December 29, 2013
Bahrain remains focused on attracting more specific foreign direct investment in the next year, according to a top minister.
Transportation Minister and Economic Development Board (EDB) acting chief executive Kamal bin Ahmed said all eyes will be on sectors that contribute to Bahrain’s economy, enhance the business environment and create more jobs for Bahrainis.
Kamal bin Ahmed was speaking during a meeting in Bahrain with the managers of EDB’s international offices in the US, UK, Germany, Japan, India, and China.
The 2014 operational plans of the EDB’s international offices were discussed during the meeting, detailing the mechanisms of attracting foreign direct investment to Bahrain in targeted sectors.
Plans were also reviewed on enhancing co-operation with Bahrain’s envoys and embassy officials during the next year, reported the Gulf Daily News, our sister publication.
The EDB plans a number of roadshows to promote Bahrain and its investment opportunities in a number of main targeted regions including China, India, the US and other countries with the objective of facilitating business relations between the private sectors from Bahrain and these countries.
The minister praised the role played by the international offices over the past year in enhancing investment co-operation between the kingdom and some targeted markets.
He directed the managers of these offices to bring more business delegations to the kingdom for demonstration of the advantages and strengths of Bahrain’s business and investment environment.
The roadshows conducted by the EDB this year in co-operation with the private sector have resulted in signing many agreements and establishing joint ventures between Bahraini businessmen and their counterparts from various places.
Many renowned companies opened branches or offices for them in Bahrain during the year.