Life in Bahrain: Find Here List of Industries in Bahrain

Bahrain is a charming country, as it is an archipelago consisting of the island of Bahrain and thirty other islands, and Bahrain is located on the southwest coast of the Arabian Gulf. Bahrain relies mainly on the oil trade, as it has a small oil reserve in the Gulf of Bahrain. But recently it has started to transform to other industries in Bahrain, develop industrialization and innovation. So it started to encourage handicrafts, small businesses, and industries such as food, real estate, chemicals, and other projects that we will talk about.

Bahrain is famous for trade and industry. Since ancient times it has been a center of trade and a source of natural resources for the surrounding area. It is widely believed that Bahrain Island is the site of the ancient Kingdom of Dilmun, a commercial center that traded with the ancient summers. Various groups settled and colonized, including the Caliph Dynasty (Al Khalifa), an Arab dynasty that had ruled Bahrain since the late eighteenth century.

Today’s topic revolves around industries in Bahrain, so let’s talk more about the major industries in Bahrain.

Industries in Bahrain

Bahrain’s current industry program was established in 1975 and aims to diversify other industries in Bahrain away from the oil and petroleum industry. Bahrain expanded and created two industrial zones to attract foreign investors to invest in various fields. Bahrain succeeded in its industrial diversification plans as the contribution of manufacturing industries to the GDP increased to 17.34% in 2015.

So, let’s discuss some of the major industries in Bahrain that recovered recently.

Industries in Bahrain: Overview about the real estate Industry in Bahrain

The real estate market in Bahrain has witnessed many noticeable changes and development, as Bahrain began to expand its construction in new modern areas, these modern areas began to gain good popularity and increased the opportunity of properties for sale in Bahrain Bay.

Despite Bahrain’s vast expansion in new cities, when the search for apartments for rent in Bahrain is concerned, the search is more in common areas such as Juffair. Juffair also tops the first list in the search for properties for sale in Bahrain Bay. As for the search for villas for sale, Amwaj Island tops the list due to the large expansion of building high-end villas in it.

Industries in Bahrain: Overview about the food and beverage industry in Bahrain

During the Corona epidemic, or what is known as COVID 19, sectors deteriorated and other sectors flourished, among the sectors that flourished strongly in the whole world, especially in Bahrain, the food and beverage sector, especially during the quarantine. This strong consumption has led to the restoration of the state’s calculations and expectations in the year 2020, it is expected that revenues in the food and beverage sector will reach approximately 14 million US dollars.

Industries in Bahrain: Overview of the chemical industries in Bahrain

The chemical industry is one of the largest industries in the world, with global annual revenues for the year 2014 amounting to approximately $ 5.4 trillion, according to the reports of the American Chemical Council. In addition, the chemical industries are considered a basic income for more than 784,000 employees, where there are more than 10,000 companies. There are 2.7 million other jobs indirectly related to the chemical industry, and total revenues in 2012 were $ 769.4 billion.

The main objective of the chemical industry in Bahrain is to develop and manufacture chemicals for infrastructure manufacturers. Which increases the proportion of the worker in this area.

The chemical industry forms two distinct sectors:

Organic chemicals
Inorganic

These chemical materials refer to the types of raw materials used in the manufacture of chemicals. Chemicals are a derivative of organic chemicals that are derived from chemicals. These inorganic chemical products are located in sodium chloride, iron oxide, and hydrochloric acid. Both kinds of special materials and products are sold. Include used industrial products from household products used in household products.

Industries in Bahrain: Overview about the manufacturing industry in Bahrain

Bahrain relies on exports for its general income, especially the export of manufactured goods. The share of the manufacturing sector in Bahrain’s GDP is 16.8%, which is the highest among all the GCC countries. That is, statistics indicate an 80% increase in the percentage of earnings in the five-year return.

Industries in Bahrain: Overview about the oil industry in Bahrain

The Kingdom of Bahrain began to open and liberalize its economy after it was only limited to petroleum and oil, and because it has the least share of its neighbors, the Gulf states, it has only 124.6 million barrels of proven reserves.

Bahrain is taking a series of steps to expand its capacity to produce and refine oil and gas. Noga holding is also investing heavily in the oil industry. In March 2016, Noga holding announced it had signed a USD 570-million Murabaha (kind of Islamic financing structure) financing facility, which will serve to fund oil and gas projects such as Bahrain’s newbuild LNG terminal. Other projects include the expansion of Bahrain’s Sitra refinery from its current level of 267,000 BD to 360,000 BD. Sitra currently refines 250,000 BD from Saudi Arabia’s Abqaiq processing facility, which is fed by the Arabia-Bahrain (AB) pipeline. Saudi Aramco is currently replacing the old AB pipeline with a new one that will expand capacity from 230,000 BD to 350,000 BD and appears on a schedule to open in 2017.

Industrial Licence

Obtaining an industrial license in Bahrain is one of the easiest and clearest procedures. It is obtained from the Industrial Development Department at the Ministry of Industry, Commerce and Tourism. Here is a summary of the procedures required to obtain a manufacturing license in Bahrain:

First: The industrial license application form is submitted with a copy of the passport or identity card, then they are handed over to the licenses department in the Industrial Development Directorate (IDD). After that, the application is reviewed and an initial license is prepared.
Second: The presenter must specify the location of his project, whether it is in one of the industrial zones or in other suitable areas. IDD will write to the following authorities to obtain their approval.

Municipalities affairs and urban planning.
Ministry of Health.
Environmental protection affairs.
Relevant that required.

After obtaining the approval of the aforementioned authorities, the final license will be issued. Then obtain a commercial registration certificate from the Ministry of Industry, Commerce, and Tourism, which will allow you to conduct business.