Bahrain’s retail sector remains strong despite economic decline
05 Apr 2016
(MENAFN) Bahrain’s retail sector maintains resilient, with rents stable in all of Manama’s major markets in Q1, while the highest rents reached 4 percent increase in 2015.
However, if supply continues to edge ahead of demand, headline rents my drop, and will also be influenced by the general economic slowdown.
On the other hand, the country’s sector is still perceived to be a key retail and hospitality hub for other countries; like Saudi Arabia.
In addition, the government is concentrating on its plan to attract high end tourists, which is driving a change in the number of five star hotels.