Bahrain Retail Report Q4 2015 - New Market Study Published

From: Fast Market Research, Inc.
Published: Fri Sep 11 2015


The Bahrain retail industry is one of the most prosperous in the world, boosted by an affluent and urban population which is expected to grow in size thanks to the increased number of expats, as well as an increase in the level of income on the back of economic growth. Shopping centres are common in the capital of Manama and the population is familiar with modern retail formats and informed on international brands. M ore shopping complexes supporting infrastructure are expected to be built in the future to support the growing demand . The food and drinks sector is less ma ture and has much room to grow, and retailers have a chance to establish themselves in this growing sector .

Full Report Details at
- http://www.fastmr.com/prod/1038216_bahrain_retail_report_q4_2015.aspx?afid=302

Bahrain's economy is expected to increase at a strong rate and reach USD46bn by 2019, an increase of USD10bn from its level in 2015. Though the increase is impressive it is not, in absolute terms, in the same league with some of its more illustrious Middle Eastern neighbours, such as the UAE or Qatar. That is because of Bahrain's size which is relatively small. Furthermore, the population is only 1mn, limiting the market size for retailers. Like all the Gulf States, Bahrain was affected by the drop in oil prices that happened in 2014, as Bahrain - though not a large producer of oil - has a large industry that processes and refines oil which comes from the nearby producers. The decline in oil prices has stabilised and though the growth in the economy will not be as strong as over 2011-2014, it will still be healthy and consistent. The high economic growth means that the average Bahraini is reasonably wealthy with per capita income of USD10,542 in 2015, which is boosted by the fact that taxation is relatively low.

The Bahrain Retail Report has been researched at source and features BMI Research's independent assessment and forecasts for the retail sector. The report examines key drivers of retail sales growth and future prospects, including consumer spending and private sector investment.

BMI's Bahrain Retail Report also examines the level of development and potential for growth of the retail sector, the commercial initiatives of major players, changing consumer demographics that influence demand and the regulatory environment. Key sub-sectors include mass grocery retail, autos, over-the-counter pharmaceuticals, computers and consumer electronics.

Key Benefits

* Benchmark BMI's independent retail industry forecasts for Bahrain to test other views - a key input for successful budgeting and strategic business planning in the Bahraini retail market.
* Target business opportunities and risks in Bahrain through our reviews of latest industry trends, regulatory changes and major deals, projects and investments.

Coverage

BMI Industry View

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Company: Fast Market Research, Inc.
Contact Name: Bill Thompson
Contact Email: press@fastmr.com
Contact Phone: 1-413-485-7001

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