The medium-term outlook for Bahrain consumer electronics device market is steady with positive gains envisaged outto 2023. The market is small but lucrative and benefits from strong disposable incomes, healthy economic diversificationinvestments, a robust infrastructure pipeline and tech-savvy demographic trends. We are of the view that these factors will help tocounter the limitations set by a mature core market where most device categories are saturated. While Bahrain is one of the betterpositioned Gulf Cooperation Council markets owing to high spending power, regional political tensions, oil price weakness and theintroduction of a Gulf Cooperation Council-wide VAT remain sources of downside risk.
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