Bahrain – Joint Venture (JV): Advantages and Disadvantages of Local Business Partner
Fawzi Ahmed Kanoo, Deputy Chairman of Yusuf Bin Ahmed Kanoo, one Bahrain’s largest conglomerates, comments on the advantages and disadvantages of joint venture business partnership in Bahrain.
Fawzi Ahmed Kanoo, Deputy Chairman of Yusuf Bin Ahmed Kanoo, one Bahrain’s largest conglomerates, comments on the advantages and disadvantages of joint venture business partnership in Bahrain.
In Bahrain companies can decide to either do business without a local partner — in this case they are obliged to set up the offices in one of the industrial zones — or partnering with a local partner.
The main advantage of a local partner is the connector effect, whereas the partner “opens doors for the business.”