Bahrain is one of the most important economic partners and bases for UK companies in the Gulf and the two nations have always had a very strong bilateral commercial relationship.
It can be notoriously difficult to do business in certain areas of the Middle East but Bahrain is relatively relaxed, having the freest economy in the area and the most liberalised in the Gulf Cooperation Council (GCC). Bahrain is one of the UK’s largest export markets in the GCC and the UK exported £295.5 million in goods to Bahrain in 2014, up 9% on 2013. The total value of bilateral trade in 2014 was also up from 2013, it rose by 2% to £451.4 million.
Around 100 UK companies have set up base in Bahrain as the country is a major trading hub and financial centre in the region, with one of the most open economies and a liberal tax regime.