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Bahrain’s economy is one of the most diversified in the Gulf States, despite its continued reliance on oil as the backbone of the national economy. Its economic system is based on free enterprise, private ownership and the freedom of capital and business. Due to paucity of natural resources, except oil and gas, and a large-scale dependence on export-led growth, Bahrain has not only developed an export-oriented industrial sector but has also become an international center for trade and financial services.
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