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Enterprise Agility Awards 2019 has named StartUp Bahrain the “Digital Startup Hub of the Year” across the Middle East.
The award was won for StartUp Bahrain – a community led initiative powered by the Bahrain Economic Development Board (EDB). It recognises Bahrain’s highly-connected pro-business hub enabling startups to test, innovate and scale quickly.
The initiative supports startups at every stage, focusing on community, incubators, funding, education, corporates, policy and regulation.
Pakiza Abdulrahman, manager of Business Development for Startups at the EDB said: “StartUp Bahrain plays an indispensable role in growing our ecosystem, providing innovative startups with the crucial support they need to flourish. The initiative has proven to be a significant factor in making Bahrain attractive to firms seeking to scale across the US$1.5 trillion Gulf market. This award is well deserved by all the people who have worked so hard to make StartUp Bahrain the undeniable success it is today.”
Bahrain offers the ideal launch pad for startups looking to enter the region, offering up to 30-40 per cent lower operating costs compared to neighbouring countries, according to KPMG’s Cost of Doing Business report.
In addition to a highly skilled local workforce, prime geographical location and modern soft infrastructure, Bahrain provides a dynamic regulatory environment for global investors and entrepreneurs, including reforms such as bankruptcy law, data protection laws, and 100 per cent foreign ownership.
The kingdom is also one of the first countries in the world to roll out nationwide commercial 5 Gand being the first in MENA to launch AWS Cloud Region.
