• Skip to main content
  • Skip to secondary menu
  • Skip to primary sidebar
  • Skip to secondary sidebar
  • Skip to footer

Dossier.org

Market Intelligence

  • About
    • How to structure intent in Memorandum of Understanding (MOU)
  • Job Board
  • Market Dossier
    • Technology Dossier
    • Events
    • Venture Capital Dossier
  • Domain Dossier
  • Sponsored Post
    • Make a Contribution
  • Contact

Bahrain is Becoming a Major Technology and Innovation Hub

January 19, 2020 By admin Leave a Comment

Through careful planning and bold regulatory reforms, the Kingdom of Bahrain is poised to become a major hub for finance, technology, and innovation, according to a new report released today by the Milken Institute. However, Bahrain needs to continue its efforts to overcome challenges and achieve the objectives laid out in the Kingdom’s Vision 2030 strategic plan launched in 2008.

The report, Bahrain and the Fourth Industrial Revolution, is authored by Claude Lopez, Ph.D., Milken Institute director of research, together with research analysts Joseph Bendix and Cesar Servin.

“Bahrain has developed a business-friendly environment, regulatory framework, and support system that make the Kingdom an attractive destination for global companies, investors, and entrepreneurs,” said Lopez, citing a six-fold increase in foreign direct investment between 2016 and 2018. “With its skilled population, low cost of living, and continued investment in technology infrastructure, Bahrain is positioned to continue to achieve positive outcomes.”

The Milken Institute report points to recent policy changes that increase transparency, protect investors, align with international standards, and modernize access to Bahrain’s capital markets, which have yielded measurable results.

In addition, Bahrain has enhanced support structures for small and medium-sized enterprises (SMEs) and startups that connect government agencies, investors, and other stakeholders to help businesses grow. Today, three Bahraini firms are listed among the top-100 startups by Forbes Middle East, and the Kingdom boasts the largest share of female founders in the Middle East and North Africa in the 2019 Global Startup Ecosystem Report.

Bahrain’s strong emphasis on startups and technology comes with challenges that need to be addressed to ensure the resilience of the new economic model. Based on their analysis, the authors identify several challenges, including the need for startups to grow into larger firms that will create more jobs, access to highly trained labor to satisfy these additional jobs, and assistance for existing firms transitioning to the new digital economy.

The report offers several recommendations, including:

Assist micro-firms to grow and offer more jobs
Facilitate access to international talent
Ensure private-sector wages are competitive
Support small local firms with services that can help with the transition to digital

Bahrain and the Fourth Industrial Revolution was produced by the Milken Institute with support from the Bahrain Economic Development Board. The funders had no role in the research analysis or preparation of the manuscript.

Dr. Lopez is available for interviews on these and other topics related to international economics. She may be contacted directly at [email protected].

These issues will also be discussed at the upcoming Milken Institute Middle East and Africa Summit, set for February 11-12, 2020, in Abu Dhabi.

About the Milken Institute
The Milken Institute is a nonprofit, nonpartisan think tank that helps people build meaningful lives, in which they can experience health and well-being, pursue effective education and gainful employment, and access the resources required to create ever-expanding opportunities for themselves and their broader communities. For more information, visit www.milkeninstitute.org.

Filed Under: News Tagged With: Bahrain, Fourth Industrial Revolution, Milken Institute

Reader Interactions

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Primary Sidebar

VC

CloudNC raises $45m to deliver autonomous manufacturing
Apache Flink Startup Immerok Announces $17M in Seed Funding
Whatnot raises $260M Series D co-led by DST Global and CapitalG to expand its live, social commerce marketplace
Sublime Systems Secures $40 Million Series A to Electrify and Scale Decarbonized Cement Production
Second Front Systems Raises Oversubscribed $32 Million Series A to Scale its DevSecOps Platform
Conquest Planning, a technology platform that provides customized financial planning advice, has raised $24 million in Series A funding
Nx Raises $8.6M to Make JavaScript Monorepos Mainstream

Technologies

Potential Applications That Could Accelerate the Adoption of 6G Technology
Advent Technologies, a leader in fuel cell and hydrogen technology, has received a new order from the German State of Brandenburg
Blockchain Developer
Devices utilizing Wi-Fi HaLow technology are gaining momentum
Recession kills investments in moonshot R&D and startups
Cybersecurity Analyst
The Rise of Quantum Computing: Understanding the Basics and its Potential Impact

Secondary Sidebar

Analysis

Labour Productivity by Country
IFMA Publishes 2022 Foodservice Industry Forecasts, Projecting 4.9% Growth in Next Calendar Year
Palantir Technologies Expands Japan Business with New $22.5 Million Contract
T. ROWE PRICE 2022 MIDYEAR MARKET OUTLOOK: GLOBAL AND GEOPOLITICAL HEADWINDS LEAD FINANCIAL MARKETS TO INFLECTION POINT
Is the world economy in permacrisis?

Market Research

India will become the world’s most populous country in 2023
MetaversePolling.com (Metaverse Polling): What Do Consumers Think of the Metaverse?
Revenue from the metaverse is expected to reach $800 billion in 2024
Social Commerce represents a $585B global market
52% of retail activities could be automated

Footer

Recent Posts

  • Agile Coaching: The Key to Successful Agile Implementation
  • GameTech 2023, GameDev Conference, March 3, 2023
  • AI is Disrupting Software: Key Takeaways from Tech Summit 2023
  • indie Semiconductor has entered into a definitive agreement to purchase GEO Semiconductor
  • Why UK faces chronic labor shortages
  • Battery Ventures Announces Sale of Physical-Security Technology Firm Qognify to Hexagon AB
  • impak Ratings acquires Exerica, a London-based fintech data extraction firm
  • Kentucky’s Wilderness Trail bourbon distillery to be sold to Italian maker of Campari
  • Container xChange Survey: 60% of Freight Forwarders and NVOCCs Struggle to Monitor Movement of Shipping Containers
  • Cloud storage company Box can surge nearly 40% on the future of work

RSS Blockchaining

  • Global Venture Funding for Blockchain and Crypto Companies Hit Record $26.8B in 2022, But Declined in Later Quarters
  • Unlocking the Power of Engagement: Exploring the Connection between Gamification and Blockchaining
  • Building a Decentralized VPN Using Blockchain Technology
  • Exploring the Latest Innovations in Blockchain and Crypto: A Report from the European Blockchain Convention 2023
  • Cryptocurrency has become a global phenomenon with a market capitalization of almost $3 trillion at its peak in November 2021

RSS S3H

  • Scrum: A Framework for Agile Development
  • Implementing Agile in Large Organizations
  • Differences between Agile and Waterfall methodologies
  • Mastering Agile: A Hands-on Workshop on Agile Software Development
  • Understanding Agile Manifesto and Principles

RSS VPNW

  • Will the RESTRICT Act Impact VPN Usage?
  • Comparing different VPN protocols
  • Creating a VPN for IoT devices
  • Building a VPN using cloud services
  • Analyzing VPN security vulnerabilities

RSS OPINT

  • Agile Requirements Gathering and User Story Mapping
  • OPINT: Exploring the Intersection of Operational Intelligence and Gaming in the Defense Industry
  • Russia says will cut crude production by 5% next month
  • President Xi Jinping’s long-term economic ambitions are out of reach
  • The South China Sea (SCS) and East China Sea (ECS) are becoming a major area of competition between the US and China

Copyright © 2022 Dossier.org

Technologies, Market Analysis & Market Research and Exclusive Domains

We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. By clicking “Accept”, you consent to the use of ALL the cookies.
Do not sell my personal information.
Cookie SettingsAccept
Manage consent

Privacy Overview

This website uses cookies to improve your experience while you navigate through the website. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may affect your browsing experience.
Necessary
Always Enabled
Necessary cookies are absolutely essential for the website to function properly. These cookies ensure basic functionalities and security features of the website, anonymously.
CookieDurationDescription
cookielawinfo-checkbox-analytics11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Analytics".
cookielawinfo-checkbox-analytics11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Analytics".
cookielawinfo-checkbox-functional11 monthsThe cookie is set by GDPR cookie consent to record the user consent for the cookies in the category "Functional".
cookielawinfo-checkbox-functional11 monthsThe cookie is set by GDPR cookie consent to record the user consent for the cookies in the category "Functional".
cookielawinfo-checkbox-necessary11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookies is used to store the user consent for the cookies in the category "Necessary".
cookielawinfo-checkbox-necessary11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookies is used to store the user consent for the cookies in the category "Necessary".
cookielawinfo-checkbox-others11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Other.
cookielawinfo-checkbox-others11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Other.
cookielawinfo-checkbox-performance11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Performance".
cookielawinfo-checkbox-performance11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Performance".
viewed_cookie_policy11 monthsThe cookie is set by the GDPR Cookie Consent plugin and is used to store whether or not user has consented to the use of cookies. It does not store any personal data.
viewed_cookie_policy11 monthsThe cookie is set by the GDPR Cookie Consent plugin and is used to store whether or not user has consented to the use of cookies. It does not store any personal data.
Functional
Functional cookies help to perform certain functionalities like sharing the content of the website on social media platforms, collect feedbacks, and other third-party features.
Performance
Performance cookies are used to understand and analyze the key performance indexes of the website which helps in delivering a better user experience for the visitors.
Analytics
Analytical cookies are used to understand how visitors interact with the website. These cookies help provide information on metrics the number of visitors, bounce rate, traffic source, etc.
Advertisement
Advertisement cookies are used to provide visitors with relevant ads and marketing campaigns. These cookies track visitors across websites and collect information to provide customized ads.
Others
Other uncategorized cookies are those that are being analyzed and have not been classified into a category as yet.
SAVE & ACCEPT