A new report from KPMG concludes that Bahrain has one of the lowest costs of doing business in the GCC region, with the average employment cost of hiring an employee in Bahrain, incorporating occupation costs, average wages, house rent allowances and other expatriate benefits, being significantly lower.
The report’s findings reflect Bahrain’s competitive advantage as a location for investment into the Gulf market. Strategically located at the heart of the Gulf, Bahrain has long been considered the gateway to the region, with easy access to the large economies of Saudi Arabia, Kuwait and Qatar. The Kingdom’s highly skilled bilingual local workforce and low cost of doing business mean that it is a natural home for firms looking to invest in the region.
Alongside a low cost of doing business, other recent reports have also highlighted Bahrain’s economic strengths. Bahrain was ranked first in the Middle East and 12th worldwide in the 2013 Wall Street Journal/ Heritage Foundation Economic Freedom Index. In September 2012, the Fraser Institute’s annual Economic Freedom of the World Index ranked Bahrain as the seventh freest economy in the world.
Kamal bin Ahmed, Minister of Transportation and Acting Chief Executive of the Bahrain Economic Development Board (EDB), said: “We are very pleased about these findings, which reflect the work that the Kingdom has done to create an environment that helps businesses succeed.
Read more: http://www.gulfbase.com/news/new-report-highlights-bahrain-s-low-cost-business-environment/228310
The report’s findings reflect Bahrain’s competitive advantage as a location for investment into the Gulf market. Strategically located at the heart of the Gulf, Bahrain has long been considered the gateway to the region, with easy access to the large economies of Saudi Arabia, Kuwait and Qatar. The Kingdom’s highly skilled bilingual local workforce and low cost of doing business mean that it is a natural home for firms looking to invest in the region.
Alongside a low cost of doing business, other recent reports have also highlighted Bahrain’s economic strengths. Bahrain was ranked first in the Middle East and 12th worldwide in the 2013 Wall Street Journal/ Heritage Foundation Economic Freedom Index. In September 2012, the Fraser Institute’s annual Economic Freedom of the World Index ranked Bahrain as the seventh freest economy in the world.
Kamal bin Ahmed, Minister of Transportation and Acting Chief Executive of the Bahrain Economic Development Board (EDB), said: “We are very pleased about these findings, which reflect the work that the Kingdom has done to create an environment that helps businesses succeed.
Read more: http://www.gulfbase.com/news/new-report-highlights-bahrain-s-low-cost-business-environment/228310
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