The Oxford Business Group that I mentioned before has released another very interesting analysis about Bahrain. This time they try to gather some information about our economy by studying automobile sales here... interesting approach. Here is an excerpt:
The automobile market reflects Bahrain's development in other ways too. The kingdom's increasingly sophisticated consumer base is likely to benefit most from the new approaches the dealers are taking in response to these economic and social changes. The intense competition has, however, eaten away at the margins - meaning that the family companies that distribute the brands now have to find other opportunities for profit beyond automobiles. Yet for all that, sales growth remains high and, with no let up in liquidity on the horizon, looks set to speed on still further.
Read the full report here.