World Bank: Bahrain is the Second Most Improving Country in the GCC

  • Publish date: Wednesday، 24 May 2023
World Bank: Bahrain is the Second Most Improving Country in the GCC

Declared the "Most Improving Country in the GCC," Bahrain has risen 25 ranks since 2018 to a new ranking of 34th overall and second in the Arab World on the Logistics Performance Index 2023, which was released by the World Bank. 

The World Bank report provides an in-depth analysis of the performance of trade logistics, gathering data from May to October 2022 across 139 countries, using six components to assess the reliability of customs clearance, quality of commerce & transportation networks, ease of arranging reasonably priced international shipments, quality of logistics services, ability to track consignments, and timeliness.

The Kingdom advanced 58 positions on the 'Timeliness Subindex' to reach 2nd in MENA (10th globally) considering the least aviation import dwell time on average, moving up 25 positions since 2018 as a result of milestone projects and initiatives completed in the logistics sector over the past year.

“Bahrain’s high ranking and favorable performance were earned in view of its robust supply chain and advanced logistics infrastructure. Bahrain is a gateway to the Gulf, with unparalleled access to MENA and beyond, where companies can benefit from Free Trade Agreements covering 22 countries offering privileged, duty-free access to 30% of the world’s GDP,” said Ahmed Sultan, Executive Director of Business Development of Manufacturing, Transport, and Logistics at the Bahrain Economic Development Board.

The Kingdom's Economic Recovery Plan prioritizes the logistics industry with the goal of making Bahrain one of the top 20 worldwide destinations for logistics services and raising the sector's GDP contribution to 10% by 2030. 

Launched in November 2021, the four-year Logistics Services Sector Strategy (2022-26) is supported by strategic initiatives that are focused on strengthening regional and global engagement while reviewing laws and regulations, developing infrastructure facilities, improving policies and procedures, providing incentives for investors, and promoting investment opportunities.

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