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Home :: Trade Leads By Country : Bahrain



BAHRAIN

Bahrain, Countries by TradeBahrain, Countries by Trade

Introduction

Bahrain is one of the wealthiest country in the Arab.It is because of the simple reason that it has really rich oil reserves that have proved to be a boon to the economy of this country that sees itself rising year after year with a very favourable growth prospects to support it .Bahrain is a group of 33 islands, with an area of 707 square kilometres, is situated in the Arabian Gulf, off the east coast of Saudi Arabia. The local time is GMT + 3 hours. The state obtains or rather takes its name from the largest island Bahrain, that is 586.5 square kilometres. It is linked by causeways to Muharraq (international airport) and Sitra (industrial area and tank-farm).These are the main connecting points that help it connect to the oustside world. There are numerous other tiny islands, but they are mainly uninhabited and are best known for the variety of migrating birds which pass through in spring and autumn.Here the language that is folloed is Arabic which is the official language, although English is widely understood and it's used by most businesses.Islam is the religion of Bahrain and is practised by a large, majority . Places of worship of other faiths exist on the island.


Business and Economy

The country of Bahrain has a mixed kind of economy that sees both public and private players in the market to compete in the global market.However the government control of many basic industries, including the important oil and refineries are there.Between the years 1981 and 1993, Bahrain Government expenditures increased by 64%. During that same time, government revenues continued to be largely dependent on the oil industry and increased by only 4%. Bahrain has received significant budgetary support and project grants from Saudi Arabia.Though they are still very prominent in the oil and refinery industry there has been a change in the scenario where other options are still persiting and thronging.Privatisation is a trend now here where there are other international and other domestic major players participate in the economic trend setting and are becoming prominent in their own spheres. The government has used its modest oil revenues to build an advanced infrastructure in transportation and telecommunications. Bahrain is a regional financial and business center.


Major Cities

If you visit the country of Bahrain and donot viist the important and quite prominent places of the country then you are definitely missing out on something.No Visit to Bahrain would be completed without a trip to the soukh , that is associated with its profusion of colors, sounds, and aromas. The shopping experience is also interesting and the gold rates are very cheap in comparison to the other countries where they are quite expensive and are on a very high side.All wares are sold, from cloth of colors and textures to gold and jewelry as well as the traditional array of spices and local produce.

Some of the important places that one can visit and enjoy are The Soukh,King Fahad Causeway, The Gold Soukh, Jasra House, The Cloth Soukh, Salman bin Ahmed ,Al fateh Fort ,Siyadi House ,Horse-Riding Al-Khamis Mosque, Horse Racing, Bahrain Fort ,Riffa Gulf Club ,Barbar Temple ,Diving ,Museum of Pearl, Diving, Dress ,Bait Al Qur'an ,Arabic Coffee & Hospitality, Arad Fort Oil Museum, Shaikh Isa's House ,Oil Well No.1 ,Tree of Life.


Fact Sheet

Location: Middle East, archipelago in the Persian Gulf, east of Saudi Arabia
Capital: Manama
Area: 665 sq. km; 3.5 times the size of Washington, D.C.
Population: 667,238 (July 2003 est.) note: includes 235,108 non-nationals
Ethnic Groups: Bahraini 63 percent, Asian 19 percent, other Arab 10 percent, Iranian eight percent
Religion: Shi'a Muslim 70 percent, Sunni Muslim 30 percent
Industries: Petroleum processing and refining, aluminum smelting, offshore banking, ship repairing, tourism
Climate: Arid; mild, pleasant winters; very hot, humid summers
Terrain: Mostly low desert plain rising gently to low central escarpment
Natural Resources: Oil, associated and nonassociated natural gas, fish, pearls
Natural HWorld rank (of 177): 40
Index (1.0 max): 0.843
Hazards: Periodic droughts; dust storms





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