MANAMA: The Bahraini Embassy in Brussels, in co-operation with the Bahrain Economic Development Board (EDB) and the Arab-Belgium-Luxembourg Chamber of Commerce (ABLCC), organised the Bahrain-Belgium Business Forum in Brussels.
The forum highlighted investment opportunities in Bahrain and the evolution of the kingdom towards a diversified competitive economy.
Speaking at the forum, the Bahraini Ambassador to Belgium Dr Bahia Jawad Al Jishi stressed that Bahrain attaches great importance to its relations with Belgium, which have been steadily growing over the years.
While reviewing the economic development in Bahrain,
she pointed to the kingdom’s efforts to diversify its sources of economy, relying on its
strategic location, competent national cadres, regulatory frameworks and legislation.
She also pointed out the recent discovery of large reserves of oil and gas in the kingdom, which will be an opportunity for international oil companies to invest in the country, stressing that this harmony between the national advantages, visions and policies provide solid ground for investors.
EDB managing director Dr Simon Galpin referred to the investment opportunities available to the private sector.
He reviewed the opportunities in the fields of infrastructure, industrial sector and real estate as well as opportunities in the field of finance.
Dr Galpin announced EDB’s intention to render services to new investing companies and hailed its role in attracting international companies to Bahrain, including Amazon Internet Services and Mondelez International Group.
ABLCC secretary-general Qaiser Hijazin highlighted the importance of intensifying trade relations between Bahrain and Belgium.
He pointed out that Belgian exports to Bahrain have increased by three per cent between 2016 and 2017 and Bahrain’s exports have soared by 58pc.
The event was attended by senior Belgian and European officials, ambassadors, businesspersons and representatives from various economic sectors.
They praised the forum and expressed their gratitude for the opportunities made available by Bahrain.
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