BMI View: Of all the Gulf states, Bahrain is considered the most challenging from a risk perspective, and2013 must see an improvement in the overall investment climate if the authorities are to stand a chance ofachieving their water expansion targets. Positively, there is movement on the creation of a long-term waterand power sector masterplan, which should determine the Kingdom''s priorities for these vital sectors - andshould at least provide a glimpse of what the future sector will look like. Despite residual concerns that thegovernment - anxious to keep its support base happy - is prepared to sacrifice vital projects, such as aplanned pumping station in a heavily ...
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