Talal Abu Ghazaleh Organization to Set Up Regional HQ in Bahrain
- Chairman says “Bahrain meets all required criteria for hosting our regional office” -
3 February 2010, Manama: 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 cosmo-politan 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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Notes to editors
About TAG-Org
TAGORG, a global leader in 71 offices across the world, providing professional services in: auditing, valuation, management consulting, ICT development, business advisory, training, educational consultancy, capital services, human resources development, real estate consulting, translation, legal service, intellectual property rights protection and domain name registration.
TAGORG holds 36 operating trans-national companies including:
- (AGIP) Talal Abu-Ghazaleh Intellectual Property is the global IP leadership.
- (TAGI) Talal Abu-Ghazaleh International, member of the Forum of Firms of trans-national accounting companies.
Talal Abu Ghazaleh, chairman of TAG-Org chairs over 30 regional and international organizations, member of over 40 boards and Holder of many Honors and Awards.
About The Bahrain Economic Development Board (EDB)
The Bahrain Economic Development Board (EDB) is a dynamic public agency with an overall responsibility for formulating and overseeing the economic development strategy of Bahrain, and for creating the right climate to attract direct investment into the Kingdom.
The role of the Bahrain EDB is to provide leadership by uniting all of the Kingdom's shareholders through a unified vision, and to develop key strategies for growth. The Bahrain EDB also acts as a facilitator, helping all of Bahrain's stakeholders to understand and adopt the changes necessary for progress. In addition, the Bahrain EDB provides sound project management to ensure that all agreed reform initiatives are implemented in an effective and timely manner.
The Bahrain EDB is also responsible for attracting inward investment into Bahrain, and is focusing on six target economic sectors in which the Kingdom offers significant strengths. These are financial services, downstream industries, tourism, business services, logistics, and education and training.
More information on the Bahrain EDB is available at: www.bahrainedb.com
Further information
Jenan Al Maskati, Bahrain Economic Development Board
Tel: +973 17 589 930
Email: internationalmedia@bahrainedb.com
Alisdair Haythornthwaite, Bell Pottinger
Tel: + 971 566 901 725
Email: ahaythornthwaite@bell-pottinger.co.uk