According to the Global Startup Ecosystem Index 2024 rating by Startupblink platform, Bahrain continues to confirm its position as a prominent destination in the field of entrepreneurship, after ranked fourth in the Middle East and Africa, and the 67th rank globally. It also showed a remarkable presence in the Y Combinator Ranked, as it ranked 32 globally in terms of the number of startups accepted in the famous program.
A competitive pioneering environment
Bahrain has a unique mixture of cultural diversity and economic openness, which makes the English language common and gives the business environment a global character. These characteristics are one of the most important factors that attract entrepreneurs and investors from all over the world.
An integrated system to support innovation
Despite the importance of the oil and gas sector in the economy, the Kingdom has succeeded in developing an integrated system to support innovation and emerging projects, starting with incubators and parking, to flexible legislation and financial incentives. The role of empowerment and its programs, along with initiatives such as Startup Bahrain and Bahrain Fintech Bay, which creates an effective environment for the growth of startups.
Manama within the entrepreneurial cities
Manama still has a great appreciation at the level of cities that support entrepreneurship, as it is a pivotal point in the Bahraini business environment, and hosts major events such as the World Business Pioneers Forum, which links local projects with its global counterparts.
Competitive incentives and legislation
Bahrain offers exceptional incentives and low operating costs, which enhances its competitiveness compared to the countries of the region. The efforts of the Economic Development Council are an essential pillar in attracting international companies and enhancing the innovation system.
Ideal destination for emerging projects
A global community, a flexible legal system, and government and private initiatives … all of these factors make Bahrain an ideal choice for everyone who seeks to launch or expand its project in a stimulating and safe work environment.
