May 24 2007
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Bahrain Investment Wharf to participate in Cityscape China
BIW 's participation in Cityscape Conference is part of the unique relationship and cooperation between the Kingdom of Bahrain and China in all fields, particularly economic.
Ahmed Al Qattan, Chairman of BIW , said: "China is one of the pre-eminent countries that are witnessing major economic development. A considerable amount of investment and industries are established in China; it has a significant number of investors and participates in huge investment activities in many countries worldwide. This is why we at BIW participated in Cityscape Exhibition in Shanghai, China, considered an important opportunity to introduce to Chinese investors and businessmen what BIW provides in terms of promising investment opportunities; in addition to diverse opportunities and potentials that encourage establishing Chinese and mutual projects because the investment environment in Bahrain has become one of the attractive environments for investors and companies.
This will encourage many industries from around the world to open factories in Bahrain and benefit from this agreement to introduce its products, tax exempt, to the American markets, which will not be available in its country of origin.
He said that many of the registered Chinese agents, which number about 50, operate in various commercial and economic fields such as garments; automobiles; light duty trucks and its spare parts; business administration, training, and developing administrative capabilities consultants; and storing products to re-export them in the free zones, marketing and promoting them. Bahrain has many agreements, among them: economic; commercial; investment promotion and protection; mutual tax exemption on the international air transportation operations income; double taxing; and preventing tax evasions imposed on income. All these advantages will encourage Chinese businessmen to invest in Bahrain.
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