Report Highlights Bahrain’s Progress Toward Becoming a Tech and Innovation Hub

Report Highlights Bahrain’s Progress Toward Becoming a Tech and Innovation Hub

Through careful planning and bold regulatory reforms, the Kingdom of Bahrain is poised to become a major hub for finance, technology, and innovation, according to a new report released by the Milken Institute.. Bahrain needs to continue its efforts to overcome challenges and achieve the objectives laid out in the Kingdom's Vision 2030 strategic plan launched in 2008.. The report, Bahrain and the Fourth Industrial Revolution , is authored by Claude Lopez, Ph.D., Milken Institute director of research, together with research analysts Joseph Bendix and Cesar Servin.. The Milken Institute report points to recent policy changes that increase transparency, protect investors, align with international standards, and modernize access to Bahrain's capital markets, which have yielded measurable results.. , Bahrain has enhanced support structures for small and medium-sized enterprises (SMEs) and startups that connect government agencies, investors, and other stakeholders to help businesses grow.. Today, three Bahraini firms are listed among the top-100 startups by Forbes Middle East, and the Kingdom boasts the largest share of female founders in the Middle East and North Africa in the 2019 Global Startup Ecosystem Report.. Bahrain's strong emphasis on startups and technology comes with challenges that need to be addressed to ensure the