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For the past 35 years, the GCC Countries have worked very hard to develop its economy, its culture and its society in a positive and constructive way. These developments brought a new world horizon to its topography. These ventures have enhanced the sophistication of its landmark to the world and especially to the United States of America.


The GCC Economic Departments are working with both the private and public sectors to bring about a change process that is uniquely linked to the task of making its region one of the most vibrant economies in the world. Our business ambitions are genuine so to bring economic health to the GCC market place.

The GCC history as a successful trading and business nation goes back more than 4,000 years, when many ancient societies lay at the heart of the world's trade routes. On June 2, 1932 Bahrain was the first nation in the Gulf to discover oil. In the 1980s the GCC started to recognize the need to diversify its economy. Today, we are home to thriving businesses in financial services, in the downstream sector, in business support services, in tourism and in many other areas.

The GCC fast-growing economy attracts foreign investment due to the following reasons:

bulletState of art in latest Information Technologies
bulletSophisticated banking and financial services
bullet100 per cent foreign ownership for most categories of business
bulletHighly favorable tax environment, with no corporate, personal, value-added or withholding tax
bulletSustained low rate of inflation of under 2 per cent a year
bulletNo restriction on repatriation of capital, profits or dividends
bulletCost-efficient, trained and bilingual human capital
bulletFull customs duty exemption on capital goods and goods destined for re-export, raw materials for manufacturing, semi-finished commodities imported for further processing, imports required for development projects, and initial import of capital goods by a manufacturing company
bulletModern high standard of living with a cosmopolitan family atmosphere
bulletWorld class international airports and regional air traffic hubs
bulletCauseway connection to Bahrain-Saudi Arabia, the largest single market in the region, with new causeway connection to Bahrain-Qatar planned
bulletMature legal and administrative infrastructure
bullet‘One-stop’ facility for all information
bulletAnd many more fields of comfort for any business                              

The leaders of the GCC, its entrepreneurs and its people have most definitely put the GCC on top of the pedestal in the economical world. And due to the fine leadership of the late rulers, and under the current robust leadership, the GCC attained great successes at all developmental and social levels. A matter, which makes of it one of the best trade centers in the Middle East and the western part of the Indian Ocean.

 

As a native of the Kingdom of Bahrain, I can assure you that you would be so impressed with the GCC’s hospitality, meekness and courteousness - recognition to our beloved tradition where we are famous for our kindness and generosity.

 

We welcome you to be part of this fascinating adventure while doing business in the GCC Countries.

 

Rashed Mohammed Taher
Taher & Associates, LLC

 

 

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Last modified: 07/13/08