Economic Growth Will Drive Autos Recovery

An economic recovery is under way in Bahrain, which is good news for the auto sector. We believe the economy will post growth of at least 1.5% this year. The country's central bank is even more bullish on growth, forecasting economic expansion of 4% in 2010, according to Bloomberg. While the rebounding economy is likely to drive growth of new vehicle sales, there is no getting around the limits of the size of the market. While Bahrain has one of the most open and stable economic systems in the Gulf, it is also the smallest country in the region with annual new car sales still falling short of 50,000 units.

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