Are you interested in starting a business in Bahrain? If Yes, here are the top 10 best small business ideas & investment opportunities in Bahrain.
Bahrain which is officially called the Kingdom of Bahrain is a small island country that is located in the Middle East. Bahrain shares borders with Saudi Arabia, Iran, Qatar and the Persian Gulf. The capital city of Bahrain is called Manama and Arabic is its official language. The official currency of Bahrain is known as Bahraini dinar (BHD).
Bahrain has the fastest growing economy in the Arab world. Bahrain is considered as a high income economy and it has a high Human Development Index and it is ranked 48th in the world. Its economy is driven by the banking, tourism and oil and gas sector. Bahrain is rated as the freest economy in the whole of the Middle East and the 12th freest in the world based on the 2011 statistics published by Foundation Wall Street Journal.
After petroleum products, aluminum production is the second largest contributors to the economy of Bahrain. Other sectors that contribute to growth of the economy of Bahrain are the financial industry and the construction industry (especially construction materials).
If you live in Bahrain or you are looking to start a business in Bahrain, then you should consider any of these 10 business opportunities available there;
Top 10 Small Business Investment Opportunities in Bahrain
1. Financial Consultancy Service
The financial industry especially the banking sector is one of the most thriving and profitable industries in Bahrain. If you have relevant experience and training in finance, then you can consider starting your own financial consultancy service. You can choose to start a tax consultancy service or if you have a large financial base you can consider starting your own bank.
The construction industry is indeed a growing and profitable industry in Bahrain. Any investor can come into the industry and make a fortune from this sector. Bahrain is known for the production and exportation of construction materials. So if you are interested in the construction industry in Bahrain, you should consider starting your own construction company or go into the manufacturing of construction materials.
Because of Bahrain’s very poor farming land, majority of the food consume in Bahrain are imported. As a matter of fact, Bahrain imports the bulk of their meat from Australia. So if you are looking for a business to do in Bahrain, then you should consider going into the importation of food.
The demand for imported food is very high in Bahrain and it is indeed a lucrative business to engage in. Just ensure that you carry your feasibility studies to confirm the food/goods that are in high demand so that you will include it in your imported commodity.
Groceries store is yet another thriving business in Bahrain. This type of business is easy to setup and it enjoys high patronage if it is well located. All you need to do to establish this type of business in Bahrain is to rent a store and then source for wholesale distributors of commodities that you can stock your store with.
If you are a trained doctor and you are looking towards becoming your own boss, you can consider setting up your own hospital. The truth is that Bahrain is open to doctors from all over the world especially from African countries like Nigeria et al. Although establishing a hospital is capital intensive, but the fact remains that it is a highly lucrative business to setup in Bahrain.
Another viable and lucrative business to start in Bahrain is a restaurant business. Because Bahrain is a core Islamic country, restaurants are not allowed to run bars where alcoholic drinks are sold. So, if you intend starting your own restaurant business in Bahrain, ensure that your plan isn’t also about running a bar alongside it.
7. Mobile Phone and Accessories Store
Mobile phone and accessories store is yet another very thriving business that an entrepreneur can start in Bahrain. The good thing about this type of business is that you can start it on a small scale or on a large scale. The bottom line is that if you choose a good location to setup this type of business, you will sure enjoy large patronage from both young and old people.
Water refill station is one business that is very lucrative in Bahrain. The fact that portable water is scarce in Bahrain makes this type of business enjoy high patronage. You can set up your water refill station in such a way that people can either come to get water from your station and also you can go and deliver water with your tanker to your clients when the place the demand.
9. Auto Repair Garage-: If you are a trained auto engineer, then you can consider starting your own auto repair garage. The truth is that if your auto garage is well positioned; you will attract loads of car and truck owners who would want to service or fix their cars or trucks.
If you are conversant with the fashion trend in Bahrain, you will realize that western fashion is gradually gaining ground in Bahrain. So if you are looking towards starting a business is Bahrain, then you can consider starting your own boutique business in a very good location. Just ensure that you stock your boutique with good quality jeans, shirts, caps, shoes, belts, et al.
There you have it; some of the business opportunities any entrepreneur can successfully start in Bahrain with little on no stress.