A study by international firm Arthur D. Little (ADL) has identified three key bottlenecks in Bahrain’s journey to becoming an industrial and economic leader, writes Meera Ravi.
The bottlenecks are: gaps in innovation capacity created by non-availability of engineers and scientists with top-quality academic training and lack of superior school education; a bureaucratic process that slows down investors wanting to set up base in Bahrain so that it takes one or in some cases two years to get the necessary permissions and licences where the same process takes just eight days in a country like Singapore and the lack of access to risk capital that is hampering entrepreneurial ventures.
Dr Musadik Malik, director of the ongoing study that will be completed around March 2005 told Bahrain Tribune that the plus factors for Bahrain was the strong political will shown by the leadership to effect the structural changes needed to propel Bahrain forward and the involvement and commitment of all stake-holders in helping to strengthen the system and turn it around.
