Bahrain ranked 3rd in Gulf-based on Global Opportunities Index

The UAE came first in the GCC, according to the Milken Institute

Bahrain ranked 3rd in Gulf-based on Global Opportunities Index

Bahrain has been ranked 42nd in the world and 3rd in the Gulf based on a Global Opportunities Index.

The index, produced by the Milken Institute, looked at categories such as economic fundamentals, institutional framework and international standards and policies.

It found that the Kingdom performed as well as high-income countries in business constraint, which includes the cost and effectiveness of starting a business, and the future environment of growth.

The UAE was ranked first in the GCC and 26th globally, ahead of Oman, which was ranked 53rd in the world, Kuwait in 58th position and finally Saudi Arabia, which was 66th overall.

The authors of the index noted that Bahrain and Oman are attempting to diversify quickly away from oil and gas, while other GCC countries such as the UAE and Kuwait, who have larger reserves, are not.

Want to find out more about Bahrain’s relationship with oil? An exhibition has just opened at the Bahrain National Museum that does just that.

Alternatively, why not read our brief guide to the history of Bahrain in our Moving to Bahrain section.

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