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A vital sector

Cybersecurity for businesses, government, and other organisations is a necessity in Bahrain. As computer security companies work to protect assets and data from cybercriminals, confidence in the market grows, which in turn makes Bahrain more attractive to investors.

In 2015, 57% of Middle Eastern companies lost more than $500,000 compared to 33% globally. The need for more cybersecurity firms and cybersecurity investment in the region has never been more pressing.

According to the PwC Middle East Cybersecurity Survey, only 37% of firms in MENA have a comprehensive security and training awareness program in comparison to 53% globally. This makes Bahrain an ideal location for cyber security investment.

An untapped opportunity for cybersecurity firms

The 2012 Shamoon attack on Saudi’s Aramco was one of the most destructive cyber-attacks on private business.

In 2013, UAE and Oman banks suffered a loss of over USD 45 million due to one of the biggest ATM cyber-heists in the region.

With over 400 financial institutions in Bahrain alone, the Kingdom is home to a large number of companies which represent an attractive target to cyber attackers worldwide.

Bahrain, with our Cloud First Policy, is committed to accelerating the transition onto the cloud. This presents a new set of cybersecurity opportunities for computer security companies offering products that secure cloud-based software and infrastructure.

Human Capital

With 900+ yearly graduates in ICT courses, a cost competitive workforce, and universities / technical institutes offering many different ICT courses, Bahrain has closed the skills gap found elsewhere across the MENA cybersecurity market.

Universities and training institutes that are tapping into the cybersecurity sector include:

• Polytechnic
• BIBF
• Bournemouth University (In collaboration with Gulf Academy & Distinction)

Ideal testbed

Bahrain acts as a gateway to the GCC region and offers unrivalled access to Saudi Arabia’s large market. Situated just off the coast of Saudi, Bahrain is directly connected to the vast Eastern Province via the King Fahd Causeway. Bahrain’s market size, although small, is represented mainly by SMEs, which contribute to about 28% of the Bahraini GDP. This makes Bahrain an ideal testbed for cyber security businesses to pilot and test new products and solutions which can then be successfully scaled up.

    • 1st

      in MENA in ICT readiness

Bahrain has always adopted an open and forward-thinking approach, investing heavily in ICT infrastructure. Our nationwide high-speed 4G LTE network is just one of the reasons why Bahrain is ranked 1st in MENA for ICT readiness.

Who’s Here:

These companies have already made a cyber security investment in Bahrain. Will you be joining them?

Get in touch

Our experts are happy to answer your questions about cyber security business opportunities in Bahrain.

Amal Askar

Senior Executive

Enquire today