entrepreneurs and talented individuals who are contributing to the successful
                           growth of this Kingdom. There are many more still to showcase in future
                           editions of “Best of Bahrain” and on our online social networking portal for
Rawia Beyhum - Publisher   businesses www.GVPedia.com.

                           We are lucky to have been firstly supported by Bahrain’s Economic
                           Development Board, who are our ambassadors to the Kingdom encouraging
                           and inviting the global audience to merge amongst its establishments and set
                           up base here. We proudly recognize the guidance of His Royal Highness the
                           Prime Minister’s Court and all of Bahrain’s ministries, who saw the importance
                           and potential of this publication in providing a neutral voice to the Kingdom. In
                           our discovery of the Kingdom we have witnessed kindness, traditional values
                           and unique talents that contribute to the wholeness of life here. We are proud to
                           present to you this inaugural edition that will be eclipsed in the next editions of a
                           small nation with a world to offer.

                           Please make sure to visit Bahrain’s Economic Development Board (EDB) on
                           www.bahrain.com and the Kingdom’s e-Government portal www.bahrian.bh
                           during your stay for further information on the Kingdom of Bahrain.

                           This publication would not have been possible without the support from our
                           participating businesses, entrepreneurs, individual talents and the staff of Middle
                           East Media (MEM) our media partner in the Kingdom of Bahrain.

                           Rawia Beyhum
                           Publisher

                           International Group Publisher           Sven Boermeester
                           Bahrain Publishing Partner              Middle East Media Marketing L.L.C.
                           Publisher                               Rawia Beyhum
                           Project Manager                         Lisa Ashworth
                           Production                              GVPedia Communications
                           Editors                                 Lisa Durante, Reena Raghavamoorthy
                           Creative Direction                      Peter Batistich
                           Images                                  List of Photography Contributors see Index on page 188
                           Information Sources                     Economic Development Board (EDB), Ministry of Culture & Information, Vision 2030

                           ISBN # 978-0-620-39819-0

                           Disclaimer: Every effort has been made to ensure the accuracy of the information in The Best of Bahrain Vol. 1.
                           Neither Best of Bahrain nor GVPedia Communications cc assume any responsibility for errors or omissions.

                           All rights reserved: No part of this publication shall be reproduced, copied, transmitted, adapted or modified in any form or by
                           any means. This publication shall not be stored in whole or in part in any form in any retrieval system.

                           Contact details:
                           Ms. Rawia Beyhum
                           Middle East Media Marketing L.L.C.
                           PO Box 10688
                           Al Matrook Bldg. 9th Floor, Flat. 101
                           Tel: +973 17 53 6535
                           Mobile: +973 39 78 5868
                           Fax: +973 17 53 3511
                           www.middleeastmedia.co.uk
                           Email: rawia@membah.com

                           In Partnership with: www.gvpedia.com
                                                                                                                    Sponsored by
                           Global Village Partnerships FZ LLC




                                                                                                                                    Best of Bahrain           3
Business Friendly Bahrain
Best of Bahrain



                  “Bahrain provides a free, open and transparent environment for
                  businesses and has a globally competitive, value-creation story
                  which focuses on sustainability, skills and good governance.”
                  Shaikh Mohammed bin Essa Al Khalifa, Chief Executive of the EDB.
O      ver the past century,
       Bahrain has led the Gulf
in many different areas, from
                                        decades. The financial services
                                        sector has been thriving for nearly
                                        40 years bringing about a certain
oil exploitation to finance             dependability, sustainability and
and education. This has                 business wisdom. Bahrain also
given Bahrainis their uniquely          has a tried-and-tested legal
sophisticated outlook, which            and regulatory environment in
supports a core culture of              which investors can trust to fairly
openness and freedom, and lies          protect their interests in an open
at the heart of everything they do.     and transparent manner.
    Bahrain is the Gateway to the           The quality of growth in a
Gulf, with particularly favourable      country depends primarily on the
access to Saudi Arabia and the          quality of its people. Bahrain’s
ideal business hub due to its           business sector is supported
strategic location in the region,       by the most productive, highly-
excellent transport network,            skilled national work force in the
and a reputation for cultural           GCC. For example, 67% of the
neutrality and friendly ties with its   financial services workforce is
neighbours.                             Bahraini and education in the          Shaikh Mohammed Bin Essa Al-Khalifa, Chief Executive,
                                                                               Economic Development Board
    Bahrain’s free market means         country is of a very high standard.
that businesses are allowed                 Tamkeen (formerly the Labour
to operate freely, with minimal         Fund), has invested around $185        an authenticity about Bahrain         of opportunity and optimism.”
red-tape and foreign ownership          million to train more than 19,000      that is unique to the Gulf. Low       Bahrain was the first country in
restrictions. According to the          Bahrainis and provide them with        inflation and sustainable growth      the region to diversify away from
Index of Economic Freedom               sector-specific skills. Education      also mean that quality of life is     oil and gas 40 years ago. From
2009, Bahrain is the 16th freest        reforms have also been                 amongst the highest in the GCC,       the outset, the government set
economy in the world and the            introduced to improve education        especially for families.              in motion a series of initiatives to
freest in the Middle East. In fact,     and skills training in line with                                             encourage industry sectors which
Bahrain is the only economy             the requirements of the private        Investment                            can offer significant investment
in the MENA region to rank              sector, adopting best practice                                               potential, based on Bahrain’s
amongst the world’s top 20.             from some of the world’s most          OppOrtunItIes                         natural and human resources,
The Kingdom was also the first          successful educational models.         Shaikh Mohammed bin Essa Al           global market trends and regional
country in the GCC to have                  Furthermore, Bahrain is an         Khalifa, Chief Executive of the       demands.
ratified a Free Trade Agreement         open, tolerant and welcoming           Bahrain Economic Development              Bahrain’s overall economic
with the United States of               society that has long respected        Board (EDB): “Bahrain is the          strategy is focused on the
America.                                people of all cultures, ethnicities,   most diversified economy in           creation of high-quality jobs in
    Importantly, Bahrain has            denominations and genders. With        the Gulf and our strength is in       sustainable industries and value-
a strong track record and its           its multicultural society, boutique    this diversification. We have a       added sectors. The country
modern international business           restaurants, and a thriving arts       wellbalanced economy that is          now carries an established
credentials extend well into the        scene and café culture, there is       growing with sectors and islands      track record in a number of key




                                                                                                                                        Best of Bahrain     5
sectors:                                 over the 2006 to 2008 period.          standards that have helped attract    in 1984. Formal regulations
Financial services                       Bahrain’s banking sector               institutions to the country and       governing funds were introduced
Widely regarded as the                   comprises both conventional and        led to the rapid growth of Islamic    in 1992 which encouraged the
bestregulated financial centre in        Islamic banking and is the largest     finance assets.”                      development of a thriving fund
the Middle East, Bahrain has been        segment within the Kingdom’s                Bahrain is widely recognised     sector and leading to Bahrain’s
the region’s undisputed financial        finance sector.                        as the global leader in Islamic       dominance as the Gulf’s regional
capital for decades. The Central             A key feature of the banking       finance, with the largest             funds centre. As at October
Bank of Bahrain (CBB) is the sole        system in Bahrain is the rich          concentration of Islamic financial    2009, Bahrain was home to more
regulator of the entire financial        variety of locally incorporated and    institutions in the world. At         than 2,600 registered funds.
services sector.                         international banks (conventional      present, there are 27 Islamic         Of these, 137 are Bahrain
    As of November 2009,                 and Islamic) that operate in the       banks (whose assets under             domiciled schemes, and 59 are
there are 414 licensed financial         Kingdom. Between them, these           management total US$25.7              Islamic funds.
institutions based in Bahrain,           banks provide professional             billion), 18 Islamic insurance
including local, regional and            services and products to retail,       companies (Takaful), and 1            Insurance & reinsurance
international firms. Banking is          wholesale and private wealth           re-Takaful firm operating in          The insurance industry in
the cornerstone of the finance           clients. Several locally               the Kingdom. A number of              Bahrain has been growing
industry, and has diversified into all   incorporated banks have either         conventional banks have also          steadily and strongly in recent
aspects of finance including funds,      branches or subsidiaries in other      successfully integrated Islamic       years demonstrating double
insurances, reinsurances, Islamic        countries throughout the Middle        products within their operations.     digit growth, and mirroring the
finance and capital markets. This        East, Far East, Africa, Europe and     In addition, Bahrain is at the        expansion of Bahrain’s financial
has created a large pool of local        the United States. Overall, the        forefront of the market for Islamic   sector. The Kingdom offers
talent.                                  total consolidated balance sheet       securities (sukuk), including         the ideal environment for the
    The financial sector is one          of the banking sector reached          short-term government sukuk,          insurance industry, and with its
of the most important and                $218.9 billion by October 2009.        as well as leasing securities.        forwardlooking and business-
wellestablished sectors of                                                      The CBB has played a                  friendly regulatory regime it
Bahrain’s economy accounting             Islamic Finance                        central role in the introduction      hopes to sustain this growth in
for 26.59% of Gross Domestic             Khalid Hamad, Executive Director-      of these products.                    the longterm. Bahrain is home to
Product in 2008 according to the         Banking Supervision, CBB: “Whilst                                            more than 170 insurance firms.
Central Informatics Organisation.        the underlying principles of Islamic   Funds Administration &                    Reinsurance is a smaller market
Banking                                  finance have safeguarded it            management                            than the main insurance sector
Bahrain’s banking system                 against the worst of the economic      Bahrain has a thriving funds          in Bahrain, but it is one that is
experienced annual average               downturn, it is Bahrain’s tried and    industry, with the first Bahrain      steadily growing. An increasing
growth rates of 18 per cent              trusted world-class regulatory         domiciled fund being launched         number of companies are offering
reinsurance for local companies       investment vehicle, Bahrain           Low set up costs, access to          and the proposed Bahrain-Qatar
and using Bahrain as a base from      Mumtalakat Holding Company            competitively priced, skilled        causeway. It is also just 13km
which to do business globally.        with a capital of BHD2 billion.       labour, political and cultural       from Bahrain International Airport,
                                      Mumtalakat is committed to            neutrality and a favourable legal    making it perfectly positioned as
takaful                               fostering the development of          environment combine to make          a multimodal logistics hub for the
With the region’s Takaful market      the company through greater           Bahrain the ideal operating          region.
set to boom over the next few         transparency, better accountability   environment.                            Shaikh Mohammed bin Essa
years, Bahrain is rapidly being       and improved growth of its                                                 Al Khalifa, Chief Executive of the
established as the leader in          investments.                          Information Communication            EDB, said:
this field. Bahrain is the first                                            technology (ICt)                     “The Khalifa bin Salman Port
market to introduce regulations       _____________________________         Bahrain boasts the Middle East’s     and Bahrain Logistics Zone now
for Takaful companies that met                                              most liberal and advanced ICT        represent a world class logistics
with Accounting & Auditing            On top of a thriving financial        infrastructure and policies. The     hub right at the heart of the Gulf,
Organisation for Islamic Financial    services sector, the Kingdom          Bahrain ICT market is expected to    providing the ideal location from
Institutions (AAOIFI) standards.      also has strong professional          reach $375 billion by 2010, due to   which to tap into the almost
Predictions at the Takaful            services, logistics and               the high demand for IT products      one trillion US dollars combined
conference held in April 2008         manufacturing sectors.                and services from both public        market of the GCC countries
suggested that the industry was          International businesses           and private sectors. The growing     and its rapidly expanding, young
set to increase to US$10 billion      already in Bahrain include            need for robust IT solutions is      population.”
by 2015.                              Microsoft, Kraft, BNP Paribas,        also being driven by massive
                                      Ernst & Young, KPMG, DHL and          eGovernment and eCommerce            Automotive Industry
sovereign Wealth Funds –              Standard Chartered Bank.              initiatives, aimed at achieving      Bahrain has consistently stood
mumtalakat                                                                  economic diversification. Bahrain    at the forefront of a thriving
Kamal Ahmed, Chief                    Business & professional               offers low entrance costs and its    automotive sector in the Middle
Operating Officer of the EDB:         services                              market is rich with opportunity.     East, having joined an elite club of
“The independent ranking              With the largest financial services                                        18 nations by hosting the Formula
of Mumtalakat as the most             centre in the Gulf and close          Logistics                            One World Championship six
transparent Sovereign Wealth          proximity to Saudi Arabia’s oil       Bahrain is currently investing       times in a row. The automotive
Fund in the Gulf is further proof     and gas markets, opportunities        US$2.9bn to upgrade its logistics    industry in Bahrain grew by
of the Kingdom’s commitment           for professional and business         infrastructure. The Bahrain          6.8% in 2007 and a further 10%
to the highest standards of           services are abundant in Bahrain.     Logistics Zone is fully integrated   in 2008 and the Kingdom now
accountability and robust             These include law, accountancy,       with the new Khalifa bin Salman      has substantial expertise in the
regulation that has created a         management consultancy,               port, and is in close proximity to   sector, especially in motor sport
stable business environment.”         marketing services, engineering       both the King Fahd causeway          and aluminium component
    In 2006, Bahrain set up its own   services and human resources.         linking Bahrain to Saudi Arabia      manufacturing.
About the Bahrain eDB                             both the public and private sectors to             Bahrain’s competitive advantages and
                                                  work closely together to achieve Bahrain’s         provide significant investment opportunities.
  Kamal Ahmed, Chief Operating Officer            strategic objectives for change and growth.        The Bahrain EDB works to enhance the
  of the EDB: “The Bahrain EDB strives            Shaikh Mohammed bin Essa Al Khalifa is             capabilities, infrastructure and policies that
  to be the catalyst for change that will         the Chief Executive of the Bahrain Economic        are tied to the economic sectors and to
  transform Bahrain into a preferred              Development Board.                                 the overall business environment. In doing
  global business destination.”                                                                      so, the EDB aims to attract foreign direct
                                                  eDB Initiatives                                    investment in these areas and contribute to
The Bahrain Economic Development                  The Bahrain EDB has played a prominent             the Kingdom’s economic growth.
Board (EDB) is a dynamic public agency            role in a number of important initiatives.             The Bahrain EDB is responsible for
responsible for formulating and overseeing        These include Bahrain’s hosting of the             promoting the Kingdom of Bahrain abroad
the economic development strategy of              Middle East’s first ever Formula 1TM Grand         through its overseas network of dedicated
Bahrain, and for creating the right climate to    Prix; becoming the first country in the Arab       offices, in India, Japan and Hong Kong,
attract direct investment into the Kingdom.       world to fully liberalise its telecoms industry;   and by working closely with its embassies
    The role of the Bahrain EDB is to provide     and establishing a Free Trade Agreement            around the world to promote business
leadership by uniting all of the Kingdom’s        with the United States.                            investment opportunities.
shareholders through a unified vision, and            The Bahrain EDB currently seeks                    In addition, the Bahrain EDB offers an
to develop key strategies for growth. The         to attract inward investment across                investor-facilitation service to first-time
Bahrain EDB also acts as a facilitator, helping   several economic sectors in line with the          investors interested in doing business in
all of Bahrain’s stakeholders to understand       government’s aspirations to promote                Bahrain. A dedicated business development
and adopt the changes necessary for               productive and sustainable growth, as set          officer serves as the first point of contact
progress. In addition, the Bahrain EDB            out in Bahrain’s Economic Vision 2030,             to the Kingdom, working to understand
provides sound project management to              launched in October 2008. The National             the objectives of each investor, providing
ensure that all agreed reform initiatives are     Economic Strategy provides a roadmap               information regarding the relevant
implemented effectively.                          for the vision, which sets the direction           procedures for setting up businesses, and
    The EDB is chaired by His Royal               for Bahrain’s future development, aiming           helping them to develop a strong network of
Highness Prince Salman bin Hamad Al               to build a better life for every Bahraini by       contacts to successfully conduct business
Khalifa, Crown Prince of Bahrain. The             utilising the private sector as an engine          in Bahrain.
EDB Board of Directors consists of 17             for growth and focusing on modernizing
government ministers and 10 leading               the economy, developing new skills and
executives from the private sector. The           enhancing productivity and innovation.                                 Tel: +973 17 589 969
Board’s composition is designed to enable         Several economic sectors capitalise on                                www.bahrainedb.com
Kamal Ahmed, Chief Operating
Officer, Economic Development Board
ChapterS
Best of Bahrain



                          Hotels & Hospitality                     Dining & Entertainment
       42-53




                                                        54-63
Chapter 1




                                                 Chapter 2



                 Health, Beauty & Wellness                        Training, Education & CSR
       108-115




                                                        116-129
Chapter 5




                                                 Chapter 6




                   Oil, Gas & Manufacturing      Media, Communications & Technology
       164-169




                                                        170-187
                                                 Chapter 10
Chapter 9




10           Best of Bahrain
Travel, Tourism & Events                           Arts & Culture
       64-77




                                                   78-107
Chapter 3




                                            Chapter 4




    Real Estate, Construction & Design                       Banking, Investment & Finance
       130-149




                                                   150-163
Chapter 7




                                            Chapter 8




                                BEST OF
                                bahrain                                              Best of Bahrain   11
The Court of HRH
                        The Prime Minister




Your Royal Highness, how              Bahrain is a country of limited      These mechanisms were set           and economic growth.
has your Government                   space and resources. In such         in place since the early stages     Simultaneously, any social or
supported the development             a situation it is only natural to    of the state formation, which in    economic development is subject
and diversification of Bahrain’s      define your ambitions within         turn contributed to witnessing      to this stability.
economy in light of the current       these limitations. Faced with such   a limited negative magnitude of
difficulties and successive           challenges Bahrain conducted         the recent global crisis, keeping   Therefore, as we look today
global and regional crises?           in-depth studies with a futuristic   Bahrain as immune as possible       at the achievements realized
Global difficulties are a testament   approach that recognizes the         under such circumstances.           by the people of Bahrain as a
of Bahrain’s ability to overcome      indispensability of developing                                           consequence of the Kingdom’s
the reality and employ it for         mechanisms for income                We believe that any progress        diversification policy, we
the realization of its interests.     diversification.                     is only secured via stability       become more confident and




12    Best of Bahrain
The Royal Family, rulers of the Kingdom of Bahrain


                                     international exhibitions and           accordance with specialized            the current intense competition to
                                     conferences, as well as home to         studies and research. We realize       attract direct foreign investment
                                     many important industries such          the international geographic           and mega-projects. We believe
                                     as oil and gas related industries,      importance of the region we live       that it is the responsibility of the
                                     petrochemicals, aluminum,               in, as a meeting point between         State to provide the facilities and
                                     shipbuilding and repair. We             East and West, particularly the        incentives necessary to attract
                                     continue to attract foreign             vital and strategic location of        and sustain local and foreign
                                     investments, and you only need          the Kingdom of Bahrain within          investments alike.
                                     to take a look at the development       it. Therefore, we remain keen
                                     and investment projects in the          to benefit from our location           Today we enjoy a sophisticated
                                     Kingdom to realize the success          in further attracting foreign          communication network; we
                                     of our policies whether those           investment and encouraging             have no monopoly in this field.
                                     concerned with sustainable              new ideas and initiatives that will    The industry is characterized by
                                     development or improving the            further strengthen our economies       a competitive environment that
                                     quality of life in general.             and support our endeavors to           recognizes the needs of both the
                                                                             increase our development and           service provider and its users
                                     Your Royal Highness, how                our growth rates.                      with ample opportunities for
                                     do you envision the path for                                                   specialized companies to enter.
proud of Bahrainis ability to        economic growth in the future?          We are also aware that this can
change their reality and open up     What are the possibilities of           be achieved only by providing          We currently have in place three
new prospects for the coming         diversifying sources of income          a modern infrastructure in the         Telecom service providers. We
generations.                         so as not to depend solely on           areas of Communication and             are confident that the presence of
                                     oil revenues, banking and the           Technology, particularly in            these three companies will enrich
Today, Bahrain is a highly visible   real estate sectors?                    Information Technology and             the telecommunications sector,
financial and banking centre         In order to minimize any risks          Telecommunications. We remain          contribute to the industry’s
with a leading international         that may impede our economic            committed to insuring that our         development and provide high
status particularly in Islamic       and social development, we              infrastructures are in accordance      quality services for all investment
Banking. Furthermore, Bahrain is     constantly review our legislative       with international standards and       projects in the Kingdom of
a significant centre for services,   and economic policies in                expectations, especially in light of   Bahrain.




                                                                                                                                      Best of Bahrain   13
14     Best of Bahrain
His Royal Highness Sheikh Khalifa bin Salman Al Khalifa,
The Prime Minister of the Kingdom of Bahrain
In the same manner in which            the extent of development
we are developing our                  and success witnessed in the
communications, air traffic, sea       Kingdom of Bahrain. Yet, we
and land infrastructures, we           believe that one of the most
are developing and expanding           important indicators in evaluating
the Bahrain International              our economic reality is the
Airport in order to enable it to       reflection of these achievements
accommodate larger numbers             on the Kingdom’s citizens and
of aircrafts and passengers,           their well-being.
transferring it into a focal airport   As a case in point, in attracting
in the region. Furthermore, we         foreign direct investment Bahrain
are developing our ports as well       is ranked first between all
to keep pace with the continued        Gulf States, and twelfth in this
increase in trade, especially in       category on the global level.
transit trade, where the Kingdom       Furthermore, according to the
of Bahrain is a main conduit           outward FDI Performance Index,
between East and West. These           Bahrain ranks as the second
developments are imperative            country in the Arabian Gulf States
for growth. The King Fahad             and ninth internationally. These
Causeway is also going though          rankings confirm, without a
constant development particularly      doubt, that we are set on the right
as a land outlet, helping to           path and that we have a solid
increase mobility of trade, goods      foundation on which to build our
and people between Bahrain,            future successes.                      Image by: Hanan Hassan Al Khalifa

Gulf States and other Countries.
                                       What are the most
The Kingdom of Bahrain has been        fundamental economic
internationally recognized as a        indicators upon which your
leader in the field of Information     Royal Highness depends on in
Technology, ranking 45th from          your work as Prime Minister
a list of ‘Country Readiness           and Why?
in the field of ICT.’ In addition      We always act in accordance
the United Nations Report on           with our vision and goals,
E-Government for 2010 ranked           particularly the goals designed
Bahrain E-Government as first in       to meet the needs of Bahraini
the Middle East, third in Asia and     citizens, to provide better
13th Globally.                         services as inspirited by them,
                                       and to raise to their aspirations
We continue to develop new             for the future. In this context, the
ideas, initiatives and proposals       Government of Bahrain is based
that add value to our economy          on several main economic pillars
and National Income, thus              that include, but are not limited
enhancing and advancing the            to, the development of living
historic role of the Kingdom of        standards, the development
Bahrain in developing world            of services and facilities, the
Trade.                                 ongoing development of projects
                                       that bring about added value
Do you believe that the global         to the national economy, and
economic indicators obtained           attracting investments that
on Bahrain’s economy from              contribute to the establishment
specialized international              of new projects, which in turn
institutions are sufficient            provide more job opportunities
evidence for the success of            for Bahraini citizens.                 involvement, yet this can only be   momentum. Therefore, we
your economic policies and are                                                achieved if they enjoy descent      accord paramount attention to
significant indicators of future       Our ambitions recognize no             and secure lives.                   sustainable development, as
viability?                             limits when it comes to the                                                we view it as the right approach
Indicators are an important part       Kingdom and the well-being of          What is the opinion of Your         for future growth and the only
of a number of mechanisms              citizens. We strive to realize the     Royal Highness with regards         guarantor to the continuity of our
designed to measure the                best results possible, from high       to the challenges facing            achievements.
success of our policies,               standards of living to providing       sustainable development in the
especially since they come from        the best services possible,            Kingdom of Bahrain?                 We have always believed that
international institutions that        specifically in social well-fair,      Development is an ongoing           investing in human capital
are impartial and specialized.         health, education and housing.         process and the mechanisms          should be at the heart of any
These institutions highlight to        We want citizens to realize            set for its realization should      developmental approach
the world, in accordance with          their full potential and to have       be constantly reinforced            and that investment, in itself,
their predetermined standards,         high levels of productivity and        to maintain a progressive           should remain a state priority




                                                                                                                                    Best of Bahrain   15
in the Kingdom of Bahrain. We      Having said that, it becomes       State Income and thus its        income and create more job
are confident in the abilities     only natural to refer to some of   capital allocation for project   opportunities for Bahrainis?
of Bahraini citizens, whom         the challenges the state faces     development. Yet, we remain      Investment is not an end in
we consider to be the real         such as resource limitations       capable of facing these          itself. We strive to improve
and sustainable wealth of the      and varying global economic        challenges, overcoming them      the selection process so that
nation in achieving further        circumstances. For example,        and indeed moving forward with   investments play a significant
developments in all fields.        global financial downturns may     our sustainable development      role in the economy, meet the
                                   affect investment levels and       policies.                        economic needs of the country,
Human development and              project building rates, while                                       help transfer technological and
economic development remain        increases in global prices for     How do you link investment       technical skills and support
highly correlated, yet we are      basic commodities and goods,       in different sectors with the    our endeavors to train our
firm believers in the necessity    in light of the subsidies we       Kingdom of Bahrain strategy      manpower in order to increase
to both maintain a balance         guarantee our citizens, in turn    for Vision 2030? What are        their knowledge and skills. With
between the two and realize        increase the financial burden      other areas of investment        this vision in mind, Bahrain
the specific needs of each field   of the state. All these matters,   you are looking to go into       has devised many investment
individually.                      directly and indirectly, affect    to diversify sources of          incentives and has worked to




16    Best of Bahrain
improve its overall investment       and realize a continued flow of      Vision 2030 focuses the future       increasing investments including
climate and freedom, leading         investments. This is a testament     strategy for the development         Foreign Direct Investment (FDI).
to an internationally recognized     of the general confidence in the     of our national economy with         Achieving this will, without a
distinctive progress in the field.   Bahraini economy and in the          international competitiveness in     doubt, lead to an increase in
                                     security, appropriateness and        mind. In this context, the private   our competitiveness and further
Bahrain enjoys a solid economy       positive economic climate we         sector is to become the catalyst     strengthen the capacity of
with good growth rates, which        enjoy. Furthermore, it reflects      for growth creating, among other     Bahrain’s economy to make good
in turn provided us with an          the positive response to the         things, ample opportunities for      use of state of the art technology
advantage during the recent          new investment opportunities         citizens to work in the private      and world-class management
global economic downturn,            and patterns we are constantly       sector also helping in turn limit    techniques. We are sparing no
allowing us to be more positive      introducing and developing,          the high interest in governmental    effort to attract investment to
while realistic and balanced in      capitalizing on what makes           and public sector employment.        other sectors in addition to the
our outlook throughout the crisis.   Bahrain’s comparative advantage                                           existing sectors of banking,
The Kingdom of Bahrain was           in particular its investment         Furthermore, our national            industry and real estate. At
able to avoid to a large extent      incentives and its legislative and   strategy gives great importance      present, we have the promising
the negative impacts of the crisis   judiciary infrastructure.            to further encouraging and           sector of tourism, where Bahrain




                                                                                                                                Best of Bahrain   17
HRH awarded with “The Special Citation of   has become the preferred             that will be implemented through
                       the UN-HABITAT Scroll of Honour” from the    location for distinct investments    the collaboration between the
                              UN Secretary General, Geneva 2007     in tourism, these rose to more       Government and Bahrain’s
                                                                    than $12 billion in the current      Economic Development Board,
                                                                    decade, compared with only           headed by His Royal Highness
                                                                    $500 million in the nineties.        Prince Salman bin Hamad Al
                                                                                                         Khalifa, Crown Prince and Deputy
                                                                    As a tourist hub the Kingdom         Supreme Commander.
                                                                    of Bahrain attracts more than        There will also be a
                                                                    3.7 million visitors a year. The     continuous monitoring of
                                                                    contribution of the tourism sector   the implementation process
                                                                    to Bahrain’s national income is      including the detailed plans
                                                                    therefore approximately 9 percent    contained therein. We all, as
                                                                    with average annual revenue of       institutions in the Kingdom of
                                                                    one billion U.S. dollars. These      Bahrain, collaborate in great
                                                                    achievements have been made          harmony so as to realize our
                                                                    possible by the successful           main objectives which in turn
                                                                    tourism sector development           serves the country’s interests.
                                                                    polices the Government has           Our aim is to integrate and
                                                                    put into place and firmly            standardize without any overlap
                                                                    implemented.                         or conflict. Our vision is clear
                                                                                                         and our way forward is to review
                                                                    What strategy does your              what has been achieved in the
                                                                    government employ in order to        past, build on these successes
                                                                    ensure that Vision 2030 serves       with a clear focus on the future.
                                                                    the truest interests of Bahrainis
                                                                    as a whole?                          We believe that in any economic
                                                                    We have specific mechanisms          reform, the public sector
                                                                    emanating from Vision 2030 itself    cannot replace the role of




18   Best of Bahrain
the private sector. Thus, the        We accord substantial attention
private sector should play the       to youth healthcare in order
central role in managing the         to insure that our young
development process and must         generations grow strong,
further expand its particular role   disease free, highly productive
on the domestic and regional         and distinctively creative and
fronts alike.                        innovative. Furthermore, we
                                     provide youth sports and
Your Royal Highness, what            social centers, giving them the
are the scenarios for the            opportunity to channel their
future as you see them for the       energy and prepare themselves
youth of Bahrain?                    for the future whereby they
The youth are half of the            are better able to contribute to
present and all of the future.       their country’s progress and
We are preparing them to take        prosperity.
responsibility with integrity. To
meet this end, we continue           We have centers for fostering
to develop our educational           talent and integrating people
system and link our educational      with special needs into the
curriculums with labour market       educational process, as part
needs. We have managed to            of a boarder plan to integrate
decrease unemployment rates          and incorporate their abilities
to their lowest level thus far,      in society. We are also proud
4 percent. We concentrate            of the prevalence of several
on training, which in turn, will     public and private universities
enable young people to engage        in the Kingdom of Bahrain
in the labor market and meet         that seek to provide the best
the needs of the Kingdom in          levels of education not only       HRH awarded with “UNESCO Avicenna Gold Medal “
various disciplines.                 for our youth but for the youth    from UNESCO Director General, Paris October 2009




                                                                                                                           Best of Bahrain   19
of neighbouring countries and       Resources, Environment and
                                               other foreign resident children     Wildlife Monitoring in Bahrain,
                                               from around the world.              confirms that emissions in
                                                                                   the Kingdom are in line with
                                               In light of the global challenges   international standards.
                                               of climate change, what are the     Furthermore, we are among
                                               steps taken by the Kingdom of       the countries that take the
                                               Bahrain to protect the natural      protection and the reservation
                                               heritage and to ensure the          of the environment seriously. In
                                               use of low-carbon energy in         this regard, we have decisive and
                                               the various institutions and        outstanding legislations.
                                               enterprises?
                                               In the Kingdom of Bahrain we        How do you see the
                                               have a formal body to protect       participation of your country in
                                               the environment, which monitors     growth at the global level and
                                               the emission rates of factories     what role do you think that your
                                               and takes the necessary action      government has in this area?
                                               to reduce these emissions           We are part and parcel of this
                                               where found. Furthermore, we        world and we are proud of our
                                               contribute actively in various      effective role, in collaboration
                                               regional and international forums   with friends in all countries,
                                               to find solutions to climate        to reach a more secure and
                                               change challenges and to ensure     stable world; where relations are
                                               that the Kingdom of Bahrain is      characterized by mutual respect,
                                               aligned with any procedures that    free from conflict and tension,
                                               have been agreed upon globally.     which have caused serious
HRH awarded with the “King Abdulaziz Medal”,   The findings and indicators, as a   damage to the development
an honour given to world leaders from King     result of the Public Commission     plans in many parts of the
Abdullah, Riyadh April 2009
                                               for the Protection of Marine        contemporary world.




              20     Best of Bahrain
The inaugural Bahrain International Airshow (BIAS) 2010




There are common challenges            brought about tremendous
facing all countries worldwide,        global convergence, further
where agreements are necessary         blurred barriers between nations
to achieve crucial goals such          and made distances more
as; sustainable development,           manageable. We truly all live now
economic diversification, job          in one global village, with only
creation, quality education and        geographical spaces to separate
health for all.                        us.

Bahrain’s economy, especially as       Let us reiterate the call to the
being one of limited resources, is     entire world, to fully cooperate
highly interlinked with those of its   to improve the circumstances in
neighbours as well as with world       the least developed and poorest
oil markets. We are working to         countries, to renounce violence
expand our options, particularly       and eschew conflicts and wars
in banking and tourism. Yet,           that can never bring peace and
despite our limited resources our      tranquility to the world.
economic growth remains high,
diversified and thus enhancing         Unless all of us respect human
our status on a world wide scale.      rights, work to improve the lives
                                       of people everywhere, free from
We are confident that no State         the prejudices of racism and
alone can make a unique                ethnocentrism, the elimination
achievement in the world.              of tension and widespread
On the contrary, international         poverty will not be achieved. We
cooperation is, without a              are all part of this world and so
doubt, the driving hallmark            progress and development is the
of today’s world. Indeed, the          responsibility of us all without
communication revolution, which        exception.




                                                                                                                                     Best of Bahrain   21
Bahrain Overview
                         The pearl of the Gulf, Kingdom of Bahrain is a small island-nation located just
                         off the Arabian Peninsula. With its name meaning ‘the two seas’, this land
                         was once considered by the ancient Sumerians to be an island paradise for
                         the wise and the brave who were transported there to enjoy eternal life.




The Al-Fateh Mosque located next to the
King Faisal Highway in Juffair, Kingdom of Bahrain




22     Best of Bahrain
More recently, the Kingdom of         kilometre causeway which opened         modernity, symbolising a beacon
                                                              Bahrain has achieved fame as          in November 1986, creating easy         of progress in the Arab world.
                                                              one of the first Gulf States to       access for many businessmen
                                                              discover oil. Since the Al Khalifa    who live in the Kingdom of              Head of State :
                                                              family began ruling the country       Bahrain and work in Dhahran in          H. M. King Hamad bin Isa Al Khalifa
                                                              in 1783, the country has been         the Kingdom of Saudi Arabia’s
                                                              moving towards creating a local       Eastern Province. The island was        Official Name: Kingdom of Bahrain
                                                              identity that marries tradition and   once known as Dilmun and was
                                                              modernity, symbolising a beacon of    home to an ancient civilisation         Capital City : Manama
                                                              progress and humility in the Arab     that played a central trading role
                                                              World.                                between the peoples of the Indus        Area : 665 sq km
                                                                                                    Valley (now India) to the south
                                                              Best of Bahrain                       and Mesopotamia (now Iraq) to           Population Approx : 720,000
                                                              The Kingdom of Bahrain is an          the north. Dilmun’s capital was
                                                              archipelago comprising 33 islands     a major port whose remains are          Time Zone : UTC+3
                                                              located in the Persian Gulf ruled     visible today at the UNESCO World
                                                              by the Al Khalifa dynasty since       Heritage Site of Bahrain Fort (Qal’at   Official Languages : Arabic &
                                                              1783. Bahrain became a British        al Bahrain).                            English
                                                              protectorate in the 19th Century          The Kingdom also features in
                                                              and gained independence in            one of the world’s oldest and most      Official Religion : Islam
                                                              1971.The current ruler, His Royal     enduring pieces of literature – the
                                                              Highness King Hamad bin Isa Al        Epic of Gilgamesh, where the            Currency : Bahraini Dinar (BHD)
                                                              Khalifa, assumed the throne in        island was home to the source of
                                                              1999 and instituted a process         eternal youth. The tale is believed     Country Dialling Code : +973
                                                              of democratic reform. Through         to refer to the pearls from the
                                                              the change to a constitutional        shallow Gulf waters, which were         People Age Ratio : 0-14 years:
                                                              monarchy in 2002 his title went       one of the Kingdom of Bahrain’s         26.4%, 15-64 years: 69.8%, 65
                                                              from Emir to King. Since that         biggest exports for generations.        years and over: 3.8%
                                                              time, the Kingdom of Bahrain has          In more recent years, the
                                                              moved from strength to strength       Kingdom of Bahrain has been             Gender Ratio : 1.25 male/female
                                                              through its financial sector and      a regional pioneer, particularly
                                                              infrastructure development. The       as a specialist business and            Ethnic Groups : Bahraini 62.4%,
                                                              Kingdom of Bahrain is a member        financial centre. The Kingdom           non-Bahraini 37.6%
                                                              of the United Nations, the Arab       has a whole series of Gulf ‘firsts’
                                                              League, the Gulf Co-operation         under its belt - from discovering       Religious Affiliations : Muslim
                                                              Council and the Organization of the   oil, to diversifying the economy,       (Shia and Sunni) 81.2%, Christian
                                                              Islamic Conference.                   providing education for both            9%, other 9.8%
                                                                                                    males and females from the
                                                              Background on Bahrain                 1920s onwards and becoming              Accommodation
                                                              Bahrain is an Arabic word meaning     the first democracy with universal      The Kingdom of Bahrain
                                                              “Two Seas”, referring to two facts.   suffrage in the region. Indeed,         provides various options
                                                              First, the islands are surrounded     in the Kingdom of Bahrain,              for visitors, from furnished
                                                              by two kinds of water; freshwater     women are entitled to run for           apartments to an impressive
Image by Abdulla M. Al-Khan of Bahrain House of Photography




                                                              springs may be found within the       parliamentary office. The Royal         range of local and international
                                                              salty water of the Arabian Gulf.      Family has integrated both              hotels. The country hosts such
                                                                  Secondly, the Kingdom of          politically and socially throughout     well-known hotel names such
                                                              Bahrain lies between the southern     the world, befriending many             as Ritz–Carlton, Banyan Tree,
                                                              and northern waters of the Gulf       high-profile figures. One such          Crowne Plaza, Radisson Blu,
                                                              which separate it from the Arabian    friendship was with the late ‘King      Sheraton and will be extending
                                                              coast and Iran. The Kingdom           of Pop’ Michael Jackson: on             its hospitality with the opening
                                                              of Bahrain is located midway          his untimely death in 2009 H.M.         of a greater range of five-star
                                                              between the Qatar peninsula and       King Hamad commented that               properties by 2012, including
                                                              Saudi Arabia. Bahrain Island is 48    “the world has lost a giant in the      the Four Seasons, Raffles and
                                                              kilometres long and 16 kilometres     music industry.” In many ways,          Kempinski. Also a current trend
                                                              wide. The Kingdom of Bahrain is       Bahrain has created a distinctive       is the advent of boutique hotels
                                                              connected to Saudi Arabia by a 23     identity that marries tradition and     such as L’Hotel.




                                                                                                                                                             Best of Bahrain    23
Health and Beauty




                                           Climate                                 National Flag
                                           Located just off the Arabian            The flag of the Kingdom of
                                           Peninsula, the Kingdom of Bahrain       Bahrain is made up of a white
                                           is generally considered a hot, arid     band on the left, separated
                                           country. While it does see very         from a red area on the right by
                                           hot and humid summers (July             a zigzagging line. The five white
                                           to September), the Kingdom of           points of the line represent the
                                           Bahrain also experiences mild and       five pillars of Islam.
                                           pleasant winters (December to
                                           March), making it a much-desired        FACTS ON THE KINGDOM
                                           vacation destination for those living   OF BAHRAIN
                                           in regions where the winter can be
                                           much harsher.                           GENERAL INFORMATION
                                                                                   BUSINESS AND ECONOMY
                                           Average Temperature in ˚C
                                           Winter lows: 10 ˚C                      Banks and Foreign Exchange
                                           Summer highs 36 ˚C                      The Kingdom of Bahrain is
                                                                                   host to world-class financial
                                           Embassies                               institutions, including the highly
                                           Most countries are represented in       regarded Ahli United Bank,
                                           the Kingdom of Bahrain by their         which has won ‘Best Foreign
                                           respective embassies.                   Exchange Bank in the Middle
                                                                                   East’ for three consecutive
                                           Medical Facilities                      years. The National Bank
                                           The Kingdom of Bahrain offers           of Bahrain also provides
                                           modern medical care and                 comprehensive banking
                                           medicines through various               services. Other financial
                                           hospitals in the country. Two           institutions in the country fall
                                           government hospitals and several        under the following labels:
                                           private hospitals provide a wide        investment banks, commercial
                                           range of medical services.              banks, specialized banks,
                                              Many expatriates prefer to           offshore banking units, and
                                           attend private hospitals such as        money and foreign exchange
                                           the American Mission Hospital in        brokers. Islamic Banking is
                                           Manama (www.amh.org.bh). For            abundant.
                                           more information please view the
                                           Kingdom of Bahrain Ministry of          Credit Cards and Cash
                                           Health website (www.moh.gov.bh).        All major credit cards can be
                                                                                   used in the Kingdom of Bahrain.
                                           National Anthem                         Cash is preferred in the local
                                           “Bahrainona” (“Our Bahrain”)            currency which is Bahraini Dinar.




                    24   Best of Bahrain
Doing Business in the Kingdom
of Bahrain
According to the United Nations
Economic and Social Commission
for Western Asia, the Kingdom of
Bahrain has the fastest growing
economy in the Arab world. This
makes it an ideal country for all
types of business ventures. In
the face of the global economic
crisis, the country is diversifying
its economy to ensure its
continued success both locally
and internationally. Additionally,
the Kingdom of Bahrain’s focus
on Islamic banking, which is
becoming increasingly popular,
ensures that it will be one step
ahead of the world in the business
realm. With many international
firms making their home in the
country, the Kingdom of Bahrain is
a tried-and-true option for business
and investment.                        has made steady progress in the         local and international mobility.
                                       Kingdom of Bahrain. Today the           The country’s small size allows for
Natural Resources                      country hosts five dailies, including   easy access to almost all parts
Oil is the Kingdom of Bahrain’s        two in the English language.            of the nation. The government-
major source of revenue, with          Regional and international              sponsored road network provides
petroleum production and               newspapers and magazines also           the major link between residential
processing accounting for about        circulate in the country.               and commercial areas, as well
60% of export receipts, 60% of                                                 as connects to airports, seaports
government revenues, and 30%           COMMUNICATIONS AND                      and industrial zones. In terms of
of GDP.                                TRANSPORT                               international access, the Kingdom
                                                                               of Bahrain has no shortage of
THE MEDIA                              Telecommunications                      options: various seaports; bridges
                                       The Kingdom of Bahrain                  (linking the island nation with
Radio                                  has a well-developed                    Saudi Arabia and Qatar); and
Most radio stations in the Kingdom     telecommunications system that          the Bahrain International Airport,
of Bahrain are state-run, with         has recently been privatized with       complete with its own carriers like
the Bahrain Radio and Television       several competitive providers           Bahrain Air and Gulf Air, provide
Corporation (BRTC) broadcasting        including Batelco, Viva, Zain,          instant gateways to the world
a general programme in Arabic,         Menatelecom and Nuetel. The             outside the country’s borders.
a second programme featuring           landline phone system connects          Buses run regularly with links
cultural and local programmes,         most parts of the country, while        between most towns to Manama
a Holy Quran programme and             mobile coverage stretches across        and Muharraq, running from
a sports service, as well as the       the island. The Kingdom of Bahrain      5.30am until 9.30pm. Timetable
English language                       is well-connected; it is fairly easy    information is provided at the bus
    Radio Bahrain. The country also    to get online at internet cafes and     terminals.
has a privately owned programme        visitors should not have problems           The Government has aimed to
for Indian listeners.                  obtaining internet access from          privatise the public transportation
                                       any of the four and five star hotel     for the private sector to develop
Television                             properties. The Bahraini domain         the service and raise its efficiency
The Kingdom of Bahrain is eager to     suffix is .bh.                          and effectiveness to fully serve
promote itself as the media hub of         The Telecommunications              the residents. It is expected that
the Middle East. Locally, the state-   Regulatory Authority (TRA) was          the development of the public
run Bahrain Radio and Television       recently established for protecting     transportation will encourage more
Corporation (BRTC) operates five       the interests of subscribers and        residents from all social sectors to
terrestrial TV networks.               users, and promoting effective and      use the buses, even if they own
   For more information see the        fair competition among established      cars, to participate in the reduction
Ministry of Culture and Information:   and new licensed operators. www.        of the number of cars in the roads
www.moci.gov.bh/en/                    tra.org.bh/en/                          and minimise traffic jams, and also
                                                                               reduce air pollution, also knowing
Print                                  Public Transport                        that the Public Transportation
Since the opening of the first         As a small island nation, the           service provided general benefits
Arabic newspaper daily, Akhbar         Kingdom of Bahrain’s transport          from economic, social and
al Khaleej, in 1967, print media       infrastructure emphasises both          environmental aspects.




                                                                                                                       Best of Bahrain   25
Private Transport
                                                Like much of Europe and all of
                                                North America, driving in the
                                                Kingdom of Bahrain is on the right
                                                side of the road. Road rules are
                                                strictly enforced. These include the
                                                mandatory wearing of seatbelts,
                                                speed limits and a zero tolerance for
                                                drink driving. Violators may be fined
                                                on the spot. Rental cars are readily
                                                available but visitors cannot hire a
                                                car using a foreign driver’s license
                                                (other than from GCC countries).
                                                According to Bahraini law, only an
                                                International Driving Licenses is
                                                acceptable and must be obtained
                                                before entry into the Kingdom.

                                                Postal Services
                                                The Kingdom of Bahrain’s Postal
                                                Directorate has established post
                                                offices in many parts of the island
                                                nation, so that contact with the
                                                world is never far away. In addition,
                                                the country makes various
                                                internationally-recognised services
                                                available to its residents to ensure
                                                the highest levels of quality and
                                                efficiency in communicating with the
                                                outside world.

                                                Tourism
                                                With over eight million visitors
                                                a year, the Kingdom of Bahrain
                                                is a popular tourist destination.
                                                Steeped in Arab history while
                                                openly embracing the modern
                                                world, Bahrain offers what Lonely
                                                Planet describes as “an excellent
                                                introduction to the Persian Gulf”.
                                                The country combines traditional
                                                Arabic culture, contemporary Gulf
                                                glamour and the archaeological
                                                legacy of five thousand years of
                                                civilization. It also hosts settlements,
                                                temples and burial mounds from
                                                the ancient civilization of Dilmun,
                                                which dominated trade between
                                                Mesopotamia and the Indus Valley
                                                Civilization.
                                                    The government is actively
                                                supporting the tourism industry
                                                by contributing to large-scale
                                                development projects. Various
                                                resorts are planned in the Kingdom
                                                of Bahrain, including the Al Areen
                                                Resort, Dannat Hawar, Durrat Al
                                                Bahrain, Amwaj Islands, Lulu Island,
                                                Riffa Views and Bahrain Bay, soon to
                                                be home to the Kingdom’s first Four
                                                Seasons Hotel. Other prominent
                                                initiatives to increase tourism are
                                                the cultural events organized by the
Image by Latifa Al Shakar, alshakar@gmail.com




                                                Ministry of Culture & Information as
                                                well as the expansion plans of the
                                                Kingdom’s national airport.




                                                26    Best of Bahrain
World Heritage Sites
UNESCO has listed one of the
Kingdom of Bahrain’s many
ancient forts, Qalat Al Bahrain, as
a World Heritage Site. Initiated in
2006 under the patronage of His
Royal Highness Prince Salman Bin
Hamad Al-Khalifa, Crown Prince
and Deputy Supreme Commander,
the Investing in Culture project
is aimed at enhancing an active
partnership between the private
and public sectors to financially and
morally support new cultural projects
aimed at human development with
preservation of national identity.
(www.investinginculture.bh). One
heritage site notable to the Kingdom
of Bahrain is the Tree of Life near
Jebel Dukhan.

Tipping
This is prevalent but not as
standardized as in North America.
Many hotels and restaurants include       Future of Retail Growth                   SPORT
a service charge for dinners of 10        There is growth of convenience            The most famous sports event
-15 percent though it is customary to     foods in the market due to                in the country is the Bahrain
leave a small extra tip to the waiting    demand for a Western diet.                Grand Prix, an annual Formula
staff at the discretion of the patron.    US-based Kraft has invested               One racing event that takes
Taxi drivers and other service workers    in a 60,000 square metre food             place at the Bahrain International
will expect small tips of around 10 per   processing plant, it’s first in           Circuit (BIC). In 2004, Bahrain
cent.                                     the GCC region. With demand               organised the Bahrain Grand Prix,
                                          for foreign food and fashion              the first FIA Formula One World
Luxury In The City                        increasing, there is immense              Championship event held in the
Located on the ground floor of            potential for growth in Bahrain.          Middle East that was later awarded
the iconic Bahrain World Trade                                                      the “Best Organized Grand Prix”
Centre (BWTC), Moda Mall has              SHOPPING DISTRICTS                        award by the IFA. In 2006, the
attained the status of an ultra-          • Seef District                           Bahrain Grand Prix which is usually
exclusive shopping complex,               • Al Ali Mall                             the third race of the Formula
thanks to its tenants. Offering           • Seef Mall                               calendar swapped places with the
about 16,500 square metres of             • Bahrain Mall                            traditional opener, the Australian
retail space, Moda Mall houses            • Marina Mall                             Grand Prix and opened the
some 160 high-end brands                  • Dana Mall                               Formula One calendar. In 2007,
including Louis Vuitton, Emporio          • Capital Mall - Bahrain Cultural         the BIC became the first circuit to
Armani, Versace, Just Cavalli,              Handicrafts)                            receive the FIA Institute Centre of
Hermes and Stella McCartney,                                                        Excellence trophy. The Kingdom of
under it’s roof.                          Muharraq                                  Bahrain staged the opening race of
                                          Al Kurar House                            the 2010 season as well.
Hypermarkets in Bahrain                                                                 To date, the lap record is held
Even though, Bahrain has caught           Manama                                    by Michael Schumacher who in
on to the hypermarket model               The City Center Mall is possibly the      2004 did a lap record of:
relatively late in the GCC region,        biggest with 350 stores, 20 cinema
the pace has been picking up              screens, the Middle East’s largest        • Lap record 1:30.252 – M
steadily. France’s Auchain and            indoor water park, 30 restaurants           Schumacher (2004)
the UAE’s EMKE Group have                 and a large Carrefour supermarket.        • Laps 57
expressed interest in establishing           The Manama Souk is next to             • Circuit Length 5.412 km
their presence in the country.            Bab Al Bahrain (the gateway to            • Race Distance 308.238 km
The Bahrain City Centre Mall has          Bahrain) and it is full of invigorating
been successful in attracting             noises and scents.                        Equestrian
quite a number of tenants who                                                       The Kingdom of Bahrain is well-
are major players in the GCC              Isa Town Souk - Antiques                  known for its love of horse-riding
region. Other malls are mostly            • Souk Al Haraj – Flea market             and equestrian heritage plus
located in the Seef District and          • Spice Souk                              diving and golfing activities. Riding
include Al Ali Mall, Seef Mall,           • Gold Souk                               clubs and events include:
Bahrain Mall, Marina Mall and             • Gold City                               • Amiri Stables, home to many
Dana Mall.                                • Cloth Souk                                 equestrian events where




                                                                                                                            Best of Bahrain   27
visitors can view some of the        Clown fish trigger fish, surgeon           Championship at Riffa Views Golf
                                                                                    world’s finest Arabian breeds        fish, turtles, rays, lion fish, grouper,   Club which is a PGA, 18 hole, par
                                                                                    Awali Riding Club specialises        snapper, crayfish and even whale           72 golf course featuring five lakes
                                                                                    in Trail Riding, Show Jumping,       sharks can be spot near this reef.         and 72 bunkers, plus the option
                                                                                    Polo, Dressage and Cross                 Caisson wreck is located 20            to play in the evening under the
                                                                                    Country.                             miles off the coast of the Kingdom         floodlit course.
                                                                                  • The Dilmun club was founded          of Bahrain. This concrete and steel
                                                                                    in 1974 and has grown into the       structure is home to a numerous            Desert Sports
                                                                                    premier private club in Bahrain.     species of fish.                           There are many types of desert
                                                                                    Located in Saar, near Budaiya,           Fasht najwah is located at 50          activities in the Gulf, whether to
                                                                                    the ‘Dilly’ is a Sports and social   nautical miles north of the Kingdom        watch or participate in:
                                                                                    club Twin Palms Riding Centre        of Bahrain. Najwah is an excellent         • Camel riding
                                                                                    is the largest riding and livery     dive location for advanced divers          • Adventure Drive Arabia – this is
                                                                                    centre Sakhir Racecourse with        and photographers.                            for self drives on quad bikes
                                                                                    its unique Arabic tent design            During peak season, Najwah is          • Falconry
                                                                                    International show-jumping           an excellent location to spot whale
                                                                                    Endurance races                      sharks.                                    ARTS AND CULTURE
                                                                                                                             Fifi wreck is located 5 miles off      The Kingdom of Bahrain’s Ministry
                                                                                  Scuba Diving                           the east coast of the Kingdom of           of Culture and Information is
                                                                                  Because of its geography, diving       Bahrain. This location is especially       dedicated to promoting local art
                                                                                  is popular in Bahrain: the warm,       popular for night dives.                   and culture, as well as introducing
                       Image by Hasan Al Khunaizi, hasan-alkhunaizi@hotmail.com




                                                                                  shallow waters of the Bahrain                                                     the community to global forms of
                                                                                  archipelago are teeming with           Golf                                       expression. Traditional Bahraini
                                                                                  oyster beds. Scuba diving is           Golf can be enjoyed at any level           art and culture consists of
                                                                                  generally done from boats and          and on one of the oldest courses           Quran readings, public poetry
                                                                                  average underwater visibility is       in the Gulf to one of the most             performances, ceremonial
                                                                                  about five metres. The Scuba           innovative. Golf started in the            dances, and storytelling. In
                                                                                  Master dive centre in Manama           1930’s with the first three hole golf      addition, Bahrainis are well-known
                                                                                  teaches PADI and SDI training in       course built next to Jebel Al Dukan        for their work in handicrafts
                                                                                  English and Arabic.                    in the oilfields.                          like golden jewellery and their
                                                                                                                             For training, you might like to try    craftsmanship as demonstrated in
                                                                                  Popular dive sites in Bahrain          Riffa Views Golf Academy. Bahrain          their boatbuilding tradition. Local
                                                                                  Bahrain pearl is the finest spot for   has hosted some major golf                 music falls under the Khaleeji
                                                                                  diving in the Kingdom of Bahrain.      events such as the Senior Tours            category, which is indigenous to




28   Best of Bahrain
the Persian Gulf area as a whole      of fresh water, desertification,
and mixes Arab, Persian and           and pollution from oil production,
African musical traditions. The       individuals and groups hope
Kingdom of Bahrain also has a         to set the foundations for an
folk dance tradition. The Ardha       environmental movement that can
is a men’s sword dance, which         keep the Kingdom of Bahrain’s
is accompanied by traditional         natural heritage as a blessing for
drummers and a poet, who sings        generations to come.
the lyrics.
                                                                            Drawing by Danny Lawless lawlessconcept@yahoo.ca




                                      International Airport
Environment                           Bahrain International Airport, Al
As a country that takes the           Muharraq, with over 36 airlines
environment seriously, the            using the facility.
Kingdom of Bahrain has been               On October 8, 2009, it was
working closely with the UN           announced that expansion work
on issues of environmental            worth BHD 1.8 billion will be
preservation and sustainability.      started in 2010 at the airport. In
The United Nations Environment        connection to that, Bahrain Airport
Programmes Regional Office            Company has received bids from
for West Asia is located in the       six companies. Planned over the
Kingdom of Bahrain, and from          next 30 years, the expansion is
there works to provide advisory       expected to triple the passenger
services, capacity building and       capacity to 27 million a year. Two
technology transfer in the priority   new terminals will be opened
areas of the region under a series    in the next four years as part
of umbrella programmes.               of the expansion. The airport
                                                                            Bahrain Duty Free www.bdutyfree.com




    The government, along             development plan will also involve
with local and international          construction of an air traffic
organisations, is making efforts      control tower, cargo facilities, a
to address environmental threats      royal flight terminal and road and
in the country, as this is the        rail links to the airport.
first step towards long-term
environmental sustainability. By      Major Locations
focusing on issues like scarcity      Al Muharraq, Al Hadd, Manama, Al




                                                                                                                               Best of Bahrain   29
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C:\Users\Patrick\Desktop\Bestof Bahrain Vol1

  • 1. BEST OF bahrain Volume 1
  • 2. Profitable partnerships. Every step of the way. Ithmaar Bank - Adding value through innovation Ithmaar Bank B.S.C. P.O. Box 2820, Manama, Kingdom of Bahrain. Tel: +973 17584000 www.ithmaarbank.com
  • 3. life is colourful ... ... because I stand on SOLID GROUND Welcome to a spectrum of innovative financial solutions. Solidarity provides the utmost safety and protection against the widest possible risks, along with a diverse range of prudent savings and investment opportunities, ensuring peace of mind and making life ever so colourful. Solidarity’s vision is to become the leading international Islamic-oriented financial services group in the world. With a paid-up capital of $220 million, Solidarity Group has the resources to deliver unmatched risk management solutions, tailored to meet the needs of individuals, families and businesses. Ph one +973 1758 5222, Fax +973 1758 5200 P.O. Box 18668, Manama, Kingdom of Bahrain WWW.SOLIDARITY.COM.BH
  • 5. Welcome to Bahrain! If you are reading this you are already part of a truly global way of life and are entering our Global Village arena where we showcase our country, our people and our culture and the opportunities that exist in becoming a part of our present and future. Global Village Partnerships and the “Best of” series is a fast growing international media group and “Best of Bahrain” is a first step in introducing the Kingdom on a positive note to our global audience. We feature the Kingdom of Bahrain’s Vision 2030, Business Friendly orientation as the Government focuses on the development of the community and our international business and investment relations. Our genuine hospitality as people in lifestyle and business is unrelenting and synergetic with all of Bahrain’s citizens and residents. Our goal has been to exhibit the diversity with as many key players and initiatives as possible from top organizations to singular entrepreneurs and talented individuals who are contributing to the successful growth of this Kingdom. There are many more still to showcase in future editions of “Best of Bahrain” and on our online social networking portal for Rawia Beyhum - Publisher businesses www.GVPedia.com. We are lucky to have been firstly supported by Bahrain’s Economic Development Board, who are our ambassadors to the Kingdom encouraging and inviting the global audience to merge amongst its establishments and set up base here. We proudly recognize the guidance of His Royal Highness the Prime Minister’s Court and all of Bahrain’s ministries, who saw the importance and potential of this publication in providing a neutral voice to the Kingdom. In our discovery of the Kingdom we have witnessed kindness, traditional values and unique talents that contribute to the wholeness of life here. We are proud to present to you this inaugural edition that will be eclipsed in the next editions of a small nation with a world to offer. Please make sure to visit Bahrain’s Economic Development Board (EDB) on www.bahrain.com and the Kingdom’s e-Government portal www.bahrian.bh during your stay for further information on the Kingdom of Bahrain. This publication would not have been possible without the support from our participating businesses, entrepreneurs, individual talents and the staff of Middle East Media (MEM) our media partner in the Kingdom of Bahrain. Rawia Beyhum Publisher International Group Publisher Sven Boermeester Bahrain Publishing Partner Middle East Media Marketing L.L.C. Publisher Rawia Beyhum Project Manager Lisa Ashworth Production GVPedia Communications Editors Lisa Durante, Reena Raghavamoorthy Creative Direction Peter Batistich Images List of Photography Contributors see Index on page 188 Information Sources Economic Development Board (EDB), Ministry of Culture & Information, Vision 2030 ISBN # 978-0-620-39819-0 Disclaimer: Every effort has been made to ensure the accuracy of the information in The Best of Bahrain Vol. 1. Neither Best of Bahrain nor GVPedia Communications cc assume any responsibility for errors or omissions. All rights reserved: No part of this publication shall be reproduced, copied, transmitted, adapted or modified in any form or by any means. This publication shall not be stored in whole or in part in any form in any retrieval system. Contact details: Ms. Rawia Beyhum Middle East Media Marketing L.L.C. PO Box 10688 Al Matrook Bldg. 9th Floor, Flat. 101 Tel: +973 17 53 6535 Mobile: +973 39 78 5868 Fax: +973 17 53 3511 www.middleeastmedia.co.uk Email: rawia@membah.com In Partnership with: www.gvpedia.com Sponsored by Global Village Partnerships FZ LLC Best of Bahrain 3
  • 6. Business Friendly Bahrain Best of Bahrain “Bahrain provides a free, open and transparent environment for businesses and has a globally competitive, value-creation story which focuses on sustainability, skills and good governance.” Shaikh Mohammed bin Essa Al Khalifa, Chief Executive of the EDB.
  • 7. O ver the past century, Bahrain has led the Gulf in many different areas, from decades. The financial services sector has been thriving for nearly 40 years bringing about a certain oil exploitation to finance dependability, sustainability and and education. This has business wisdom. Bahrain also given Bahrainis their uniquely has a tried-and-tested legal sophisticated outlook, which and regulatory environment in supports a core culture of which investors can trust to fairly openness and freedom, and lies protect their interests in an open at the heart of everything they do. and transparent manner. Bahrain is the Gateway to the The quality of growth in a Gulf, with particularly favourable country depends primarily on the access to Saudi Arabia and the quality of its people. Bahrain’s ideal business hub due to its business sector is supported strategic location in the region, by the most productive, highly- excellent transport network, skilled national work force in the and a reputation for cultural GCC. For example, 67% of the neutrality and friendly ties with its financial services workforce is neighbours. Bahraini and education in the Shaikh Mohammed Bin Essa Al-Khalifa, Chief Executive, Economic Development Board Bahrain’s free market means country is of a very high standard. that businesses are allowed Tamkeen (formerly the Labour to operate freely, with minimal Fund), has invested around $185 an authenticity about Bahrain of opportunity and optimism.” red-tape and foreign ownership million to train more than 19,000 that is unique to the Gulf. Low Bahrain was the first country in restrictions. According to the Bahrainis and provide them with inflation and sustainable growth the region to diversify away from Index of Economic Freedom sector-specific skills. Education also mean that quality of life is oil and gas 40 years ago. From 2009, Bahrain is the 16th freest reforms have also been amongst the highest in the GCC, the outset, the government set economy in the world and the introduced to improve education especially for families. in motion a series of initiatives to freest in the Middle East. In fact, and skills training in line with encourage industry sectors which Bahrain is the only economy the requirements of the private Investment can offer significant investment in the MENA region to rank sector, adopting best practice potential, based on Bahrain’s amongst the world’s top 20. from some of the world’s most OppOrtunItIes natural and human resources, The Kingdom was also the first successful educational models. Shaikh Mohammed bin Essa Al global market trends and regional country in the GCC to have Furthermore, Bahrain is an Khalifa, Chief Executive of the demands. ratified a Free Trade Agreement open, tolerant and welcoming Bahrain Economic Development Bahrain’s overall economic with the United States of society that has long respected Board (EDB): “Bahrain is the strategy is focused on the America. people of all cultures, ethnicities, most diversified economy in creation of high-quality jobs in Importantly, Bahrain has denominations and genders. With the Gulf and our strength is in sustainable industries and value- a strong track record and its its multicultural society, boutique this diversification. We have a added sectors. The country modern international business restaurants, and a thriving arts wellbalanced economy that is now carries an established credentials extend well into the scene and café culture, there is growing with sectors and islands track record in a number of key Best of Bahrain 5
  • 8. sectors: over the 2006 to 2008 period. standards that have helped attract in 1984. Formal regulations Financial services Bahrain’s banking sector institutions to the country and governing funds were introduced Widely regarded as the comprises both conventional and led to the rapid growth of Islamic in 1992 which encouraged the bestregulated financial centre in Islamic banking and is the largest finance assets.” development of a thriving fund the Middle East, Bahrain has been segment within the Kingdom’s Bahrain is widely recognised sector and leading to Bahrain’s the region’s undisputed financial finance sector. as the global leader in Islamic dominance as the Gulf’s regional capital for decades. The Central A key feature of the banking finance, with the largest funds centre. As at October Bank of Bahrain (CBB) is the sole system in Bahrain is the rich concentration of Islamic financial 2009, Bahrain was home to more regulator of the entire financial variety of locally incorporated and institutions in the world. At than 2,600 registered funds. services sector. international banks (conventional present, there are 27 Islamic Of these, 137 are Bahrain As of November 2009, and Islamic) that operate in the banks (whose assets under domiciled schemes, and 59 are there are 414 licensed financial Kingdom. Between them, these management total US$25.7 Islamic funds. institutions based in Bahrain, banks provide professional billion), 18 Islamic insurance including local, regional and services and products to retail, companies (Takaful), and 1 Insurance & reinsurance international firms. Banking is wholesale and private wealth re-Takaful firm operating in The insurance industry in the cornerstone of the finance clients. Several locally the Kingdom. A number of Bahrain has been growing industry, and has diversified into all incorporated banks have either conventional banks have also steadily and strongly in recent aspects of finance including funds, branches or subsidiaries in other successfully integrated Islamic years demonstrating double insurances, reinsurances, Islamic countries throughout the Middle products within their operations. digit growth, and mirroring the finance and capital markets. This East, Far East, Africa, Europe and In addition, Bahrain is at the expansion of Bahrain’s financial has created a large pool of local the United States. Overall, the forefront of the market for Islamic sector. The Kingdom offers talent. total consolidated balance sheet securities (sukuk), including the ideal environment for the The financial sector is one of the banking sector reached short-term government sukuk, insurance industry, and with its of the most important and $218.9 billion by October 2009. as well as leasing securities. forwardlooking and business- wellestablished sectors of The CBB has played a friendly regulatory regime it Bahrain’s economy accounting Islamic Finance central role in the introduction hopes to sustain this growth in for 26.59% of Gross Domestic Khalid Hamad, Executive Director- of these products. the longterm. Bahrain is home to Product in 2008 according to the Banking Supervision, CBB: “Whilst more than 170 insurance firms. Central Informatics Organisation. the underlying principles of Islamic Funds Administration & Reinsurance is a smaller market Banking finance have safeguarded it management than the main insurance sector Bahrain’s banking system against the worst of the economic Bahrain has a thriving funds in Bahrain, but it is one that is experienced annual average downturn, it is Bahrain’s tried and industry, with the first Bahrain steadily growing. An increasing growth rates of 18 per cent trusted world-class regulatory domiciled fund being launched number of companies are offering
  • 9. reinsurance for local companies investment vehicle, Bahrain Low set up costs, access to and the proposed Bahrain-Qatar and using Bahrain as a base from Mumtalakat Holding Company competitively priced, skilled causeway. It is also just 13km which to do business globally. with a capital of BHD2 billion. labour, political and cultural from Bahrain International Airport, Mumtalakat is committed to neutrality and a favourable legal making it perfectly positioned as takaful fostering the development of environment combine to make a multimodal logistics hub for the With the region’s Takaful market the company through greater Bahrain the ideal operating region. set to boom over the next few transparency, better accountability environment. Shaikh Mohammed bin Essa years, Bahrain is rapidly being and improved growth of its Al Khalifa, Chief Executive of the established as the leader in investments. Information Communication EDB, said: this field. Bahrain is the first technology (ICt) “The Khalifa bin Salman Port market to introduce regulations _____________________________ Bahrain boasts the Middle East’s and Bahrain Logistics Zone now for Takaful companies that met most liberal and advanced ICT represent a world class logistics with Accounting & Auditing On top of a thriving financial infrastructure and policies. The hub right at the heart of the Gulf, Organisation for Islamic Financial services sector, the Kingdom Bahrain ICT market is expected to providing the ideal location from Institutions (AAOIFI) standards. also has strong professional reach $375 billion by 2010, due to which to tap into the almost Predictions at the Takaful services, logistics and the high demand for IT products one trillion US dollars combined conference held in April 2008 manufacturing sectors. and services from both public market of the GCC countries suggested that the industry was International businesses and private sectors. The growing and its rapidly expanding, young set to increase to US$10 billion already in Bahrain include need for robust IT solutions is population.” by 2015. Microsoft, Kraft, BNP Paribas, also being driven by massive Ernst & Young, KPMG, DHL and eGovernment and eCommerce Automotive Industry sovereign Wealth Funds – Standard Chartered Bank. initiatives, aimed at achieving Bahrain has consistently stood mumtalakat economic diversification. Bahrain at the forefront of a thriving Kamal Ahmed, Chief Business & professional offers low entrance costs and its automotive sector in the Middle Operating Officer of the EDB: services market is rich with opportunity. East, having joined an elite club of “The independent ranking With the largest financial services 18 nations by hosting the Formula of Mumtalakat as the most centre in the Gulf and close Logistics One World Championship six transparent Sovereign Wealth proximity to Saudi Arabia’s oil Bahrain is currently investing times in a row. The automotive Fund in the Gulf is further proof and gas markets, opportunities US$2.9bn to upgrade its logistics industry in Bahrain grew by of the Kingdom’s commitment for professional and business infrastructure. The Bahrain 6.8% in 2007 and a further 10% to the highest standards of services are abundant in Bahrain. Logistics Zone is fully integrated in 2008 and the Kingdom now accountability and robust These include law, accountancy, with the new Khalifa bin Salman has substantial expertise in the regulation that has created a management consultancy, port, and is in close proximity to sector, especially in motor sport stable business environment.” marketing services, engineering both the King Fahd causeway and aluminium component In 2006, Bahrain set up its own services and human resources. linking Bahrain to Saudi Arabia manufacturing.
  • 10. About the Bahrain eDB both the public and private sectors to Bahrain’s competitive advantages and work closely together to achieve Bahrain’s provide significant investment opportunities. Kamal Ahmed, Chief Operating Officer strategic objectives for change and growth. The Bahrain EDB works to enhance the of the EDB: “The Bahrain EDB strives Shaikh Mohammed bin Essa Al Khalifa is capabilities, infrastructure and policies that to be the catalyst for change that will the Chief Executive of the Bahrain Economic are tied to the economic sectors and to transform Bahrain into a preferred Development Board. the overall business environment. In doing global business destination.” so, the EDB aims to attract foreign direct eDB Initiatives investment in these areas and contribute to The Bahrain Economic Development The Bahrain EDB has played a prominent the Kingdom’s economic growth. Board (EDB) is a dynamic public agency role in a number of important initiatives. The Bahrain EDB is responsible for responsible for formulating and overseeing These include Bahrain’s hosting of the promoting the Kingdom of Bahrain abroad the economic development strategy of Middle East’s first ever Formula 1TM Grand through its overseas network of dedicated Bahrain, and for creating the right climate to Prix; becoming the first country in the Arab offices, in India, Japan and Hong Kong, attract direct investment into the Kingdom. world to fully liberalise its telecoms industry; and by working closely with its embassies The role of the Bahrain EDB is to provide and establishing a Free Trade Agreement around the world to promote business leadership by uniting all of the Kingdom’s with the United States. investment opportunities. shareholders through a unified vision, and The Bahrain EDB currently seeks In addition, the Bahrain EDB offers an to develop key strategies for growth. The to attract inward investment across investor-facilitation service to first-time Bahrain EDB also acts as a facilitator, helping several economic sectors in line with the investors interested in doing business in all of Bahrain’s stakeholders to understand government’s aspirations to promote Bahrain. A dedicated business development and adopt the changes necessary for productive and sustainable growth, as set officer serves as the first point of contact progress. In addition, the Bahrain EDB out in Bahrain’s Economic Vision 2030, to the Kingdom, working to understand provides sound project management to launched in October 2008. The National the objectives of each investor, providing ensure that all agreed reform initiatives are Economic Strategy provides a roadmap information regarding the relevant implemented effectively. for the vision, which sets the direction procedures for setting up businesses, and The EDB is chaired by His Royal for Bahrain’s future development, aiming helping them to develop a strong network of Highness Prince Salman bin Hamad Al to build a better life for every Bahraini by contacts to successfully conduct business Khalifa, Crown Prince of Bahrain. The utilising the private sector as an engine in Bahrain. EDB Board of Directors consists of 17 for growth and focusing on modernizing government ministers and 10 leading the economy, developing new skills and executives from the private sector. The enhancing productivity and innovation. Tel: +973 17 589 969 Board’s composition is designed to enable Several economic sectors capitalise on www.bahrainedb.com
  • 11. Kamal Ahmed, Chief Operating Officer, Economic Development Board
  • 12. ChapterS Best of Bahrain Hotels & Hospitality Dining & Entertainment 42-53 54-63 Chapter 1 Chapter 2 Health, Beauty & Wellness Training, Education & CSR 108-115 116-129 Chapter 5 Chapter 6 Oil, Gas & Manufacturing Media, Communications & Technology 164-169 170-187 Chapter 10 Chapter 9 10 Best of Bahrain
  • 13. Travel, Tourism & Events Arts & Culture 64-77 78-107 Chapter 3 Chapter 4 Real Estate, Construction & Design Banking, Investment & Finance 130-149 150-163 Chapter 7 Chapter 8 BEST OF bahrain Best of Bahrain 11
  • 14. The Court of HRH The Prime Minister Your Royal Highness, how Bahrain is a country of limited These mechanisms were set and economic growth. has your Government space and resources. In such in place since the early stages Simultaneously, any social or supported the development a situation it is only natural to of the state formation, which in economic development is subject and diversification of Bahrain’s define your ambitions within turn contributed to witnessing to this stability. economy in light of the current these limitations. Faced with such a limited negative magnitude of difficulties and successive challenges Bahrain conducted the recent global crisis, keeping Therefore, as we look today global and regional crises? in-depth studies with a futuristic Bahrain as immune as possible at the achievements realized Global difficulties are a testament approach that recognizes the under such circumstances. by the people of Bahrain as a of Bahrain’s ability to overcome indispensability of developing consequence of the Kingdom’s the reality and employ it for mechanisms for income We believe that any progress diversification policy, we the realization of its interests. diversification. is only secured via stability become more confident and 12 Best of Bahrain
  • 15. The Royal Family, rulers of the Kingdom of Bahrain international exhibitions and accordance with specialized the current intense competition to conferences, as well as home to studies and research. We realize attract direct foreign investment many important industries such the international geographic and mega-projects. We believe as oil and gas related industries, importance of the region we live that it is the responsibility of the petrochemicals, aluminum, in, as a meeting point between State to provide the facilities and shipbuilding and repair. We East and West, particularly the incentives necessary to attract continue to attract foreign vital and strategic location of and sustain local and foreign investments, and you only need the Kingdom of Bahrain within investments alike. to take a look at the development it. Therefore, we remain keen and investment projects in the to benefit from our location Today we enjoy a sophisticated Kingdom to realize the success in further attracting foreign communication network; we of our policies whether those investment and encouraging have no monopoly in this field. concerned with sustainable new ideas and initiatives that will The industry is characterized by development or improving the further strengthen our economies a competitive environment that quality of life in general. and support our endeavors to recognizes the needs of both the increase our development and service provider and its users Your Royal Highness, how our growth rates. with ample opportunities for do you envision the path for specialized companies to enter. proud of Bahrainis ability to economic growth in the future? We are also aware that this can change their reality and open up What are the possibilities of be achieved only by providing We currently have in place three new prospects for the coming diversifying sources of income a modern infrastructure in the Telecom service providers. We generations. so as not to depend solely on areas of Communication and are confident that the presence of oil revenues, banking and the Technology, particularly in these three companies will enrich Today, Bahrain is a highly visible real estate sectors? Information Technology and the telecommunications sector, financial and banking centre In order to minimize any risks Telecommunications. We remain contribute to the industry’s with a leading international that may impede our economic committed to insuring that our development and provide high status particularly in Islamic and social development, we infrastructures are in accordance quality services for all investment Banking. Furthermore, Bahrain is constantly review our legislative with international standards and projects in the Kingdom of a significant centre for services, and economic policies in expectations, especially in light of Bahrain. Best of Bahrain 13
  • 16. 14 Best of Bahrain His Royal Highness Sheikh Khalifa bin Salman Al Khalifa, The Prime Minister of the Kingdom of Bahrain
  • 17. In the same manner in which the extent of development we are developing our and success witnessed in the communications, air traffic, sea Kingdom of Bahrain. Yet, we and land infrastructures, we believe that one of the most are developing and expanding important indicators in evaluating the Bahrain International our economic reality is the Airport in order to enable it to reflection of these achievements accommodate larger numbers on the Kingdom’s citizens and of aircrafts and passengers, their well-being. transferring it into a focal airport As a case in point, in attracting in the region. Furthermore, we foreign direct investment Bahrain are developing our ports as well is ranked first between all to keep pace with the continued Gulf States, and twelfth in this increase in trade, especially in category on the global level. transit trade, where the Kingdom Furthermore, according to the of Bahrain is a main conduit outward FDI Performance Index, between East and West. These Bahrain ranks as the second developments are imperative country in the Arabian Gulf States for growth. The King Fahad and ninth internationally. These Causeway is also going though rankings confirm, without a constant development particularly doubt, that we are set on the right as a land outlet, helping to path and that we have a solid increase mobility of trade, goods foundation on which to build our and people between Bahrain, future successes. Image by: Hanan Hassan Al Khalifa Gulf States and other Countries. What are the most The Kingdom of Bahrain has been fundamental economic internationally recognized as a indicators upon which your leader in the field of Information Royal Highness depends on in Technology, ranking 45th from your work as Prime Minister a list of ‘Country Readiness and Why? in the field of ICT.’ In addition We always act in accordance the United Nations Report on with our vision and goals, E-Government for 2010 ranked particularly the goals designed Bahrain E-Government as first in to meet the needs of Bahraini the Middle East, third in Asia and citizens, to provide better 13th Globally. services as inspirited by them, and to raise to their aspirations We continue to develop new for the future. In this context, the ideas, initiatives and proposals Government of Bahrain is based that add value to our economy on several main economic pillars and National Income, thus that include, but are not limited enhancing and advancing the to, the development of living historic role of the Kingdom of standards, the development Bahrain in developing world of services and facilities, the Trade. ongoing development of projects that bring about added value Do you believe that the global to the national economy, and economic indicators obtained attracting investments that on Bahrain’s economy from contribute to the establishment specialized international of new projects, which in turn institutions are sufficient provide more job opportunities evidence for the success of for Bahraini citizens. involvement, yet this can only be momentum. Therefore, we your economic policies and are achieved if they enjoy descent accord paramount attention to significant indicators of future Our ambitions recognize no and secure lives. sustainable development, as viability? limits when it comes to the we view it as the right approach Indicators are an important part Kingdom and the well-being of What is the opinion of Your for future growth and the only of a number of mechanisms citizens. We strive to realize the Royal Highness with regards guarantor to the continuity of our designed to measure the best results possible, from high to the challenges facing achievements. success of our policies, standards of living to providing sustainable development in the especially since they come from the best services possible, Kingdom of Bahrain? We have always believed that international institutions that specifically in social well-fair, Development is an ongoing investing in human capital are impartial and specialized. health, education and housing. process and the mechanisms should be at the heart of any These institutions highlight to We want citizens to realize set for its realization should developmental approach the world, in accordance with their full potential and to have be constantly reinforced and that investment, in itself, their predetermined standards, high levels of productivity and to maintain a progressive should remain a state priority Best of Bahrain 15
  • 18. in the Kingdom of Bahrain. We Having said that, it becomes State Income and thus its income and create more job are confident in the abilities only natural to refer to some of capital allocation for project opportunities for Bahrainis? of Bahraini citizens, whom the challenges the state faces development. Yet, we remain Investment is not an end in we consider to be the real such as resource limitations capable of facing these itself. We strive to improve and sustainable wealth of the and varying global economic challenges, overcoming them the selection process so that nation in achieving further circumstances. For example, and indeed moving forward with investments play a significant developments in all fields. global financial downturns may our sustainable development role in the economy, meet the affect investment levels and policies. economic needs of the country, Human development and project building rates, while help transfer technological and economic development remain increases in global prices for How do you link investment technical skills and support highly correlated, yet we are basic commodities and goods, in different sectors with the our endeavors to train our firm believers in the necessity in light of the subsidies we Kingdom of Bahrain strategy manpower in order to increase to both maintain a balance guarantee our citizens, in turn for Vision 2030? What are their knowledge and skills. With between the two and realize increase the financial burden other areas of investment this vision in mind, Bahrain the specific needs of each field of the state. All these matters, you are looking to go into has devised many investment individually. directly and indirectly, affect to diversify sources of incentives and has worked to 16 Best of Bahrain
  • 19. improve its overall investment and realize a continued flow of Vision 2030 focuses the future increasing investments including climate and freedom, leading investments. This is a testament strategy for the development Foreign Direct Investment (FDI). to an internationally recognized of the general confidence in the of our national economy with Achieving this will, without a distinctive progress in the field. Bahraini economy and in the international competitiveness in doubt, lead to an increase in security, appropriateness and mind. In this context, the private our competitiveness and further Bahrain enjoys a solid economy positive economic climate we sector is to become the catalyst strengthen the capacity of with good growth rates, which enjoy. Furthermore, it reflects for growth creating, among other Bahrain’s economy to make good in turn provided us with an the positive response to the things, ample opportunities for use of state of the art technology advantage during the recent new investment opportunities citizens to work in the private and world-class management global economic downturn, and patterns we are constantly sector also helping in turn limit techniques. We are sparing no allowing us to be more positive introducing and developing, the high interest in governmental effort to attract investment to while realistic and balanced in capitalizing on what makes and public sector employment. other sectors in addition to the our outlook throughout the crisis. Bahrain’s comparative advantage existing sectors of banking, The Kingdom of Bahrain was in particular its investment Furthermore, our national industry and real estate. At able to avoid to a large extent incentives and its legislative and strategy gives great importance present, we have the promising the negative impacts of the crisis judiciary infrastructure. to further encouraging and sector of tourism, where Bahrain Best of Bahrain 17
  • 20. HRH awarded with “The Special Citation of has become the preferred that will be implemented through the UN-HABITAT Scroll of Honour” from the location for distinct investments the collaboration between the UN Secretary General, Geneva 2007 in tourism, these rose to more Government and Bahrain’s than $12 billion in the current Economic Development Board, decade, compared with only headed by His Royal Highness $500 million in the nineties. Prince Salman bin Hamad Al Khalifa, Crown Prince and Deputy As a tourist hub the Kingdom Supreme Commander. of Bahrain attracts more than There will also be a 3.7 million visitors a year. The continuous monitoring of contribution of the tourism sector the implementation process to Bahrain’s national income is including the detailed plans therefore approximately 9 percent contained therein. We all, as with average annual revenue of institutions in the Kingdom of one billion U.S. dollars. These Bahrain, collaborate in great achievements have been made harmony so as to realize our possible by the successful main objectives which in turn tourism sector development serves the country’s interests. polices the Government has Our aim is to integrate and put into place and firmly standardize without any overlap implemented. or conflict. Our vision is clear and our way forward is to review What strategy does your what has been achieved in the government employ in order to past, build on these successes ensure that Vision 2030 serves with a clear focus on the future. the truest interests of Bahrainis as a whole? We believe that in any economic We have specific mechanisms reform, the public sector emanating from Vision 2030 itself cannot replace the role of 18 Best of Bahrain
  • 21. the private sector. Thus, the We accord substantial attention private sector should play the to youth healthcare in order central role in managing the to insure that our young development process and must generations grow strong, further expand its particular role disease free, highly productive on the domestic and regional and distinctively creative and fronts alike. innovative. Furthermore, we provide youth sports and Your Royal Highness, what social centers, giving them the are the scenarios for the opportunity to channel their future as you see them for the energy and prepare themselves youth of Bahrain? for the future whereby they The youth are half of the are better able to contribute to present and all of the future. their country’s progress and We are preparing them to take prosperity. responsibility with integrity. To meet this end, we continue We have centers for fostering to develop our educational talent and integrating people system and link our educational with special needs into the curriculums with labour market educational process, as part needs. We have managed to of a boarder plan to integrate decrease unemployment rates and incorporate their abilities to their lowest level thus far, in society. We are also proud 4 percent. We concentrate of the prevalence of several on training, which in turn, will public and private universities enable young people to engage in the Kingdom of Bahrain in the labor market and meet that seek to provide the best the needs of the Kingdom in levels of education not only HRH awarded with “UNESCO Avicenna Gold Medal “ various disciplines. for our youth but for the youth from UNESCO Director General, Paris October 2009 Best of Bahrain 19
  • 22. of neighbouring countries and Resources, Environment and other foreign resident children Wildlife Monitoring in Bahrain, from around the world. confirms that emissions in the Kingdom are in line with In light of the global challenges international standards. of climate change, what are the Furthermore, we are among steps taken by the Kingdom of the countries that take the Bahrain to protect the natural protection and the reservation heritage and to ensure the of the environment seriously. In use of low-carbon energy in this regard, we have decisive and the various institutions and outstanding legislations. enterprises? In the Kingdom of Bahrain we How do you see the have a formal body to protect participation of your country in the environment, which monitors growth at the global level and the emission rates of factories what role do you think that your and takes the necessary action government has in this area? to reduce these emissions We are part and parcel of this where found. Furthermore, we world and we are proud of our contribute actively in various effective role, in collaboration regional and international forums with friends in all countries, to find solutions to climate to reach a more secure and change challenges and to ensure stable world; where relations are that the Kingdom of Bahrain is characterized by mutual respect, aligned with any procedures that free from conflict and tension, have been agreed upon globally. which have caused serious HRH awarded with the “King Abdulaziz Medal”, The findings and indicators, as a damage to the development an honour given to world leaders from King result of the Public Commission plans in many parts of the Abdullah, Riyadh April 2009 for the Protection of Marine contemporary world. 20 Best of Bahrain
  • 23. The inaugural Bahrain International Airshow (BIAS) 2010 There are common challenges brought about tremendous facing all countries worldwide, global convergence, further where agreements are necessary blurred barriers between nations to achieve crucial goals such and made distances more as; sustainable development, manageable. We truly all live now economic diversification, job in one global village, with only creation, quality education and geographical spaces to separate health for all. us. Bahrain’s economy, especially as Let us reiterate the call to the being one of limited resources, is entire world, to fully cooperate highly interlinked with those of its to improve the circumstances in neighbours as well as with world the least developed and poorest oil markets. We are working to countries, to renounce violence expand our options, particularly and eschew conflicts and wars in banking and tourism. Yet, that can never bring peace and despite our limited resources our tranquility to the world. economic growth remains high, diversified and thus enhancing Unless all of us respect human our status on a world wide scale. rights, work to improve the lives of people everywhere, free from We are confident that no State the prejudices of racism and alone can make a unique ethnocentrism, the elimination achievement in the world. of tension and widespread On the contrary, international poverty will not be achieved. We cooperation is, without a are all part of this world and so doubt, the driving hallmark progress and development is the of today’s world. Indeed, the responsibility of us all without communication revolution, which exception. Best of Bahrain 21
  • 24. Bahrain Overview The pearl of the Gulf, Kingdom of Bahrain is a small island-nation located just off the Arabian Peninsula. With its name meaning ‘the two seas’, this land was once considered by the ancient Sumerians to be an island paradise for the wise and the brave who were transported there to enjoy eternal life. The Al-Fateh Mosque located next to the King Faisal Highway in Juffair, Kingdom of Bahrain 22 Best of Bahrain
  • 25. More recently, the Kingdom of kilometre causeway which opened modernity, symbolising a beacon Bahrain has achieved fame as in November 1986, creating easy of progress in the Arab world. one of the first Gulf States to access for many businessmen discover oil. Since the Al Khalifa who live in the Kingdom of Head of State : family began ruling the country Bahrain and work in Dhahran in H. M. King Hamad bin Isa Al Khalifa in 1783, the country has been the Kingdom of Saudi Arabia’s moving towards creating a local Eastern Province. The island was Official Name: Kingdom of Bahrain identity that marries tradition and once known as Dilmun and was modernity, symbolising a beacon of home to an ancient civilisation Capital City : Manama progress and humility in the Arab that played a central trading role World. between the peoples of the Indus Area : 665 sq km Valley (now India) to the south Best of Bahrain and Mesopotamia (now Iraq) to Population Approx : 720,000 The Kingdom of Bahrain is an the north. Dilmun’s capital was archipelago comprising 33 islands a major port whose remains are Time Zone : UTC+3 located in the Persian Gulf ruled visible today at the UNESCO World by the Al Khalifa dynasty since Heritage Site of Bahrain Fort (Qal’at Official Languages : Arabic & 1783. Bahrain became a British al Bahrain). English protectorate in the 19th Century The Kingdom also features in and gained independence in one of the world’s oldest and most Official Religion : Islam 1971.The current ruler, His Royal enduring pieces of literature – the Highness King Hamad bin Isa Al Epic of Gilgamesh, where the Currency : Bahraini Dinar (BHD) Khalifa, assumed the throne in island was home to the source of 1999 and instituted a process eternal youth. The tale is believed Country Dialling Code : +973 of democratic reform. Through to refer to the pearls from the the change to a constitutional shallow Gulf waters, which were People Age Ratio : 0-14 years: monarchy in 2002 his title went one of the Kingdom of Bahrain’s 26.4%, 15-64 years: 69.8%, 65 from Emir to King. Since that biggest exports for generations. years and over: 3.8% time, the Kingdom of Bahrain has In more recent years, the moved from strength to strength Kingdom of Bahrain has been Gender Ratio : 1.25 male/female through its financial sector and a regional pioneer, particularly infrastructure development. The as a specialist business and Ethnic Groups : Bahraini 62.4%, Kingdom of Bahrain is a member financial centre. The Kingdom non-Bahraini 37.6% of the United Nations, the Arab has a whole series of Gulf ‘firsts’ League, the Gulf Co-operation under its belt - from discovering Religious Affiliations : Muslim Council and the Organization of the oil, to diversifying the economy, (Shia and Sunni) 81.2%, Christian Islamic Conference. providing education for both 9%, other 9.8% males and females from the Background on Bahrain 1920s onwards and becoming Accommodation Bahrain is an Arabic word meaning the first democracy with universal The Kingdom of Bahrain “Two Seas”, referring to two facts. suffrage in the region. Indeed, provides various options First, the islands are surrounded in the Kingdom of Bahrain, for visitors, from furnished by two kinds of water; freshwater women are entitled to run for apartments to an impressive Image by Abdulla M. Al-Khan of Bahrain House of Photography springs may be found within the parliamentary office. The Royal range of local and international salty water of the Arabian Gulf. Family has integrated both hotels. The country hosts such Secondly, the Kingdom of politically and socially throughout well-known hotel names such Bahrain lies between the southern the world, befriending many as Ritz–Carlton, Banyan Tree, and northern waters of the Gulf high-profile figures. One such Crowne Plaza, Radisson Blu, which separate it from the Arabian friendship was with the late ‘King Sheraton and will be extending coast and Iran. The Kingdom of Pop’ Michael Jackson: on its hospitality with the opening of Bahrain is located midway his untimely death in 2009 H.M. of a greater range of five-star between the Qatar peninsula and King Hamad commented that properties by 2012, including Saudi Arabia. Bahrain Island is 48 “the world has lost a giant in the the Four Seasons, Raffles and kilometres long and 16 kilometres music industry.” In many ways, Kempinski. Also a current trend wide. The Kingdom of Bahrain is Bahrain has created a distinctive is the advent of boutique hotels connected to Saudi Arabia by a 23 identity that marries tradition and such as L’Hotel. Best of Bahrain 23
  • 26. Health and Beauty Climate National Flag Located just off the Arabian The flag of the Kingdom of Peninsula, the Kingdom of Bahrain Bahrain is made up of a white is generally considered a hot, arid band on the left, separated country. While it does see very from a red area on the right by hot and humid summers (July a zigzagging line. The five white to September), the Kingdom of points of the line represent the Bahrain also experiences mild and five pillars of Islam. pleasant winters (December to March), making it a much-desired FACTS ON THE KINGDOM vacation destination for those living OF BAHRAIN in regions where the winter can be much harsher. GENERAL INFORMATION BUSINESS AND ECONOMY Average Temperature in ˚C Winter lows: 10 ˚C Banks and Foreign Exchange Summer highs 36 ˚C The Kingdom of Bahrain is host to world-class financial Embassies institutions, including the highly Most countries are represented in regarded Ahli United Bank, the Kingdom of Bahrain by their which has won ‘Best Foreign respective embassies. Exchange Bank in the Middle East’ for three consecutive Medical Facilities years. The National Bank The Kingdom of Bahrain offers of Bahrain also provides modern medical care and comprehensive banking medicines through various services. Other financial hospitals in the country. Two institutions in the country fall government hospitals and several under the following labels: private hospitals provide a wide investment banks, commercial range of medical services. banks, specialized banks, Many expatriates prefer to offshore banking units, and attend private hospitals such as money and foreign exchange the American Mission Hospital in brokers. Islamic Banking is Manama (www.amh.org.bh). For abundant. more information please view the Kingdom of Bahrain Ministry of Credit Cards and Cash Health website (www.moh.gov.bh). All major credit cards can be used in the Kingdom of Bahrain. National Anthem Cash is preferred in the local “Bahrainona” (“Our Bahrain”) currency which is Bahraini Dinar. 24 Best of Bahrain
  • 27. Doing Business in the Kingdom of Bahrain According to the United Nations Economic and Social Commission for Western Asia, the Kingdom of Bahrain has the fastest growing economy in the Arab world. This makes it an ideal country for all types of business ventures. In the face of the global economic crisis, the country is diversifying its economy to ensure its continued success both locally and internationally. Additionally, the Kingdom of Bahrain’s focus on Islamic banking, which is becoming increasingly popular, ensures that it will be one step ahead of the world in the business realm. With many international firms making their home in the country, the Kingdom of Bahrain is a tried-and-true option for business and investment. has made steady progress in the local and international mobility. Kingdom of Bahrain. Today the The country’s small size allows for Natural Resources country hosts five dailies, including easy access to almost all parts Oil is the Kingdom of Bahrain’s two in the English language. of the nation. The government- major source of revenue, with Regional and international sponsored road network provides petroleum production and newspapers and magazines also the major link between residential processing accounting for about circulate in the country. and commercial areas, as well 60% of export receipts, 60% of as connects to airports, seaports government revenues, and 30% COMMUNICATIONS AND and industrial zones. In terms of of GDP. TRANSPORT international access, the Kingdom of Bahrain has no shortage of THE MEDIA Telecommunications options: various seaports; bridges The Kingdom of Bahrain (linking the island nation with Radio has a well-developed Saudi Arabia and Qatar); and Most radio stations in the Kingdom telecommunications system that the Bahrain International Airport, of Bahrain are state-run, with has recently been privatized with complete with its own carriers like the Bahrain Radio and Television several competitive providers Bahrain Air and Gulf Air, provide Corporation (BRTC) broadcasting including Batelco, Viva, Zain, instant gateways to the world a general programme in Arabic, Menatelecom and Nuetel. The outside the country’s borders. a second programme featuring landline phone system connects Buses run regularly with links cultural and local programmes, most parts of the country, while between most towns to Manama a Holy Quran programme and mobile coverage stretches across and Muharraq, running from a sports service, as well as the the island. The Kingdom of Bahrain 5.30am until 9.30pm. Timetable English language is well-connected; it is fairly easy information is provided at the bus Radio Bahrain. The country also to get online at internet cafes and terminals. has a privately owned programme visitors should not have problems The Government has aimed to for Indian listeners. obtaining internet access from privatise the public transportation any of the four and five star hotel for the private sector to develop Television properties. The Bahraini domain the service and raise its efficiency The Kingdom of Bahrain is eager to suffix is .bh. and effectiveness to fully serve promote itself as the media hub of The Telecommunications the residents. It is expected that the Middle East. Locally, the state- Regulatory Authority (TRA) was the development of the public run Bahrain Radio and Television recently established for protecting transportation will encourage more Corporation (BRTC) operates five the interests of subscribers and residents from all social sectors to terrestrial TV networks. users, and promoting effective and use the buses, even if they own For more information see the fair competition among established cars, to participate in the reduction Ministry of Culture and Information: and new licensed operators. www. of the number of cars in the roads www.moci.gov.bh/en/ tra.org.bh/en/ and minimise traffic jams, and also reduce air pollution, also knowing Print Public Transport that the Public Transportation Since the opening of the first As a small island nation, the service provided general benefits Arabic newspaper daily, Akhbar Kingdom of Bahrain’s transport from economic, social and al Khaleej, in 1967, print media infrastructure emphasises both environmental aspects. Best of Bahrain 25
  • 28. Private Transport Like much of Europe and all of North America, driving in the Kingdom of Bahrain is on the right side of the road. Road rules are strictly enforced. These include the mandatory wearing of seatbelts, speed limits and a zero tolerance for drink driving. Violators may be fined on the spot. Rental cars are readily available but visitors cannot hire a car using a foreign driver’s license (other than from GCC countries). According to Bahraini law, only an International Driving Licenses is acceptable and must be obtained before entry into the Kingdom. Postal Services The Kingdom of Bahrain’s Postal Directorate has established post offices in many parts of the island nation, so that contact with the world is never far away. In addition, the country makes various internationally-recognised services available to its residents to ensure the highest levels of quality and efficiency in communicating with the outside world. Tourism With over eight million visitors a year, the Kingdom of Bahrain is a popular tourist destination. Steeped in Arab history while openly embracing the modern world, Bahrain offers what Lonely Planet describes as “an excellent introduction to the Persian Gulf”. The country combines traditional Arabic culture, contemporary Gulf glamour and the archaeological legacy of five thousand years of civilization. It also hosts settlements, temples and burial mounds from the ancient civilization of Dilmun, which dominated trade between Mesopotamia and the Indus Valley Civilization. The government is actively supporting the tourism industry by contributing to large-scale development projects. Various resorts are planned in the Kingdom of Bahrain, including the Al Areen Resort, Dannat Hawar, Durrat Al Bahrain, Amwaj Islands, Lulu Island, Riffa Views and Bahrain Bay, soon to be home to the Kingdom’s first Four Seasons Hotel. Other prominent initiatives to increase tourism are the cultural events organized by the Image by Latifa Al Shakar, alshakar@gmail.com Ministry of Culture & Information as well as the expansion plans of the Kingdom’s national airport. 26 Best of Bahrain
  • 29. World Heritage Sites UNESCO has listed one of the Kingdom of Bahrain’s many ancient forts, Qalat Al Bahrain, as a World Heritage Site. Initiated in 2006 under the patronage of His Royal Highness Prince Salman Bin Hamad Al-Khalifa, Crown Prince and Deputy Supreme Commander, the Investing in Culture project is aimed at enhancing an active partnership between the private and public sectors to financially and morally support new cultural projects aimed at human development with preservation of national identity. (www.investinginculture.bh). One heritage site notable to the Kingdom of Bahrain is the Tree of Life near Jebel Dukhan. Tipping This is prevalent but not as standardized as in North America. Many hotels and restaurants include Future of Retail Growth SPORT a service charge for dinners of 10 There is growth of convenience The most famous sports event -15 percent though it is customary to foods in the market due to in the country is the Bahrain leave a small extra tip to the waiting demand for a Western diet. Grand Prix, an annual Formula staff at the discretion of the patron. US-based Kraft has invested One racing event that takes Taxi drivers and other service workers in a 60,000 square metre food place at the Bahrain International will expect small tips of around 10 per processing plant, it’s first in Circuit (BIC). In 2004, Bahrain cent. the GCC region. With demand organised the Bahrain Grand Prix, for foreign food and fashion the first FIA Formula One World Luxury In The City increasing, there is immense Championship event held in the Located on the ground floor of potential for growth in Bahrain. Middle East that was later awarded the iconic Bahrain World Trade the “Best Organized Grand Prix” Centre (BWTC), Moda Mall has SHOPPING DISTRICTS award by the IFA. In 2006, the attained the status of an ultra- • Seef District Bahrain Grand Prix which is usually exclusive shopping complex, • Al Ali Mall the third race of the Formula thanks to its tenants. Offering • Seef Mall calendar swapped places with the about 16,500 square metres of • Bahrain Mall traditional opener, the Australian retail space, Moda Mall houses • Marina Mall Grand Prix and opened the some 160 high-end brands • Dana Mall Formula One calendar. In 2007, including Louis Vuitton, Emporio • Capital Mall - Bahrain Cultural the BIC became the first circuit to Armani, Versace, Just Cavalli, Handicrafts) receive the FIA Institute Centre of Hermes and Stella McCartney, Excellence trophy. The Kingdom of under it’s roof. Muharraq Bahrain staged the opening race of Al Kurar House the 2010 season as well. Hypermarkets in Bahrain To date, the lap record is held Even though, Bahrain has caught Manama by Michael Schumacher who in on to the hypermarket model The City Center Mall is possibly the 2004 did a lap record of: relatively late in the GCC region, biggest with 350 stores, 20 cinema the pace has been picking up screens, the Middle East’s largest • Lap record 1:30.252 – M steadily. France’s Auchain and indoor water park, 30 restaurants Schumacher (2004) the UAE’s EMKE Group have and a large Carrefour supermarket. • Laps 57 expressed interest in establishing The Manama Souk is next to • Circuit Length 5.412 km their presence in the country. Bab Al Bahrain (the gateway to • Race Distance 308.238 km The Bahrain City Centre Mall has Bahrain) and it is full of invigorating been successful in attracting noises and scents. Equestrian quite a number of tenants who The Kingdom of Bahrain is well- are major players in the GCC Isa Town Souk - Antiques known for its love of horse-riding region. Other malls are mostly • Souk Al Haraj – Flea market and equestrian heritage plus located in the Seef District and • Spice Souk diving and golfing activities. Riding include Al Ali Mall, Seef Mall, • Gold Souk clubs and events include: Bahrain Mall, Marina Mall and • Gold City • Amiri Stables, home to many Dana Mall. • Cloth Souk equestrian events where Best of Bahrain 27
  • 30. visitors can view some of the Clown fish trigger fish, surgeon Championship at Riffa Views Golf world’s finest Arabian breeds fish, turtles, rays, lion fish, grouper, Club which is a PGA, 18 hole, par Awali Riding Club specialises snapper, crayfish and even whale 72 golf course featuring five lakes in Trail Riding, Show Jumping, sharks can be spot near this reef. and 72 bunkers, plus the option Polo, Dressage and Cross Caisson wreck is located 20 to play in the evening under the Country. miles off the coast of the Kingdom floodlit course. • The Dilmun club was founded of Bahrain. This concrete and steel in 1974 and has grown into the structure is home to a numerous Desert Sports premier private club in Bahrain. species of fish. There are many types of desert Located in Saar, near Budaiya, Fasht najwah is located at 50 activities in the Gulf, whether to the ‘Dilly’ is a Sports and social nautical miles north of the Kingdom watch or participate in: club Twin Palms Riding Centre of Bahrain. Najwah is an excellent • Camel riding is the largest riding and livery dive location for advanced divers • Adventure Drive Arabia – this is centre Sakhir Racecourse with and photographers. for self drives on quad bikes its unique Arabic tent design During peak season, Najwah is • Falconry International show-jumping an excellent location to spot whale Endurance races sharks. ARTS AND CULTURE Fifi wreck is located 5 miles off The Kingdom of Bahrain’s Ministry Scuba Diving the east coast of the Kingdom of of Culture and Information is Because of its geography, diving Bahrain. This location is especially dedicated to promoting local art is popular in Bahrain: the warm, popular for night dives. and culture, as well as introducing Image by Hasan Al Khunaizi, hasan-alkhunaizi@hotmail.com shallow waters of the Bahrain the community to global forms of archipelago are teeming with Golf expression. Traditional Bahraini oyster beds. Scuba diving is Golf can be enjoyed at any level art and culture consists of generally done from boats and and on one of the oldest courses Quran readings, public poetry average underwater visibility is in the Gulf to one of the most performances, ceremonial about five metres. The Scuba innovative. Golf started in the dances, and storytelling. In Master dive centre in Manama 1930’s with the first three hole golf addition, Bahrainis are well-known teaches PADI and SDI training in course built next to Jebel Al Dukan for their work in handicrafts English and Arabic. in the oilfields. like golden jewellery and their For training, you might like to try craftsmanship as demonstrated in Popular dive sites in Bahrain Riffa Views Golf Academy. Bahrain their boatbuilding tradition. Local Bahrain pearl is the finest spot for has hosted some major golf music falls under the Khaleeji diving in the Kingdom of Bahrain. events such as the Senior Tours category, which is indigenous to 28 Best of Bahrain
  • 31. the Persian Gulf area as a whole of fresh water, desertification, and mixes Arab, Persian and and pollution from oil production, African musical traditions. The individuals and groups hope Kingdom of Bahrain also has a to set the foundations for an folk dance tradition. The Ardha environmental movement that can is a men’s sword dance, which keep the Kingdom of Bahrain’s is accompanied by traditional natural heritage as a blessing for drummers and a poet, who sings generations to come. the lyrics. Drawing by Danny Lawless lawlessconcept@yahoo.ca International Airport Environment Bahrain International Airport, Al As a country that takes the Muharraq, with over 36 airlines environment seriously, the using the facility. Kingdom of Bahrain has been On October 8, 2009, it was working closely with the UN announced that expansion work on issues of environmental worth BHD 1.8 billion will be preservation and sustainability. started in 2010 at the airport. In The United Nations Environment connection to that, Bahrain Airport Programmes Regional Office Company has received bids from for West Asia is located in the six companies. Planned over the Kingdom of Bahrain, and from next 30 years, the expansion is there works to provide advisory expected to triple the passenger services, capacity building and capacity to 27 million a year. Two technology transfer in the priority new terminals will be opened areas of the region under a series in the next four years as part of umbrella programmes. of the expansion. The airport Bahrain Duty Free www.bdutyfree.com The government, along development plan will also involve with local and international construction of an air traffic organisations, is making efforts control tower, cargo facilities, a to address environmental threats royal flight terminal and road and in the country, as this is the rail links to the airport. first step towards long-term environmental sustainability. By Major Locations focusing on issues like scarcity Al Muharraq, Al Hadd, Manama, Al Best of Bahrain 29