How does Bahrain compare to other GCC countries, for instance, Dubai?
I can’t really comment on Dubai. Bahrain has always had a prudent approach to everything it has ever done. I’m sitting here with the benefit of hindsight and we can all say that Dubai built far too much far too quickly. History will show that the countries that have this type of mass explosion, the bubble will always burst- for example, Singapore, Hong Kong, Spain. There is always a severe price correction at some point and that is what happened in Dubai. Bahrain was never at that level as widespread development only started 2 or 3 years ago. It also has a different GCC based target market rather than global. What do you see in the future development of the property prices in Bahrain and supply and demand of residential offices and retail? In the retail sector there is a lot of retail space, and you may think there should be an oversupply situation, the fact of the matter is that Bahrain benefits greatly from the visitors from Saudi Arabia arriving via the Causeway. We have probably hi
