The auto grocery in Bahrain is set to show preserve growth in gross sales over the coming quintuplet years. This is driven largely by continued economic expansion. The Bahraini market is largely saturated, but as residents grow in wealth it is hoped that new cars will be purchased more often. The economic future of Bahrain appears to be more secure today than it appeared steady at the beginning of 2010. Standard and Poors judges function has reaffirmed its A/A-1 rating for the sovereign debt of Bahrain. This comes as the firm predicts that the price of oil in 2011 and 2012 will be around US$80 a barrel. This is very close to the nations break-even point, the price of oil which allows government disbursement to be balanced by oil and gas revenue. The ratings service has stated that it expects the nations deficit in 2011 to stand at 1.7% and in 2012 at 1.2%.
Sales of certain luxury brands have bad in Bahrain. BMW reports that total sales for the firm in Bahrain grew by 4% to 319 units in H110. Whilst the growth is a positive shorten for the firm, it is markedly lower than the 13% growth that it has experienced crossways the Middle Eastern market as a whole. The sales figures at Rolls-Royce, for example, were far better, with the firms 10M10 sales in Bahrain up a staggering 138% year-on-year.
The growth of luxury cars is an important sign for the Bahraini auto market. Luxury brands make up a large proportion of purchases than normal in Gulf states, including Bahrain. The growth in the higher levels indicates that confidence is returning, particularly at the very highest market space which is occupied by Rolls-Royce.
The government of Bahrain is seeking to summation its investment in infrastructure as part of its computer programme to diversify the nations economy. Part of this involves large investment into the nations road network. shortly the budget for 2010 is US$403.5mn. With this money the government intends to relieve over-crowding on the King Fahd Causeway, which links Bahrain...If you want to get a full essay, order it on our website: Orderessay
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