Business Confidence in Bahrain

Mona Almoayyed, Managing Director of Y.K. Almoayyed & Sons, feels optimistic about 2013. She sees renewed business confidence in Bahrain: “I’m very optimistic. I think we are finished with the worst which was in 2011 where business really dropped substantially. 2012 has been a good year in the automobile section. Construction is down. Because we are diversified, there are many areas which are low such as building materials, construction and electronics but we are much better in automobile sales. But I feel that 2013 is going to be a better year,” she reveals.

When asked if the business confidence is improving, she responds: “Yes, the first two months have been a record for us and we have fewer problems. Compared to last year, even during the day you would hear demonstrations downstairs blocking roads. The government is now stricter with preventing the opposition from distracting life, especially the business side. We are also getting help from GCC countries which I’m sure will help with construction and building materials and will help the economy as a whole. It will pump more money into the economy.”