under the patronage of in bahrai… · rubber utilities electricity 540,000 kwh per year water...

Under the Patronage of

His Royal Highness Prince Khalifa Bin Salman Al Khalifa

Prime Minister of the Kingdom of Bahrain

Investment Opportunities KINGDOM OF BAHRAIN

His Royal Highness

Prince Salman Bin Hamad Al Khalifa

The Crown Prince, Deputy Supreme

Commander & First Deputy Prime Minister

His Majesty

King Hamad Bin Isa Al Khalifa

King of Bahrain

His Royal Highness

Prince Khalifa Bin Salman Al Khalifa

Prime Minister

CONTENT

Foreword ……………....................................................................………………………………….....….. 8

Industrial Investment Opportunities :

Railway Elastic Fastening ..........................................................................…...… 13

Spring Structures .........................................................................................…...… 17

Flat Wagon Assembly ...............................................................................…...… 21

Vibration Mitigation System .....................................................................…...… 25

Railways Cables ...........................................................................................…...… 29

Precast Concrete Structures ...................................................................…...… 33

eCommerce Investment Opportunities :

Online Private Tutoring ..........................................................................….......… 38

Online Fee Payment application .......................................................…........… 40

Online Diet and Fitness Advisory ...........................................................…...… 42

Online Doctor-Patient Booking System .............................................…......… 44

Online Insurance Brokerage Portal ...................................................….....….. 46

Gaming .......................................................................................................…........… 48

Online Recruitment and Internship Desk .............................................…...… 50

Online Homecare Facility Management .........................................…........… 52

Booking / Queuing Portal ...............................................................................… 54

8

Distinguished attendees, I take this opportunity to welcome

you to “Invest in Bahrain 2016”.

Since meeting last year, the Government of Bahrain has been

engaged in a massive regulatory reform initiative aimed

towards empowering the private sector to be the major driving

force in our economy. The recent fluctuations in oil prices has

made economic diversification a must and the Government of

Bahrain has never been more determined to further expand its

economic diversification program, started in the 1960s. While

we welcome all investment opportunities, five sectors have

been identified as the focal drivers for our economy. These

sectors are, Financial Services, Manufacturing, Tourism, ICT

and logistics.

Over the last few years, the manufacturing sector output has

increased substantially. Today, this sector continues to grow

and constitutes the third largest segment of Bahrain’s economy

after hydrocarbons and financial services. The Government of

H.E. Zayed R. Alzayani

Minister of Industry,

Commerce and Tourism

9

Bahrain has provided state of the art infrastructure in industrial areas and has established

special investment and logistics clusters such as Bahrain International Investment Park,

Bahrain Investment Wharf and Bahrain Logistics Zone with easy access to air and seaports as

well as the greater GCC hinterland.

Bahrain has a well-developed aluminum industry with downstream aluminum manufacturing

occupying a significant share of the secondary sector in the economy. We are presenting

several new, high value added, investment opportunities in downstream aluminum value chain

in the 2016 edition of ‘Invest in Bahrain’ Forum along with opportunities to manufacture and

supply several fast moving parts & components for the GCC Railway network. E-Commerce

is another promising growth area with huge market potential in the MENA region; several

attractive business propositions in this sector are also being presented at the Forum.

I hope the business community in Bahrain as well as foreign investors will find the information

useful and relevant, and wish you all a successful forum.

Industrial InvestmentOpportunities

Railway Elastic Fastening

13

Product Railway Elastic Fastening

Specifications

The fastening system kit consists of spring arms of the W-shaped tension clamp which

permanently clamps the rail to the sleeper by means of the dowel and the screw.

Forces are transferred to the sleeper and the ground via the angled guide plates. No

lateral tilting and deformation occurs in rail screw.

Operation A new “Stand Alone” Operation

Applications

The parts are used to connect rails and sleepers together to form the track. The

purpose of providing fittings and fastenings in railway tracks is to hold the rails in their

proper position in order to ensure the smooth running of trains and to maintain the

alignment, level and gauge of the track. The proposed machining line can produce

other high quality fasteners which are also needed in critical applications such as oil

and gas and aviation.

Production Output / Year 300,000 unit /year8.45 Million

BDper year

Marketing

Shifts / DaySingle shift per

day

Operating Days /

Year

300 days per

year

Geographic Area Bahrain , Other GCC, MENA

Sales Outlets

Railway elastic fastening kits are used in rail and metro

government projects. Other specialty fasteners can be sold to

other clients for critical applications in the private sectors.

Technology

TypeHigh technology for automated metal fabrication and injection

molding machines

Description

[Process]

The manufacturing operation is a combination of continuous and

batch processes. Each of the operations in the batch processes.

Process: Cold Heading / Hot Heading → Cleaning and

Degreasing → Heat Treatment → CNC Machining (Threading) →

Thread Grinding → Surface Coating → Testing and Inspection →

Packaging and Shipping

In the case of guide and elastic plate, plastic injection molding

machines will be used with the appropriate die for each part.

14

Raw Materials SourcesAll input materials are available in Bahrain and GCC. Some alloys

may need to be imported.

Utilities Electricity4.1 million kWh /

yearWater 8,300 M3/year

Manpower

Total 38

Production 25 Administration/Sales 13

Investments

Cost Item US $ (Million) BD (Million) % of Total Value

Total [W/O Land] 14.18 5.35 100%

Total Equipment 6.78 2.56 47.8%

Civil / Building 2.09 0.79 14.7%

Misc. Fixed Assets 0.61 0.23 4.3%

Pre-production

Costs11.09 0.41 7.7%

Working Capital 3.6 1.36 25.4%

Implementation Period 12 months

Profitability

Viability Indicators ROI: 17-21 % IRR: 16-20% ROE: 18-22%

NPV US$ 7.5 BD: 2.83 Million

Net Profit US$: 3.82 BD: 2.83 Million

Debt : Equity 60:40

Why for

Bahrain?

The product has extensive applications in rail network. The product requires basic

manufacturing skills in metal fabrication and injection molding which are available in

Bahrain. The raw materials available in Bahrain and GCC. The manufacturing processes

are automated fabrication and molding processes. The Technology is available from

different sources. The product is expected to be exported mainly to other GCC

countries and possibly other countries in MENA region

NOTES:

Exchange Rate: 1 US $ = 0.376 BD

All values are estimated based on industry standards for similar projects.

Spring Structures

17

Product Spring Structures

Specifications

Steel springs are used for the majority of all railway vehicle types. There are several

designs applied, such as: leaf type springs, the parabolic leaf type spring, cylindrical

helical springs, flexi coil cylindrical helical spring arrangement. Springs are used in the

railway systems for tamping, stressing, shock absorbance, lifting and loading, torsion

provision.


Applications

Leaf type springs are acting on top of the axle box to have damping effect. Helical spring

arrangement is used to create the flexi-coil effect to combine the spring function and

the guidance of the bogie frame. These springs design is widely used for locomotives.

Production Output / Year 3000 Ton/year1.31 Million BD

per year

Marketing


day

Operating Days /

Year

300 days per

year


Sales OutletsLeaf and Helical Springs will be manufactured using a modern

well established technology

Technology

TypeLeaf and Helical Springs will be manufactured using a modern

well established technology

Description

[Process]

Process: Leaf Spring: Shearing + Drilling → Eye Formation for

Top Springs →Heating the Spring Leaves → Camber Formation

+ Hardening → Hardness Testing → Tempering → Shot Peening →

Spring Assembly → Testing & Inspection → Painting & Dispatch

Process: Helical Spring: Coiling → Hardening (Heat Treating) →

Grinding → Shot Peening → Setting → Coating → Packaging

18

Raw Materials SourcesSteel wire rod, nickel alloys, polyamide resins and synthetic

rubber

Utilities Electricity540,000 kWh per

yearWater 3,450 M3 /year

Manpower

Total 33


Investments


Total [W/O Land] 5.68 2.14 100%

Total Equipment 3.32 1.25 58%

Civil / Building 0.96 0.36 17%

Misc. Fixed Assets 0.05 0.02 1%

Pre-production

Costs10.66 0.25 12%

Working Capital 0.69 0.26 12%


Profitability

Viability Indicators ROI: 15 - 20 % IRR: 14 -17% ROE: 16 - 21 %

NPV US$: 1,910,371 BD: 720,000

Net Profit US$: 969,128 BD: 290,000

Debt : Equity 60:40

Why for

Bahrain?

The product has extensive applications in rail network. The project requires basic

manufacturing skills which are already available in Bahrain. The main raw materials

are available in Bahrain and GCC such as steel and other metals. The manufacturing

processes are conventional fabrication. Bahrain has an existing demand for springs

which is expected to grow with the introduction of railways. The product is expected to

be exported mainly to other GCC countries and MENA region.

NOTES:



Flat Wagon Assembly

21

Product Flat Wagon Assembly

Specifications

Rail wagons are unpowered railway vehicles that are used for the transportation of

cargo. A variety of wagon types are in use to handle different types of goods, but all

goods wagons in a network typically have standardized couplers and other fittings,

such as hoses for air brakes, allowing different wagon types to be assembled into

trains.


Applications

Flat wagon is a piece of railway rolling stock that consists of an open, flat deck. It

is mounted on a pair of trucks one at each end containing four or six wheels. Train

wagons are the preferred option for land shipping due to its economics. It also used to

transfers raw materials and it can also be connected directly to the ports

Production Output / Year 1,250 flat - Wagon /year17.27 Million BD

per year

Marketing


day

Operating Days /

Year

300 days per

year


Sales Outlets

Government shipping companies are expected to be the main

clients. The private sector companies are expected to enter this

market in a later stage.

Technology

TypeMainly SKD assembly in collaboration with partner/technology

provider.

Description

[Process]

The production route consists of sequence of assembly

stations in which several parts of the wagon assembled from

a semi-knocked-down (SKD) kit containing the wagon parts.

The manufacturing operation is a combination of assembly

processes, robotic welding and painting, testing and inspection.

Process: Identifying Parts in the SKD Kit → Painting Process →

Wagon Assembly Sequence Stations → Testing on Plant Testing

on Rail

22

Raw Materials SourcesSteel sheets available in GCC. Other components imported in

KSD form



Manpower

Total 83


Investments


Total [W/O Land] 26.20 9.88 100%




Pre-production

Costs12.6 0.98 9.6%



Profitability

Viability Indicators ROI: 24 - 28% IRR: 20 – 24% ROE: 24 – 28%


Net Profit US$: 9.3 BD: 3.51Million

Debt : Equity 60:40

Why for

Bahrain?

This product is essential for all train shipping. It is expected to be used all over

GCC for land shipping. Basic manufacturing skills are needed in metal fabrication,

welding, painting and assembly. SKD will be imported through a technology provider.

The manufacturing processes are conventional fabrication, assembly process and

inspection

NOTES:



v

Vibration Mitigation System

25

v

Product Vibration Mitigation System

Specifications

Vibration Mitigation System – Dampers are commonly used on railway lines to control

noise and minimize the vibration caused due to speed of moving train. This project will

reduce noise pollution and vibration specially in metros which operates in cosmopolitan

cities and passes through commercial and residential areas.

Operation Intermediate process for subsequent production line

ApplicationsVibration damper, rubber rail pad, train station flooring and train interior flooring.

Several parts are used all over the network with different configuration and designs.

Production Output / Year 7,200 Ton /year1.43 Million BD

per year

Marketing


day

Operating Days /

Year

300 days per

year


Sales Outlets

This product will be used in Rail and Metro project. It also has

wide range of applications in several industries to mitigate

vibration.

Technology

Type US Technology

Description

[Process]

Description [Process] Process: Feed production line with used

tires → Cutting and grinding the tire → Sorting → Separating

the fiber and nylon → Magnetic separation → Separate them

according to size → Rubber ready for further manufacturing

Raw Materials Sources Available from used trucks and cars tires

Utilities Electricity5.7 Million kWh

per yearWater 7,200 M3 /year

Manpower

Total 45


26

Investments


Total [W/O Land] 5.91 2.23 100%

Total Equipment 3.63 1.37 61%

Civil / Building 0.93 0.35 16%

Misc. Fixed Assets 0.45 0.17 8%

Pre-production

Costs10.11 0.04 2%

Working Capital 0.80 0.30 13%


Profitability

Viability Indicators ROI: 10 - 13% IRR: 16 - 20% ROE: 19 - 23%

NPV US$ 1,081,200 BD 408,000

Net Profit US$ 397,825 BD 150,000

Debt : Equity 60:40

Why for

Bahrain?

This product is used all over the railway network. It will serve in two ways, to provide

needed products to mitigate vibrations and also recycle used car and truck tires. Since

the project requires a small and medium sized project finance, therefore it would be

a great idea to involve Bahrain SME sector which is quite vibrant and proactive. The

proposed technology is proven and environmental friendly.

NOTES:



Railways Cables

29

Product Railways Cables

Specifications

Railway networks contain the broadest range of cabling products, covering a lot of

different functions including high voltage and medium voltage power feeder , high,

medium and low voltage distribution networks, as well as earthling / grounding

connections, signaling and control and communication cables.


Applications

Railway networks contain signaling and control cables, supervision & communication

cables with twisted pairs, coaxial or multicore. The cable can be copper or aluminum-

based. Multicore Signaling & Control Main Cables for Trackside. Multipair / Multiquad

Signaling & Control Cables for Trackside. Telecommunication Cables for Outdoor /

Indoor applications RAILFEEDER Railway Power & Control Cables RAILDATA Databus

Cables For Railway Applications

Production Output / Year 8,000 Tons/year4.00 Million BD

per year

Marketing


day

Operating Days /

Year

300 days per

year


Sales OutletsMainly railway and metro projects. Some cables can be used for

other non-rail applications.

Technology

TypeAutomated process for coil diameter reduction, wiring then

plastic insulation.

Description

[Process]

The manufacturing process starts with wire-drawing process

which consists of; reducing the diameter of the Copper wire

to its final diameter. Then the wiring process takes place in

which the wires are grouped together to make conductors in

processes such as twisting and stranding. The next process

in the insulation is insulating (PVC, EPR, XLPE) cover over the

wire to prevent current leakages. Then the proses of phasing

that is used for multi core cables in which grouping of different

insulated conductors to make a multicore cable. Finally, the

quality inspection before shipping.

Process: Wire Drawing → Wiring → Insulation → Phase Wiring →

Additional Coverings → Outer Wrapping → Quality Inspection →

Packaging and Shipping

30

Raw Materials Sources Copper is imported, Aluminum an PVC, EPR, XLPE from GCC



Manpower

Total 43


Investments


Total [W/O Land] 8.61 3.25 100%




Pre-production

Costs10.56 0.21 6.5%



Profitability

Viability Indicators ROI: 20 - 24% IRR: 18-22% ROE: 26-30%


Net Profit US$:2.31 BD: 0.87 Million

Debt : Equity 60:40

Why for

Bahrain?

This product is used extensively all over the railway network specially in metro lines.

Cables manufacturing is a well-known industry; however distinct specifications are

needed for rail cables. Some raw materials will have to be imported , others are

available in GCC

NOTES:



Precast Concrete Structures

33

Product Precast Concrete Structures

Specifications

Implementation of railways will involve substantial civil construction viz, platform,

bridges, buildings, steps, walls, crossings, tunnels, troughs, poles & mast, steps, etc.

The precast plant will make all these products


Applications

The precast concrete parts are used as replacement of conventional concrete casting

in site. Large portion of concrete structures can be manufactured in a factory away from

the actual construction sites. The structures thus prepared can be transported to the

site and conveniently erected. This will help in making better and uniform quality, saving

time and achieving better logistics of construction site. The complex operation in

construction site can be largely improved with adoption of precast concrete structures.

A variety of concrete shapes and sizes can be made in the precast plant which can help

in building railway network.

Production Output / Year 38,000 Tons/year1.54 Million BD

per year

Marketing

Shifts / Day 2 shift per dayOperating Days /

Year

300 days per

year

Geographic Area Bahrain , KSA

Sales Outlets

These precast products can be widely used for all construction

jobs particularly heavy construction which are made in tight

schedule but with consistent quality. It will be required in large

quantities for the rail projects and other construction projects.

Technology

Type Semi-automatic production plant

Description

[Process]

The manufacturing operation is a combination of semi-continuous

and batch processes.

Process: Raw material preparation → Mixing of raw materials →

Mold preparation → Concrete casting → Curing of concrete →

Testing and inspection → Storing → Shipping

Raw Materials SourcesAll input materials like Cement, Aggregates, Additives can be

obtained from Bahrain and GCC

34



Manpower

Total 60


Investments


Total [W/O Land] 13.30 5.02 100

Total Equipment 6.31 2.38 47.4

Civil / Building 5.15 1.94 38.4

Misc. Fixed Assets 0.58 0.22 4.4

Pre-production

Costs10.64 0.24 4.8

Working Capital 0.66 0.25 5.0


Profitability

Viability Indicators ROI: 11-15% IRR: 14-16% ROE: 24-28%

NPV US$: 2.87 Million BD:1.084 Million

Net Profit US$: 0.98 Million BD: 0.37 Million

Debt : Equity 60:40

Why for

Bahrain?

The product has extensive applications in rail network. The project require basic

manufacturing skills are in cement concrete mix production and concrete casting

which are available in Bahrain. The raw materials are available in Bahrain and GCC.

The manufacturing processes are conventional concrete mix production, molding and

casting processes. The Technology is available from different resources. The product

is expected to be used in Bahrain and exported partly to KSA.

NOTES:



eCommerce InvestmentOpportunities

38

Education

Potential Opportunity:

1. Online Private Tutoring

Overview:

Private tutoring has been growing in popularity in recent years, attributing a higher demand

at a high cost per hour. As students face difficulty preparing for their school/university

duties, many refer to private tutoring as the best way to possibly comprehend and answer

their questions. Private tutoring can either take place at the comfort of students’ homes

or as a means of coordinating with the tutor with a location, yet this may not be the most

feasible method since it is time consuming getting to and from the decided upon location

for an hour or two of tutoring session. Also, students may face difficulty finding their

potential tutors based on their specialization and expertise, since it is most commonly

referred to by word of mouth. The best way to mitigate these complexities is to establish

an Online Private Tutoring / Educational website, made available to students and tutors

from all around the world

Project Description

The development of an e-education application and website that will facilitate individuals

to search through an online criteria based database portal , connecting private tutors with

students through optional learning methods including; visual learning, virtual e-classrooms

and Home/ Tutor.

Market Potential:

The local / regional market may potentially attract 12,000,000 BD within the GCC market.

39

Market Segments:

The company should target and serve the entire GCC market, since Bahrain’s education

market size is not too significant. The company needs to mainly target cost-conscious

students.

Product/

Specification

Online Private Tutoring: A dynamic online criteria based database portal with

instrumental feedback and mentoring system connecting private tutors of

various subjects and educational levels.

MarketingLocation Bahrain GCC

Potential Market Size 2,000,000 BD 10,000,000 BD

Technology

Type Online Website and Software applications

Description (Process)

The development of an e-education and website

that will facilitate individuals to search through an

online criteria based database portal, connecting

private tutors with students through optional

learning methods including; virtual e-classrooms

and Home/ Tutor

Manpower

Sources Widely available globally

Total 21

Pre-operations Team of 10 software and website developers

OperationsTeam of 3 Technical Support and Maintenance

(May be outsourced)

Administration & Sales 5 Sales staff + 3 Managerial Staff

Capital

Requirements

Cost Item USD BHD% of Total

Investment

Total 904,000 340,000

Office Furnishing 53,000 20,000 5.9%

Total Equipment 159,000 60,000 17.6%

IT Development 371,000 140,000 41.2%

Working Capital 159,000 60,000 17.6%

Miscellaneous 159,000 60,000 17.6%

Implementation

Period7 Months

40

Education


2. Online Fee Payment application

Overview :

The applications of electronic funds transfer has been evolving in recent years as a result

of growing online security. The lenience in sending funds from an account to another has

never been easier and as convenient.

Project Description:

The development of an online fee payment application made convenient for parents/

sponsors to process quick and easy online payments to their children’s school accounts.

Parents paying school fees have always been required a physical presence in order

to deliver the payments, whether via cheque, cash or credit card form. This online fee

payment application shall include invoice details, and each student’s Fees breakdown

made accessible by creating an account to be linked to school’s account.

Market Potential:

The local / regional market may potentially attract 50,000,000 BD within the GCC market

from subscriptions and other fees.

Market Segments:

The company should target and serve the entire GCC market, since Bahrain’s education

market size is not too significant. The company needs to mainly target schools around the

GCC.

41

Product/

Specification

Online fee payment application for parents/ sponsors for quick and easy

online payments to their children’s school accounts.



Technology



The development of an online payment

application made convenient for parents /

sponsors to process quick and easy online

payments to their children’s school accounts

Manpower


Total 17


OperationsTeam of 3 Technical Support and Maintenance

(May be outsourced)

Administration & Sales Team of 2 sales + 2 Managerial staff

Capital

Requirements


Investment

Total 212,000 80,000


Total Equipment 26,500 10,000 12.5%

IT Development 70,500 30,000 37.5%

Working Capital 39,750 15,000 18.75%

Miscellaneous 39,750 15,000 18.75%

Implementation

Period6 Months

42

Health Care


3.Online Diet and Fitness Advisory

Overview :

Bahrain has witnessed many health and nutritional awareness programs in recent years,

while there are many initiatives and programs that have been established as a response

to the growing demand of healthy lifestyle. Recent studies have proved that countries

within the GCC have relatively high obesity rates when compared to other regions. In fact,

countries like Kuwait and Saudi have witnessed one of the highest records in the world.

Nutritional, fitness and health related advisory services should be made widely available

to the general public and at a convenience in order to promote healthy lifestyle living.


An online Diet & Fitness Advisory service program which helps customers attain their

fitness goals. The website aims to attract fitness enthusiasts from all over the Middle

East with an integrated system that extends to individual wearable devices and mobile

applications with the opportunity to dynamically adapt according to individual lifestyle

habits, caloric measurements and health indicators.

Market Potential:


from subscriptions and other fees.

43

Product/

SpecificationOnline Diet and Fitness Advisory



Technology



An online Diet & Fitness Advisory service

program which helps customers attain their

fitness goals. The website aims to attract fitness

enthusiasts from all over the Middle East with an

integrated system that extends to individual’s

wearable devices and mobile applications with

the opportunity to dynamically adapt according to

individual lifestyle habits, caloric measurements

and health indicators.

Manpower


Total 17

Pre-operations Team of 5 Software and website developers

Operations Team of 6 Nutritionists and Health Advisors

Administration & Sales Team of 4 Sales + 2 Managerial staff

Capital

Requirements


Investment

Total 238,500 90,000

Office Furnishing 39,750 15,000 17%

Total Equipment 53,000 20,000 22%

IT Development 39,750 15,000 17%

Working Capital 79,500 30,000 33%

Miscellaneous 26,500 10,000 11%

Implementation

Period5 Months

44

Health Care


4.Online Doctor-Patient Booking System

Overview :

The GCC has witnessed a growing number of clinics, medical centres and hospitals in

recent years, partly as an aim to increase Medical Tourism. Accessing information in

regards to Doctor - Patients booking can be quite difficult and time consuming at times

due to lack of information and operational inefficiencies. Doctor-Patient Bookings in the

GCC has always been the traditional method of either walk-in-patients (first come, first

served), or, via telephone bookings. It is also hard to identify suitable doctors in the GCC

since most recommendations are relied on word of mouth. Patients need to understand

the available options and vacancies when in need for a doctor’s consultancy.


An online appointment booking system in the healthcare industry aiming to improve

efficiency and productivity through patient appointment scheduling. It allows patients to

search, select and schedule an appointment with an appropriate doctor. This compliments

the doctors’ practice with a tangible increase in their patient’s overall satisfaction.

Market Potential:

The GCC has witnessed a growing number of clinics, medical centres and hospitals in

recent years, partly as an aim to increase Medical Tourism. The local / regional market

may potentially attract 3,000,000 BD within the GCC market from subscriptions and other

fees.

45

Product/

SpecificationOnline Doctor – Patient Booking System


Potential Market Size 700,000 BD 2,300,000 BD

Technology



An online appointment booking system in

the healthcare industry aiming efficiency and

productivity through patient appointment

scheduling. It allows patients to search, select

and schedule an appointment doctor. This

compliments the doctor’s practice with a tangible

increase in their patient’s overall satisfaction.

Manpower


Total 16


Operations Team of 3 technical support and maintenance

Administration & Sales Team of 3 Sales + 2 Managerial Staff

Capital

Requirements


Investment

Total 251,750 95,000






Implementation

Period9 Months

46

Financial Services


5.Online Insurance Brokerage Portal

Overview:

While the global insurance market shrank slightly in 2009, the market in the GCC grew

at a rapid pace – 6 percent in non-life and 9 percent in life. Similarly, profitability remains

steady for the GCC’s major insurers. The share of premiums ceded to reinsurers, while still

high, has decreased, improving profit margins. To reach the same market penetration as

BRIC over the next decade, the GCC market will have to grow at an annual rate of 15 – 17

percent.


An online, convenient and user-friendly insurance search engine that allows users to

compare rates of different insurance options. The online portal is dedicated for personal

and corporate insurance.

Market Potential:


from subscriptions and service (Brokerage) fees within the first year.

47

Product/

SpecificationOnline Insurance Brokerage Portal



Technology



An online insurance search engine that allows

users to compare rates of different insurance

options. The online portal is dedicated for

personal and corporate insurance.

Manpower


Total 25

Pre-operationsTeam of 10 Software, Database and website

developers

OperationsTeam of 8 insurance brokers + Team of 3

Technical Support and Maintenance


Capital

Requirements


Investment

Total 795,000 300,000


Total Equipment 225,250 85,000 28.3%

IT Development 344,500 130,000 43.3%


Miscellaneous 26,500 10,000 3.3%

Implementation

Period12 Months

48

Entertainment


6. Gaming

Overview:

Games are popular across the Middle East and North Africa, from consoles to mobiles,

setting the MENA region to grow faster than the global average, outpacing Russia and

China. Globally, the entire videogames market will be worth $93bn by 2019, whereas in

MENA it is smaller at $1.76bn, but it is growing at a faster pace than the rest of the world.

In this region, consumers will increasingly expect international players to Arabize their

content.


Creation of smartphone and console game simulations targeted towards local and regional

youth and adult segments that may involve interactive simulations, and strategy with online

connectivity and reward points system; for example: Online sports tournaments.

Market Potential:

There are close to 530 million mobile phone users in the Middle East with an overall

smartphone penetration rate of about 39%. The local / regional market may potentially

attract 25,000,000 BD within the Middle East market from download subscriptions and

sales.

49

Product/

Specification

Gaming simulations targeted towards local and regional youth and adult

segments



Technology



Creation of game simulations targeted towards

local and regional youth and adult segments that

may involve interactive simulations, and strategy

with online connectivity and reward points

system; for example: Online sports tournaments.

Manpower


Total 17


Operations Team of 6 Nutritionists and Health Advisors


Capital

Requirements


Investment

Total 437,250 165,000



IT Development 159,000 60,000 36.4%

Working Capital 106,000 40,000 24.2%


Implementation

Period12 – 15 Months

50

Professional Services


7. Online Recruitment and Internship Desk

Overview:

Online staffing is currently the hottest trend in the corporate recruitment market. The online

recruitment industry has been forecast to increase at a compound annual growth rate

(CAGR) of 14.52% through 2016, driven by the increase in the number of social recruiting

platforms, and the emergence of mobile recruitment (m-recruitment).


An Intelligent online recruitment and internship service provides assistance for

companies to post internships or job opportunities/vacancies and hire students / fresh

graduates for internship offering part time and full time job opportunities with preliminary

psychometric testing. This website aims to help students and fresh graduates become

better professionals to dynamically build their career-oriented capabilities.

Market Potential:

Online staffing analysts estimate that the online staffing industry is approximately a $1.5

billion industry in 2014 and predicts that it will reach $16 billion by Y2020 as growth

will be driven by small and large businesses, global organizations and technological

improvements and advancement in online platforms. Online recruitment for blue-collar

workers and domestic help is a new concept and hence market potential for such services

is projected to be in the region of around 23,000,000 BD for the GCC in the initial years

of introducing the service with immense growth potential.

51

Product/

SpecificationOnline Recruitment & Internship Desk



Technology



An Intelligent online requirement and internship

service provides assistance for companies to

post internship or job opportunities/vacancies

and hire students / fresh graduates for internship

offering part time and full time job opportunities

with preliminary psychometric testing. This

website aims to help students and fresh graduates

become better professionals to dynamically build

their career-oriented capabilities.

Manpower


Total 22

Pre-operationsTeam of 8 Software Application and Website

developers

OperationsTeam of 8 Database Technical Support,

Maintenance and Transaction Support


Capital

Requirements


Investment

Total 318,000 120,000



IT Development 106,000 40,000 33%



Implementation

Period11 Months

52



8. Online Homecare Facility Management

Overview:

Trends in facility management outsourcing has been growing in the GCC through the

viability of comprehensive and attractive contract building in return for a reasonable

membership price. These contracts ensure clients with a consistent specialized quality

and responsive logistics made available around the clock and encompassing a variety of

services including plumbing, carpentry, and appliance maintenance.


An easily accessible online portal (website / mobile application) for homecare facility

management with a 24/7 dispatch assistance accessible without the need of subscriptions

fees.

Market Potential:

Companies and households within the GCC are increasingly depending on feasible

homecare facilities management companies as regular maintenance solutions. The

local / regional market may potentially attract 6,000,000 BD within the GCC market from

membership fees.

53

Product/

SpecificationOnline Homecare Facility Management



Technology



An easily accessible online portal (website/ mobile

application) for homecare facility management

with 24/7 dispatch assistance accessible without

the need subscription fees.

Manpower


Total 44


OperationsTeam of 30 Homecare Laborers (Technicians,

Plumbers, etc..)


Capital

Requirements


Investment

Total 238,500 90,000






Implementation

Period8 Months

54



9. Booking / Queuing Portal

Overview:

Products and Services that involve queuing in lines are at time unpredictable and very time

consuming. The time consuming process can be a detriment in choosing a specific location

or services, especially when the wait time is unknown, hence resulting in inefficiencies for

both parties. This at times has deterred many people from even considering choosing a

specific service.


An online portal that assists in advanced queuing and pre-allocated scheduling slots to

lessen the time spent waiting in lines for a smoother scheduling management on both end

users and the respective company/organization to avoid rush hours. A dynamic system

that integrates estimated time to destination and total wait time.

Market Potential:


from membership fees.

55

Product/

SpecificationBooking/ Queuing Portal



Technology



An online portal that assists in advanced queuing

and pre-allocated scheduling slots to lessen

the time spent waiting in lines for a smoother

scheduling management on both end users and

the respective company/organization to avoid

rush hours. A dynamic system that integrates

estimated time to destination and total wait time.

Manpower


Total 30

Pre-operationsTeam of 10 Software, Database and website

developers

OperationsTeam of 10 Surveyors and Technical Specialists +

Team of 3 Technical Support and Maintenance


Capital

Requirements


Investment

Total 172,250 65,000



IT Development 53,000 20,000 30.8%

Working Capital 39,750 15,000 23.1%


Implementation

Period9 Months

This report has been developed by EY based on information from the public domain. For

any changes to be made in this document, prior approval has to be obtained from EY.

Tel: (+973) 17568031 - Fax:(+973) 17564299e-mail: [email protected]

www.moic.gov.bh/investinbahrain

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