Market Trends of Bahrain Co-Working Office Space Industry
Increase in Foreign Investment to Boost the Economy
Foreign Direct Investment (FDI) to Bahrain registered a 5.8% increase to BD13.3 billion (USD 34.48 billion) in 2022, as per the provisional results of 2022 FDI statistics.
The statistics showed that the kingdom’s FDI inflows were dominated mostly by electricity, gas steam & air conditioning supply, manufacturing and financial & insurance activities sectors at BD226.8, BD187.1, and BD95.5 million respectively.
Last year the country registered 24 investments, down from a three-year average of 43 investments a decade earlier. However, when measured by capital expenditure, 2022 was Bahrain’s second-best year for FDI over the past decade. It mobilised USD 2.2 Billion worth of FDI, boosted by big clean-power projects from the likes of the UAE’s Yellow Door Energy.
Increase in Millennial Population
Millennials, or those between the ages of 20 and 40, are reshaping the world and demanding new methods of working. Bahrain's real estate business is focusing on altering working and work space demands in order to respond to future needs.
The use of co-working spaces, a shared setting where people doing a variety of vocations can work together and separately inside the same place, is a new way of working that has recently emerged. The spaces are frequently urban and trendy, and they are a far cry from some of the harsher 'cubicle farms' of previous years. They provide freedom, flexibility, and a diverse range of work settings.
Millennials are increasingly entering the workforce, and their presence necessitates a paradigm shift in the workplace. There are 14,000 coworking spaces in operation throughout the world, and by the end of this year, 1.7 million workers, largely millennials, will have taken advantage of the improved working circumstances offered by coworking spaces.
