Retail and tourism are stable in Bahrain: Cavendish Maxwell


August 1, 2019 | By RetailME Bureau

Bolstered by tourism, retail continues to be one of the Bahrain’s most stable sectors, recording consistent capacity growth over the past decade, stated Cavendish Maxwell, a property consultancy and chartered surveying firm in the Middle East. Construction of at least three malls is underway in Bahrain and is scheduled for completion over the next few years.

Tourism has largely been driven by the efforts on the part of Bahrain Tourism & Exhibitions Authority, which has developed a year-long calendar of retail and entertainment events to position Bahrain as an attractive retail and holiday destination.

Commenting on the report, Aditi Hariharan, senior consultant at Cavendish Maxwell, said, “With 80% of its revenues still attributed to oil, Bahrain perhaps suffered the most from the oil price decline of 2014. However, diversification efforts by the Bahraini government with a focus on infrastructure development, coupled with the aid package from neighbouring GCC countries are expected to further support diversified growth for the economy.”

Adding on retail’s contribution to the Bahraini economy, she stated, “The retail and tourism sectors continue to be the most stable, boosted by numerous entertainment, leisure and retail events available to visitors and residents.”

Previous Article Next Article

SHARE

YOU MAY ALSO LIKE /


Sunil Kumar and Debashish Mukherjee at MRF 2024

What does it take to sustain profitable growth in the post-IPO phase? 

Continue Reading

October 23, 2024 | By Anurima Das

Mahalle began its operations in 2022 as an “Authentic Turkish Grocery in 

Continue Reading

October 7, 2024 | By Anurima Das
Naresh Kumar Bhawnani, Founder & Chairman, West Zone Group

“Retail is a people’s business. When building a retail brand or the 

Continue Reading

October 3, 2024 | By RetailME Bureau
Sunil Kumar, CEO, Spinneys

From being one of the first retailers in Dubai to ban single-use 

Continue Reading

October 1, 2024 | By RetailME Bureau
Walid Shabana, Co-founder & CTO, Rabbit

For starters, Rabbit is a growing e-commerce grocery platform in Egypt always 

Continue Reading

September 30, 2024 | By RetailME Bureau
Arunachalam Palaniappan, CTO, Choithrams

In 2024 grocery retail major Choithrams has achieved several milestones underscoring its 

Continue Reading

September 12, 2024 | By RetailME Bureau
#Topshelftalks session at Food Business Forum 2024

Industry pioneers are embracing a comprehensive strategy that integrates consumer insights, digital 

Continue Reading

July 3, 2024 | By Anurima Das
#EdgeOfTomorrow session at Food Business Forum 2024

The regional grocery retail market is evolving fast keeping pace with constantly 

Continue Reading

July 3, 2024 | By Rupkatha B
#CartToCouch session at Food Business Forum 2024

If anything, the Middle East market is excited about quick commerce – 

Continue Reading

July 2, 2024 | By Rupkatha B
#EcoEchoes session at Food Business Forum 2024

From ethical and local sourcing to adopting cutting-edge technologies to curb food 

Continue Reading

July 2, 2024 | By Rupkatha B
#ByteSizedBreakthroughs session at Food Business Forum 2024

The regional grocery retail market is becoming more and more diverse, offering 

Continue Reading

July 2, 2024 | By Rupkatha B

Spinneys, the leading premium fresh food retailer, has announced the opening of 

Continue Reading

June 24, 2024 | By RetailME Bureau




Download Images RetailME Magazine