Manama, 8th May 2017: The Bahrain Economic Development Board (EDB) will participate in Transport Logistic Exhibition in Munich this week. A high-level delegation will showcase investment opportunities within Bahrain’s growing transportation and logistics sector.
The Bahrain delegation will include His Excellency Kamal bin Ahmed Mohammed, Minister of Transportation and Telecommunications; His Excellency Khalid Al Rumaihi, EDB’s Chief Executive, and senior representatives from the private and public sector. At the Exhibition, the delegation will hold bilateral meetings with exhibitors, businesses and investors.
The EDB’s participation in the Transport Logistic Exhibition is part of its efforts to attract investment and create job opportunities in the local market. The exhibition is a world-leading trade fair for logistics, mobility, IT, and supply chain management. It acts as the business platform and driving force behind the global logistics and transport industry, and will include a comprehensive conference programme gathering logistics companies from around the world under one roof.
HE Al Rumaihi said ahead of the roadshow:
“Germany and Bahrain are strong trading partners with a history of cooperation in business. Our countries’ relationship has gone from strength to strength ever since we entered economic bilateral relations in 1972. Today, non-oil trade continues to grow between both nations, where it has grown from BHD141 million in 2009 to more than BHD198 million in 2016.
“Participating in the Transport Logistics Exhibition in Munich represents a perfect and timely opportunity to promote our economy and help international investors take advantage of the opportunities that Bahrain’s logistics sector offers. Strategically located in the Gulf, Bahrain provides easy access to the GCC markets.”
The Kingdom is making substantial investment in infrastructure through a programme worth over US 32billion. It includes, among other projects, an airport modernisation programme which will increase the air cargo volume to 1 million metric tonnes per annum once the project is completed in 2020.
Bahrain is the preferred location for many international logistics businesses, with companies such as DHL, Agility and the German Schmidt ME Logistics all choosing Bahrain as a hub for their operations in the Gulf.
Notes to editors:
About The Bahrain Economic Development Board (EDB)
The Bahrain Economic Development Board (EDB) is an investment promotion agency with overall responsibility for attracting investment into the Kingdom and supporting initiatives that enhance the investment climate.
The EDB works with the government and both current and prospective investors, in order to ensure that Bahrain’s investment climate is attractive, to communicate the key strengths, and to identify where opportunities exist for further economic growth through investment.
The EDB focuses on several economic sectors that capitalise on Bahrain’s competitive advantages and provide significant investment opportunities. These sectors include financial services, manufacturing, ICT, tourism, logistics and transport. The financial services sector is particularly strong in Bahrain and the EDB works to support the continued growth of the banking industry and key sub-sectors, including Islamic finance.
For more information on the Bahrain EDB visit www.bahrainedb.com; for information about Bahrain visit www.bahrain.com.