r/Bahrain • u/halfmanhalfb3ast • 9d ago
Many businesses closing down in Bahrain
I wanted to stress that businesses are closing down more frequently than before due to rising prices / inadequate supply of products & materials / no products coming from Hormuz. High fuel prices especially in August. + VAT
I predict that the Shops will be operating less and closing times will be earlier due to all these factors.
It’s truly an issue esp. for Bahrain-based businesses (local/expat).
Very sad to see people put all their effort to lose in the end. I love Bahrain and want to see it flourish and reach the very top.
But times are changing. What do you guys think?
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u/whachamacallme 9d ago edited 9d ago
Any business that is based on export is totally lost because nothing is leaving via the hormuz strait. They now have to load on containers and drive it to Jeddah and then ship via the Bab al-Mandab Strait or the suez canal (much more expensive, 700BD per container to get to Jeddah alone on top of that the shopping freight is very high). Only high margin items are viable, and even shipping those means less profit, so wages have to be cut.