moic.gov.bh

Since becoming an independent State in 1971, Bahrain has witnessed spectacular economic growth and has transformed from an essentially agricultural base, where the main products were pearls and dates, to a modern industrial, business and service center and is today acknowledged as being the banking hub of the region. Over the past years the Government has been the engine of the economy, using oil revenues diligently in order to provide a modern physical and legal infrastructure without having to resort to traditional forms of taxation. The result is a vibrant economy, a population which is well educated and adaptable, and a private sector ready to reach out to the global market. The Government is now progressively moving way from its involvement in productive processes, to that of facilitator of private sector initiatives.