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Source:
أخبار الخليج
Source: أخبار الخليج
15 Hrsأخبار الخليج
Source: أخبار الخليج
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Bahrain’s Shura Council has referred to the government a proposed law amending provisions on the protection and support of national industries. The proposal calls for drawing up a list of national products and requiring entities covered by the law to use it, as well as establishing a method for calculating local content and setting a minimum local-content share in technical bids. Supporters say giving local products preference in government procurement would increase demand for domestic production, support factories and small and medium-sized enterprises, and create jobs. The Minister of Shura Council and Representatives Council Affairs noted, however, that the proposal sets out an operating mechanism but does not provide specific protectionist incentives. The industrial sector comprises more than 900 establishments, has investments exceeding 3 billion Bahraini dinars, and accounts for about one-fifth of the economy.
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