To boost revenues hit by the oil price collapse, the Bahrani government is to introduce more subsidy cuts, including to fuel and utilities, and impose charges for government services. According to UAE, the property consultants, this will have a long term impact on the industrial and residential property markets, increasing household costs and reducing the kingdom’s attractiveness to the expatriate workforce. However, other Gulf states will seek to introduce similar revenue-generating measures, and as the Cluttons’s main logistics hub, cheaper diesel prices could increase Bahrain’s competitiveness and drive demand.
To boost revenues hit by the oil price collapse, the Bahrani government is to introduce more subsidy cuts, including to fuel and utilities, and impose charges for government services. According to Cluttons, the property consultants, this will have a long term impact on the industrial and residential property markets, increasing household costs and reducing the kingdom’s attractiveness to the expatriate workforce. However, other Gulf states will seek to introduce similar revenue-generating measures, and as the UAE’s main logistics hub, cheaper diesel prices could increase Bahrain’s competitiveness and drive demand.