February 10, 2015
Manama, Economic Development Board, 10th February 2015: The Economic Development Board (EDB) is hosting this week a media delegation from South Korea. This comes as part of the EDB’s efforts to promote investment opportunities in the Kingdom and further strengthen bilateral ties between the two nations.
The journalists represent a number of high profile South Korean publications, including: Chosun IIbo, the Korea Economic Daily, and Economist. The trip follows a number of business delegation visits between the two countries starting in 2012, and further reiterates the strong bilateral relations between Bahrain and South Korea. The total trade between South Korea and Bahrain in 2011 was $364 million.
H.E. Kamal bin Ahmed Mohammed, Minister of Transportation and Telecommunications and Acting Chief Executive of the EDB said:
“These visits come as part of the EDB’s efforts to showcase Bahrain’s tradition of openness, with strong economic and cultural bi-lateral relations. This visit will allow us to further highlight the ties between Bahrain and South Korea, and to introduce to the Korean market the many competitive advantages that the Kingdom has to offer interested investors”.
The three-day visit includes meetings and interviews with a number of public and private sector representatives such as the EDB, the Central Bank of Bahrain (CBB), the Bahrain International Investment Park (BIIP), Samsung Electronics (A.A. Bin Hindi), and Woori Bank. Additionally, the journalists will also experience Bahraini culture with a visit to the National Museum.