
A new report released by KPMG concludes that Bahrain has one of the lowest costs of operating a financial services business in the GCC region, with the average cost of key aspects such as licensing and registration, commercial rental rates, manpower costs, and communication and utility expenses, being significantly lower.
The report compares the cost of operating a financial services business to other selected GCC countries, and concludes that the cost would be, on average, around forty per cent lower in the Kingdom.
The report, which can be found on the Economic Development Board’s (EDB) website, also includes an overview of the average cost of living, focusing on the cost of education and the cost of renting residential properties. Both cost of living measures were higher in other GCC states, making Bahrain the most affordable country to live in.
Kamal bin Ahmed, Minister of Transportation and Acting Chief Executive of the Economic Development Board (EDB), said: "The report’s findings reflect the Kingdom’s competitive advantage and the strong fundamentals of its investment environment. Bahrain continues to offer investors an opportunity to access the region through a business environment that has low operating costs, a highly skilled local workforce and a strong regulatory environment."
Nael Nasr, Head of Management Consulting for KPMG in Bahrain added "The Gulf economies are expanding at a rapid pace and with this local, regional, and international businesses are seeking to build and expand their presence in the GCC. It’s essential for these businesses to choose a location that offers the right platform for sustainable growth, and this report highlights that the Kingdom of Bahrain offers both a very competitive cost environment and an attractive local labor pool."
GMT 17:47 2018 Monday ,15 January
‘Negative’ outlook for Gulf sovereign ratings in 2018, says Moody’sGMT 19:27 2018 Sunday ,07 January
UAE pledges to distribute 70% of VAT proceeds to help fund community projectsGMT 19:21 2018 Sunday ,07 January
Surge in foreign fund inflows sets stage for Egyptian boomGMT 19:15 2018 Sunday ,07 January
Iraq to export Kirkuk oil to Iran before January-endGMT 11:35 2018 Wednesday ,03 January
Saudi Food and Drug Authority: No VAT on human medicines, vitamins, and registered medical equipmentGMT 10:00 2018 Wednesday ,03 January
Saudi Customs launches Approved Economic Operator programGMT 07:30 2018 Wednesday ,03 January
Morocco’s 2017 Economic Growth: GDP on the Rise, Investment in DeclineGMT 18:33 2018 Monday ,01 January
No New Year cheer for UAE property market
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©
Send your comments
Your comment as a visitor