bahrain enhances investment ecosystem with four new laws
Last Updated : GMT 11:59:16
Egypt Today, egypt today
Egypt Today, egypt today
Last Updated : GMT 11:59:16
Egypt Today, egypt today

Bahrain enhances investment ecosystem with four new laws

Egypt Today, egypt today

Egypt Today, egypt today Bahrain enhances investment ecosystem with four new laws

Zayed R. Alzayani
Manama - BNA

Bahrain continues to enhance its investment ecosystem by implementing four new laws which have been officially issued by His Majesty King Hamad bin Isa Al Khalifa. The laws address a range of issues and will have a particularly strong impact on the Kingdom’s economy and its growing startup ecosystem.

The laws come as part of a wider development effort, designed to create new opportunities for investors looking to access the Bahraini market. Government initiatives implemented in recent years have helped spur strong growth in FDI. Bahrain EDB attracted a record BD305m ($810m) of investment during the first nine months of the year compared to BD276m ($733m) in 2017 as a whole.

The four laws set to be implemented in the coming months are:

Personal Data Protection Law – Bahrain will introduce a nationwide data protection law, supporting the development of the Kingdom’s digital economy. The law promotes the efficient and secure processing of big data for commercial use and provides guidelines for the effective transfer of data across borders.

Competition Law – facilitates innovation as well as increasing productivity and efficiency by introducing legislation to prevent the formation of monopolies or the practice of anti-competitive behavior. This will make it easier for new businesses to enter existing markets and compete with significant players.

Bankruptcy Law –  enables experimentation and innovation by businesses and improves the outcomes of the bankruptcy process for all parties. The law introduces reorganisation, whereby a company’s management is allowed to remain in place and continue business operations during the administration of a case, as in the United States’ Chapter 11 law. The Bankruptcy law also includes provisions for Cross-Border Insolvency, and special provisions in relation to the insolvency of small and medium-sized enterprises, which provides a higher threshold of protection to those enterprises.  

Health Insurance Law – promotes an integrated health system for Bahrain, based on a sustainable financing system that supports and attracts investment in both the health care and insurance industries. The Supreme Council of Health has overall responsibility for the rollout of the system and will carry out the necessary activities to regulate the health insurance system. The Government will establish the Health Insurance Fund to assure improved pooling under a new national umbrella and coverage for beneficiaries related to benefits and service provision. 

Speaking about the new laws, the Minister of Industry, Commerce and Tourism, Zayed R. Alzayani, said: "These laws represent a positive and significant step forward to increase and encourage foreign direct investments, and inject further resources into all economic sectors of the Kingdom of Bahrain. The four laws are accompanied by a flexible regulatory framework which ensures their implementation meets the goals and objectives of Bahrain’s Vision 2030, maintains Bahrain’s status as a favorable destination for world-wide investors, and raises the Kingdom’s appeal to international financial and economic institutions."

Commenting on the new laws, Khalid Al Rumaihi, Chief Executive, Bahrain Economic Development Board, said: "We are very excited to see the impact of these new laws, which will help to enhance the environment in existing industries as well as open new opportunities to investors The future prosperity depends on growth driven by higher productivity and on embracing the new industries that will drive growth in the decades to come."

He added: "We have seen a very strong period of growth in FDI in Bahrain over the past few years, and the broader programme of regulatory development has been an essential enabler of that. However, we know that to maintain that growth, we need to continue to innovate. Bahrain has a long track record as a regional pioneer, and these new laws underline how important it is for us to maintain that culture of innovation."


Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

bahrain enhances investment ecosystem with four new laws bahrain enhances investment ecosystem with four new laws

Egypt Today, egypt today Modern colorful bedroom renovation

GMT 12:15 2017 Thursday ,21 December

Modern colorful bedroom renovation
Egypt Today, egypt today Paris Fashion Week: John Galliano goes co-ed on the catwalk
Egypt Today, egypt today For the Variety of Interior Design Styles

GMT 22:35 2017 Tuesday ,19 December

For the Variety of Interior Design Styles

GMT 10:21 2015 Friday ,03 July

Sliding wall maximizing space in micro-home

GMT 15:45 2017 Friday ,25 August


GMT 13:01 2013 Monday ,01 July

The perfect BB Cream for greasy skin

GMT 15:27 2018 Wednesday ,12 December

King Abdullah II discuss cooperation with EU countries

GMT 18:24 2013 Thursday ,14 March

Saldana\'s summer style

GMT 08:37 2012 Wednesday ,29 February

Writer Tharwat Okasha dies

GMT 13:34 2017 Wednesday ,15 February

Designer prepares to present

GMT 15:06 2017 Saturday ,25 March

Dialysis Supplies Dwindle for Syrians

GMT 12:12 2017 Monday ,27 November

ARIES (March21st-April20th)

GMT 13:46 2017 Wednesday ,15 February

Avoid Cluttering your Kitchen

GMT 07:42 2017 Monday ,10 April

Kuwait reiterates solidarity with Egypt

GMT 07:14 2015 Monday ,09 March

What are the dos and dont’s of modern resumes?

GMT 10:18 2017 Thursday ,01 June

Ali Hassan named as MENA chief editor

GMT 11:03 2017 Thursday ,07 September

University of Bentley has hosted Shaikh Abdullah

GMT 16:32 2017 Tuesday ,24 January

Feng Shui Tips for Your Bedroom

GMT 13:47 2018 Sunday ,28 October

UAE hosts S. Korean Cultural Festival

GMT 11:56 2018 Thursday ,11 October

Is bottled water harmful? Abu Dhabi clarifies

GMT 13:04 2018 Tuesday ,11 September

Bradley wins as Rose becomes golf's new world no 1

GMT 13:22 2014 Monday ,10 March

Lavera to launch Natural Suncare collection
 Egypt Today Facebook,egypt today facebook  Egypt Today Twitter,egypt today twitter Egypt Today Rss,egypt today rss  Egypt Today Youtube,egypt today youtube  Egypt Today Youtube,egypt today youtube

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

egypttoday egypttoday egypttoday egypttoday
egypttoday egypttoday egypttoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
egypttoday, Egypttoday, Egypttoday