14 February 2006
Relations between Bahrain and Saudi Arabia, the biggest trade partner of the Kingdom, in trade, economic and investment sectors, are getting stronger with each passing day, the Prime Minister, Shaikh Khalifa bin Salman Al Khalifa, said yesterday. The Premier, who was chief guest at the opening of the Bahraini-Saudi Businessmen's Economic Forum yesterday, said such meetings would open new vistas of cooperation in trade and investment sectors.
"Given the fact of close relations between the two sides, there are high expectations among the people of both countries with both working hard to assist the private sectors in creating investment opportunities in all vital sectors." Faisal bin Salman bin Abdulaziz Al Saud, Chairman of Saudi Research and Marketing Group, lauded the level of excellent and historic relations between Bahrain and Saudi Arabia. He said he was very much impressed with the economic development of the Kingdom and recognition of that by global organisations such as the Heritage Foundation. "Today's meeting aims to explore investment opportunities by encouraging bilateral investments in common projects through bringing private sectors of each country closer than ever. "We have been working very closely associated with the Bahraini side to cement and enhance existing trade and commercial relations.
This meeting is part of our efforts to provide all possible assistance to the private sectors of Bahrain and Saudi Arabia," said Al Saud. "We are trying to establish a think tank to encourage political, economic and social Arab societies through the strong role of media in research to remove existing barriers. Open dialogue will help to establish Arab countries on a single platform. Bahrain has been ranked the 25th freest economy in the world by the Heritage Foundation, and, according to international investment reports, Bahrain had been ranked at 27th in trade and development in the past year." The chairman of the Bahrain Chamber of Commerce and Industry, Dr Esam Abdullah Fakhro said: "Our relations are based on bonds of understanding but, under the new circumstances, we are constrained to work as a regional platform. We need to enhance economic relations between the two countries.
"Today's meeting shows the good relations, and there is a need to simplify them on both sides, enhancing the scope of the private sector in both countries if Bahrain wants to increase international investments, guidelines as well as the legal and economic framework. There is a lot of opportunity in banking, insurance and tourism in addition to what is going on in petrochemical, aluminium and education and in information technology and the education sector."
Relations between Bahrain and Saudi Arabia, the biggest trade partner of the Kingdom, in trade, economic and investment sectors, are getting stronger with each passing day, the Prime Minister, Shaikh Khalifa bin Salman Al Khalifa, said yesterday. The Premier, who was chief guest at the opening of the Bahraini-Saudi Businessmen's Economic Forum yesterday, said such meetings would open new vistas of cooperation in trade and investment sectors.
"Given the fact of close relations between the two sides, there are high expectations among the people of both countries with both working hard to assist the private sectors in creating investment opportunities in all vital sectors." Faisal bin Salman bin Abdulaziz Al Saud, Chairman of Saudi Research and Marketing Group, lauded the level of excellent and historic relations between Bahrain and Saudi Arabia. He said he was very much impressed with the economic development of the Kingdom and recognition of that by global organisations such as the Heritage Foundation. "Today's meeting aims to explore investment opportunities by encouraging bilateral investments in common projects through bringing private sectors of each country closer than ever. "We have been working very closely associated with the Bahraini side to cement and enhance existing trade and commercial relations.
This meeting is part of our efforts to provide all possible assistance to the private sectors of Bahrain and Saudi Arabia," said Al Saud. "We are trying to establish a think tank to encourage political, economic and social Arab societies through the strong role of media in research to remove existing barriers. Open dialogue will help to establish Arab countries on a single platform. Bahrain has been ranked the 25th freest economy in the world by the Heritage Foundation, and, according to international investment reports, Bahrain had been ranked at 27th in trade and development in the past year." The chairman of the Bahrain Chamber of Commerce and Industry, Dr Esam Abdullah Fakhro said: "Our relations are based on bonds of understanding but, under the new circumstances, we are constrained to work as a regional platform. We need to enhance economic relations between the two countries.
"Today's meeting shows the good relations, and there is a need to simplify them on both sides, enhancing the scope of the private sector in both countries if Bahrain wants to increase international investments, guidelines as well as the legal and economic framework. There is a lot of opportunity in banking, insurance and tourism in addition to what is going on in petrochemical, aluminium and education and in information technology and the education sector."
© Bahrain Tribune 2006
