PreMoney MENADecember 6th 2015
Promoting a world-class environment for business
EDB is the first point of contact for investors, delivering a world class, seamless experience across the investor lifecycle
Business development• Guidance through the
decision-making process • Identification of potential
partners, distributors, agents and customers
Facilitation• Access to natural resources
(gas, land, etc.), commercial and industrial properties
• Commercial registration support
Aftercare services• Aftercare support• Expansion support
The Economic Development Board is a dynamic public agency with overall responsibility for attracting investment into Bahrain and supporting the growth and diversification of Bahrain’s economy
The regional opportunity
Source: Frost and Sullivan Analysis ¹The Economic Intelligence Unit (EIU) ²Gartner, 2014
The regional ICT opportunity
GCC ICT sector expected growth
10% per annum over the next 5 years
IT spending the Middle east region
$200 bnin 2015
MENA region Internet users (6hrs/day) 200 mn
GCC global smartphone penetration rate 120%
By 2020 the population of the GCC is expected to increase by one third
GDP$1.6tn
Population50.7mn
Imports$464bn
Exports$932bn
2013
2014
2013
2013
A young, growing, technologically adept and affluent population which is seeing rapid growth in demand for
mobile data, applications and services.
Addressing the Challenges
Training thatbuilds and retainshuman capital
Reducedregulation
Lower start-up costsand easier accessto funding
Bahrain offers the optimal environment for technology focused investment in the region
Huawei’s regional HQ
Microsoft
WIPRO
local and international IT service providers already
based in the Kingdom including:
The most liberalised telecom sector in the Gulf
Bahrain is well connected, with five sub-marine cables
Bahrain offers an ideal testing ground for new technologies, due to its demographic make-up, its ring-fenced market and tech-savvy population
30+
Highly skilled domestic workforce with Bahrainis comprising 70% of the ICT sector workforce
Bahrain’s Networked Readiness ranked amongst the top countries globally
Source: 1International Telecommunications Union, 2World Economic Forum
King Fahad Causeway
GCC Interconnection Grid
Flag FalconFiber Optic Gulf (FOG)
TATA
Gulf Bridge International Cable System
#1
15
5
91%of population have Internet access - well above the global average of 40%
ranked as the #1 country in the Arab world (and 27th globally) in ICT development1
ranked among the top 15 countries in the world for individual mobile and internet usage2
ranked among the top 5 countries in the world for government policy, development and services2
International Undersea Cables
Supporting the entrepreneurial ecosystem
Bahrain has a well established environment for supporting entrepreneurs
42 Countries follow Bahrain’s model
of Bahrainis are interested in starting their own business
70%
Education & Training
Access to Finance
Professional Support
Incubators & Accelerators
The Bahrain SME Model is endorsed by UNIDO as the Best SME model in the World.
Bahrain organisations create a platform for entrepreneurial support
Achieving success for generations to come
A culture of innovation and entrepreneurship
A developing, supportive ICT ecosystem
Mentorship and support for start-up businesses
Working with international and local partnersto foster and grow the sector
9
Thank you
9
Thank you
8
Top Related