Located in the center of the Arabian Gulf, between Saudi Arabia and Qatar, Bahrain is an archipelago of 36 islands. A 23km causeway connects Bahrain to neighboring Saudi Arabia. The state’s new constitution (established February 14, 2002) dictates that Bahrain is a sovereign independent Arab Islamic state and sets out that Islamic Sharia’a law is a main source of legislation, while at the same time, general matters and private transactions are usually governed by modern laws.
Bahrain began its diversification away from oil and gas four decades ago, well ahead of its Gulf neighbors. As a result, initiatives were created to encourage the growth of industry sectors that offered investment potential to the island. This strategy has the backing of the government, which actively encourages foreign private sector investment, with a particular emphasis on sectors that are export-oriented and which do not threaten local enterprises.
Deloitte in Bahrain was established in 1955 and is part of a regional network of firms in the Middle East as well as a member of the global Deloitte Touche Tohmatsu firm. Through the years the variety of high quality of services delivered by Deloitte Bahrain has been instrumental in the setting up of a wide range of small, medium and large businesses (including some banks and insurance companies) on the island.
Today Bahrain has the distinction of being selected as the base for Deloitte Middle East's Islamic Finance Group and Islamic Finance Knowledge Center. Together they represent a dedicated team, complemented by the services of an Islamic scholar, to serve the growing needs of businesses.
We recognize that the special requirements of small businesses are very different from those of multinational corporations and we have the experience and the understanding to meet the needs of both. With the strength of our global organization behind us, we offer small and large companies the best of both worlds. Our personal attention and specialized knowledge are combined with the global resources and expertise of a major global organization.
Just as we’ve played a vital role in the growth of Bahrain to date, we’re also very much a part of its future. Deloitte has identified the Middle East as a priority market that represents superior growth opportunities. As such, our Middle East firms, operating in 15 countries and employing almost 2,500 professionals across the region and including Bahrain, have been targeted for major investment. This is accompanied by a focused strategy of expansion in key business areas and a continued emphasis on recruiting and retaining the most talented professionals from the region and other countries to serve Middle East companies.
To address the growing market needs, we have expanded our specialized professional services in the Middle East, leveraging our local and global talent in areas such as Financial Advisory Services, Enterprise Risk Services and International Tax Services.
We have also continued to play a pivotal role in serving the region’s high growth industry sectors such as tourism, hospitality and leisure, construction, telecoms and financial services, as well as major sectors such as oil and gas, the public sector and the Gulf region’s sovereign wealth funds. Our Middle East knowledge centers are a testament to our specialized capabilities in strategic services and industries.