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Trade volume between Bahrain and Malaysia hits $230m

Bahrain News
Sun, 02 Sep 2018

TRADE volume between Bahrain and Malaysia reached more than $230 million last year.

Malaysian Ambassador Agus Salim Bin Yusof told the GDN that the trade volume was recorded at $236m for 2017, with the total imports from Bahrain registered at $131.1m and Malaysian exports to Bahrain stood at $106m.

“Out of that $236m, we imported more from Bahrain than we exported to it,” he said.

“The major import items from Bahrain were petroleum products, which make up about 74 per cent of our imports from Bahrain.

“This was followed by metal products at 22.4pc and the other things are quite negligible such as iron and steel products, seafood and machinery.”

He added that although there was no new investment between the two countries last year, there were opportunities for growth.

“I see good potential for Malaysian investment in Bahrain in the manufacturing industry,” he said.

“There are many reports saying Bahrain is the best place to do business in this region as the costs are not as high as in the UAE, for example.

“The regulatory framework is also better than in some of the other neighbouring countries.”

He also stressed the potential for Bahraini investment in Malaysia in the form of private equity investment.

“We have many major projects coming up by both the private and the public sectors which need funding through foreign investment,” he added.

“This is where Bahraini organisations or private individuals can participate.”

Mr Yusof was speaking to the GDN to coincide with the Malaysian National Day, which was marked on Friday.

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