Bahrain has an open economy. The Bahraini currency is the second-highest-valued currency unit in the world. Since the late 20th century, Bahrain has heavily invested in the banking and tourism sectors. The country's capital, Manama is home to many large financial structures. Bahrain's finance industry is very successful. In 2008, Bahrain was named the world's fastest growing financial center by the City of London's Global Financial Centers Index. Petroleum production is Bahrain's most exported product, accounting for 60% of export receipts, 70% of government revenues, and 11% of GDP. Aluminum production is the second most exported product, followed by finance and construction materials ... Read More
According to the 2011 Index of Economic Freedom, Bahrain has the freest economy in the Middle East and North Africa region and is the tenth freest economy in the world.Bahrain was recognized by the World Bank as a high income economy. With its strategic location in the North Arabian Gulf, a good infrastructure, and a highly educated and skilled workforce, Bahrain has a successful history of doing business. The government has devised several strategies to make investing in Bahrain attractive to foreigners. Not only does it offer a liberal environment and low operational costs, but it also ranks in the top 5 globally for quality of life.
You can’t get a job in Bahrain without a valid work visa, and you need a confirmed offer in order to get a work visa. It is almost impossible to escape this circle, although expats interested in working in Bahrain can visit the country on a tourist visa to explore opportunities and establish contacts.
Though foreigners are not part of the social security system, they still qualify for low-cost medical care.