Why The Tiny Country Of Bahrain Is Becoming Popular With Expats
Contributed by Sussex SEO, 03 May, 2019
You may have never even heard of it, but the tiny country of Bahrain is proving to be extremely popular with expats. Even though it's 200 times smaller than Florida with a population of just 1.5 million people, the country has seen major growth in the past few years. In fact, overseas workers make up more than 50% of Bahrain's total population! So, they must be doing something right. But what exactly is it about Bahrain that's attracting attention from across the world?
Low Cost of Living
Whenever someone moves to another country or area, the first question is usually regarding the standard of living. If the cost of living is lower and the quality of life is higher, it's almost always a no-brainer. We want to feel like we're getting more out of life, for less. Salaries may not be as high here as some places like Dubai, but because the cost of living is so much lower, residents find their money goes a lot further. Commercial property management
companies are finding themselves building more modern properties to meet demand, which can only be a good indication of how in-demand this country is.
Opportunity for Career Growth
The country may have previously been criticised in terms of worker's rights and conditions. However, they've implemented new laws and legislations to combat this and they've recently been ranked as the second best place int eh world for expatriate careers (behind Germany). The oil sector is a huge source of employment for Bahrain, with many people choosing to live here and commute across the border to Saudi Araba's oil-rich Eastern Province
Outside of the oil sector, Bahrain is enticing investment. Indian entrepreneur Amjad Puliyali chose Bahrain over UAE in 2016 to launch this grocery start-up. His reasons for his decision are largely the government incentives and amazing work-life balance.
Innovation at the Helm
As part of a wider push to diversify the economy away from oil, the Bahrain Economic Development Board has been advertising the country as the 'silicone valley' of the Middle East. The government has been offering generous incentives and a supportive environment for fin-tech and e-commerce start-up businesses. Their diversification is likely to attract even more attention from budding entrepreneurs and start-ups. Another pull to Bahrain is the tax-free wages
and add-ons for housing, travel and education. Currently, the Bahraini Dinar is pegged to the US Dollar, which is strong so wages feel higher.
Close Ties to United Arab Emirates
There's a mix of nationalities thanks to the incentive for skilled professionals to work in Bahrain. Because of its close proximity to the UAE, it's ideal for large corporations who don't want the high prices of the country but still want the benefits of doing business there. It's close enough for meetings with clients and to still maintain a good relationship with other businesses without needing to be based there. It's also seen as more stable as Dubai, as the economy and lifestyle is more stable, making it an ideal place to live and work.