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Hamad bin Isa Al Khalifa, King of Bahrain, has issued four investment laws related to a number of important sectors that should have a positive impact on the Kingdom's economy and the supporting emerging companies’ environment.
The laws come within a wider development effort, designed to create new opportunities for investors looking to access the $1.5 trillion GCC economy. The laws include a Competition promotion and protection Law, Bankruptcy Law related to reorganization, Personal Data Protection Law and Health Insurance Law.
The Competition Promotion and Protection Law aims at supporting innovation and paving the way for increased productivity and efficiency by preventing the formation of monopolies and anti-competitive practices. The reorganization and bankruptcy law contributes to enhancing Market confidence by encouraging restructuration, which positively affects economic stability and prevents the liquidation of companies facing financial difficulties.
With respect to the Personal Data Protection Law, the Kingdom will provide a data protection law at the national level, supporting developments in the digital economy. Whereas, the Health Insurance Law will be set up to establish an integrated health system for Bahrain that will be based on a sustainable financing system that supports and attracts investment in both healthcare and insurance sectors.

Source: (Al-Hayat Newspaper, Edited)