What are the key advantages for international banks to establish themselves in Bahrain?
Managing Director of Bahrain Financial Harbour (BFH), Dr. Omer Al Mardi: I think Mr. Durand has mentioned one of them but there are so many other factors that would encourage people to come and invest in Bahrain. Apart from what people usually say about the geographical location and the proximity of the place to the Kingdom of Saudi Arabia which is the largest market in the GCC. Bahrain is a well regulated place, it has established laws that have been put in place more than a few decades back and people have foreseen for a long time that they cannot depend on the oil as the only source of income, they tried to diversify from early on and present themselves to the world as a service provider and an offshore centre where you are located between Europe and Asia so we can qualify as a connection between the two continents and perhaps with America also. Since the 70s Bahrain has developed company law, general business law and part of the Sharia law has been implemented, so it is kind of an
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