The Talal Abu Ghazaleh Organisation (TAG-Org) has announced that it has decided to set up its regional headquarters in Bahrain, citing its decision as being based on a number of factors, including its tried and tested legal and regulatory framework, the skilled local workforce and its advanced ICT infrastructure.
The Index of Economic Freedom 2010, published by the Heritage Foundation and Wall Street Journal, which ranked Bahrain as the 13th freest economy in the world, and the most free in the Middle East and North Africa (MENA) region, highlighted a number of these factors, saying "Bahrain is home to many multinational firms that do business in the region. It has a modern communications and transportation infrastructure, a reliable regulatory structure, and a cosmopolitan outlook". Furthermore, Bahrain was ranked first in the Gulf and wider Middle East and 13th of 192 countries worldwide in the 2010 United Nations Global e-Government Readiness Survey.
Shaikh Mohammed Bin Essa Al-Khalifa, Chief Executive of the EDB, said: "We are delighted that TAG-Org has decided to set up its regional headquarters in Bahrain. It is one of the mostly widely recognised and respected professional services firms in the Middle East, and their decision to move here is a reflection of the positive impact resulting from the economic reforms that are being driven forward by the EDB in Bahrain."
Talal Abu Ghazaleh, chairman of TAG-Org commented: "As the largest group of professional services firms in the Arab region, the leading intellectual property firm globally and a member of the international Forum of Firms (FOF) of trans-national accounting companies, we decided to benefit from the business friendly environment and the remarkable economic development strategies in place in Bahrain, including its advanced legal and regulatory framework, its attractive taxation system, the availability of qualified human resources, its most advanced ICT infrastructure, its supportive open market and its well established financial services industry.
He continued "Bahrain thus meets all required criteria for hosting our regional office at our new corporate tower from which we will continue to service our international and regional client base through our network of over 70 offices. We are proud to be hosted by Bahrain."
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