Bahrain
Bahrain Facts & Figures Map of Bahrain
Discover the Eastern Home of the King of the Pop
imported 2024-03-17 17:43:07
Bahrain Facts & Figures Map of Bahrain
Discover the Eastern Home of the King of the Pop
The Sovereign Wealth Fund (SWF) of the Kingdom of Bahrain is one of the youngest government-related Bahrain investments vehicles in the Gulf region. Its Arabic name, Mumtalakat, literally means ‘assets’. Mumtalakat is a government-controlled investments fund which put money into firms worldwide in order to maximize the funds’ rate of return for future of Bahrain.
Besides identifying Bahrain with the Formula One brand on TV screens around the world, the event has become a lucrative business. “In 2008, it generated 600 million USD for its direct and indirect economic impact; and on top of that it has changed people’s perceptions of how they view the Middle East”, says Martin Whitaker, CEO of the BIC.
The global fever for alternative energies has also hit the Gulf region and Bahrain industry. The iconic Bahrain World Trade Centre (BWTC) became the symbol for a carbon-rich region being in need to diversifying its energy sources and to make Bahrain industry green.
Business-friendly Bahrain is the centre of the Gulf and not the centre of attention, as Bahrain claims in its newly launched ad campaign. Nevertheless, the “Island of 1,000 smiles” also has its cultural flair with its capital city Manama hosting numerous mosques, museums, galleries, and monuments. Bahrain has places to fulfill every desire for fans of culture, arts, music, and tales of One Thousand and One nights.
By striving to be in the first rank of global business leadership, Bahrain has achieved a long series of “firsts” in order to rapidly move into a major leadership role in world banking, finance, business opportunity, tourism, high-performance sport, education, and culture.
BAPCO Bahrain, CEO, Abdulkarim Al Sayed
BAPCO Bahrain sells on the behalf of the Bahrain Government. The other source of income for the government is from the BAPCO Bahrain refinery. The money BAPCO Bahrain makes as a result of processing crude oil is a source of income for the government. Between what BAPCO Bahrain pays and what BAPCO Bahrain gets from the sale of products, the bigger the margin is the better it is for Bahrain.
Bahrain Ports – General Organisation of Sea Ports in Bahrain (GOP), Director General, Hassan Ali Al Majed
Khalifa Bin Salman Port will be built on 150 hectare and this will double Bahrain Ports capacity from 1.1 to 2.5 million TUs. Bahrain Ports are also planning for stage three where Bahrain Ports have reserved land east of Khalifa Bin Salman Port and it is almost the same size and this will also double the through port of Khalifa Bin Salman Port by almost 5 million containers. This is a plan for the next 20-30 years.
The Trucial States of the Persian Gulf coast granted the UK control of their defense and foreign affairs in 19th century treaties. In 1971, six of these states – Abu Zaby, ‘Ajman, Al Fujayrah, Ash Shariqah, Dubayy, and Umm al Qaywayn – merged to form the United Arab Emirates (UAE). They were joined in 1972 by Ra’s al Khaymah. The UAE’s per capita GDP is on par with those of leading West European nations. Its generosity with oil revenues and its moderate foreign policy stance have allowed the UAE to play a vital role in the affairs of the region.
The making of a powerhouse: How the United Arab Emirates (UAE) is transformed to an economic and tourism world class centre of the future.