STARTING A SMALL BUSINESS IN BAHRAIN?
Check out some of these great ideas
Starting a business in Bahrain is a welcome idea considering that there are lot of small business opportunities in the Kingdom. Bahrain ranks 62nd out of 190 countries considered suitable to start a new business. With non-stop expansions across various industry sectors such as manufacturing and consultancy, Bahrain provides entrepreneurs especially startups infinite business opportunities.
A mid-year report by research organization Startup Genome, one of the world’s most comprehensive, data-driven research on startup ecosystems, in cooperation with the Global Entrepreneurship Network (GEN), ranked Bahrain among the top 10 performing MENA ecosystems in Global Startup Ecosystem Report (GSER).
As one of the top 15 ecosystems in the MENA region, Bahrain has continuously inspired successes among startups and scaleups through easy to avail funding facilities, innovation support, and a business-friendly environment.
Bahrain-based startups have considerably grown into scale ups in the past year, and have set precedents for existing and new startups with plenty of opportunities for employment and economic growth.
The encouraging business environment has allowed startups to thrive in a wide range of industries—including construction, interior design, real estate brokerage, groceries, restaurants, boutiques, event management, cleaning, financial consultancy, plus hospital and health services.
Here are some of the small businesses startups generally venture into:
Construction
As the country shifted its focus on the non-oil sectors, the economy relied on other areas such as construction, which always guarantee profit and success.
Restaurants
Food is always the best option to consider for business in Bahrain, with various nationalities seeking different kinds of food in restaurants.
Interior Design
With the emergence of numerous real estate projects in the country, interior design services are equally in demand.
Event Planning
Bahrain is one of the region’s most preferred destinations for business exhibitions, conferences, forums, etc., where professional event planning and management are a major requirement.
Cleaning Services
In parallel with the growth of the real estate sector comes the demand for related businesses such as cleaning, management and maintenance services for properties such as hotels, restaurants, offices and homes.
Financial Consultancy
One of the most thriving sectors in the country is the banking and financial sector; and opening a bank or a financial consultancy company always guarantees good business.
Real Estate Brokerage
Alongside the success of real estate development is a rise in demand for real estate brokerage.
Grocery Store
Setting up a grocery in Bahrain is quite easy; one just needs to choose the right location, commercial property, wholesale partners and food commodities.
Hospital and Health
The medical industry is very much welcome in Bahrain just like in any other country around the world. To start the business, one can simply rent a clinical building or hire experienced doctors.
Boutique business
The fashion industry in Bahrain is a thriving business, and setting up a boutique with quality designs and materials is definitely a feasible venture.
Considering all these options available in addition to the ease of doing and starting a business, Bahrain is indeed one of the most recommended countries in the world to start a business.
