VOL. XLV

No 41

14-October-2002

BAHRAIN

Bahrain Plans $1Bn Financial Center To Attract Investment

Bahrain is planning to set up a $1bn financial center in order to attract investment and strengthen its already sound position in both the banking and financial fields, the Kingdom announced on 8 October. The center, which is to be called the Bahrain Financial Harbour (BFH), is similar to the Dubai International Financial Center (DIFC) illustrating that competition between the old rivals is still...