Company Insights Bahrain Development Bank Banking and Finance Bahrain Development Bank Overview Established by the Bahraini government to promote investments in the country, the Bahrain Development Bank offers financial services including business finance, Islamic financing and Tamkeen finance, for small and medium businesses. Bahrain Development Bank runs the Al Waha Fund of Funds and recent initiatives include the HP Spring Studios fintech venture studio in Manama that aims to invest in and nurture the next generation of financial entrepreneurs across the Middle East. It also funded the renovation of Sitra mall and launched the Imagine Cup Competition in collaboration with Microsoft to support entrepreneurs and creators to establish solutions to resolve some of the world’s toughest challenges. As well as supporting local businesses, Bahrain Development Bank also aims to promote international growth. In 2014, for example, it signed an agreement with the Small Industries Development Bank of India (SIDBI) for technical assistance in risk and credit management. In 2024 the bank signed a strategic agreement with Lumofy, an AI-powered talent management platform, to enhance employee upskilling and professional growth. Bahrain Development Bank News Construction First phase of Sitra Mall revamp ‘ready by September’ The first phase of the renovation of Sitra Mall in Bahrain is 50 percent complete and scheduled to be finished by September this year. The $12 million, three-stage redevelopment of the mall, a subsidiary of Bahrain Development Bank, is set for completion in 2024. The mall, located on Sitra island south of Manama, is managed […] April 10, 2023 Economy Bahrain lures investments with new ‘golden licence’ Bahrain has launched a ‘golden licence’, providing incentives to foreign and local companies with large-scale investment projects in the country. The move aims to propel investments and boost job creation as part of the country’s fiscal and economic reforms. Chrissi Zamora, CEO of Europe and Middle East at Dubai-based company set-up firm Healy Consultants Group, […] April 4, 2023 Banking and Finance UK investor sets up in Bahrain to tap into Gulf fintech boom Hambro Perks is partnering with Bahrain Development Bank's Al Waha fund to set up a fintech venture studio in Manama September 13, 2022 Posts navigation
Construction First phase of Sitra Mall revamp ‘ready by September’ The first phase of the renovation of Sitra Mall in Bahrain is 50 percent complete and scheduled to be finished by September this year. The $12 million, three-stage redevelopment of the mall, a subsidiary of Bahrain Development Bank, is set for completion in 2024. The mall, located on Sitra island south of Manama, is managed […] April 10, 2023
Economy Bahrain lures investments with new ‘golden licence’ Bahrain has launched a ‘golden licence’, providing incentives to foreign and local companies with large-scale investment projects in the country. The move aims to propel investments and boost job creation as part of the country’s fiscal and economic reforms. Chrissi Zamora, CEO of Europe and Middle East at Dubai-based company set-up firm Healy Consultants Group, […] April 4, 2023
Banking and Finance UK investor sets up in Bahrain to tap into Gulf fintech boom Hambro Perks is partnering with Bahrain Development Bank's Al Waha fund to set up a fintech venture studio in Manama September 13, 2022
