Manama – Financial Capital of the Middle East
Manama is the capital city of Bahrain, also being considered as the financial hub of the Middle East. The city has a rich history when it comes to seeing businesses grow, whether it was pearling or shipbuilding in the early 20th century to the revelation of oil and its export in the later part of the century; it has been in news. In the present era, the city witnesses a rapid growth of heavy industries (eg: aluminium smelting, ship repair), banking/finance, tourism industry amongst others. The Central Business District (CBD) has over 200 financial institutions and banks while a large retail sector including shopping malls are well established in the commercial district – Seef within Manama.
Bahrain for living & investment
The country has a high Human Development Index (HDI) ranked at 48th in the world. Bahrain is recognised as a high-income economy by the World Bank. People from across the world can buy land in Bahrain and enjoy the benefits as follows:
– Be able to repatriate or transfer profits and capitals.
– Import and export of local and foreign currencies is permitted.
– No taxes to be paid on income, capital, sales, real estate.
– Foreigners can practice most of the business activities at a rate of 100%.
You can find spacious, luxurious and modern looking apartments for sale in Bahrain . Apartments come with a lot of amenities that make living there nothing less than a dream. If you are a nature lover, then you can find beach-access apartments too. Depending upon your requirement, budget and other conditions you can connect with the property agents to present you favourable deals.
Invest in Manama in appealing locations such as Juffair, Seef, Amwaj Island, Reef Island, Marassi Shores amongst others. You can explore apartments for sale in Bahrain at www.riverwestproperty.com