Bahrain Property Report - Market in Minutes Q4 2022 

MARKET HIGHLIGHTS

• Bahrain’s Economic Development Board (EDB) succeeded in attracting direct investments worth USD 1.1 bn

(BHD 414.6 million ) from 88 companies across financial services, ICT, logistics, manufacturing and tourism sectors.

• GDP grew by 5.9% in 2022, prompting rating agencies to change the country’s outlook to positive,

helped by higher oil prices.

• Non-oil revenues were 28% higher year-on-year (YoY), reaching USD 2.83 bn (BHD 1.065 bn) in 2022.

• To drive future growth, Bahrain has announced a four-year strategy for the tourism sector that aims to attract 14.1 million tourists by 2026.

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