April 13, 2014
Manama: A Chinese investment delegation led by the China Overseas Development Agency (CODA) arrived in Bahrain today for a three day visit organised by the Economic Development Board (EDB). The group includes more than 20 business leaders from some of China’s top professional services and manufacturing firms.
During the visit the CODA delegation will be introduced to Bahrain’s investment environment, business registration procedures and industrial policy by the EDB, aimed at strengthening economic cooperation between China and Bahrain. The delegation will also visit the Bahrain Logistics Zone, APM Terminals as well as a number of cultural sites, and will hold meetings with relevant Government agencies and a series of Chinese companies already present in the Kingdom. The delegates will also be attending the Bahrain-China Forum on Tuesday, April 15, organised by the EDB and Bahrain Chamber of Commerce and Industry (BCCI).
H.E. Kamal bin Ahmed, Minister of Transportation and Acting Chief Executive of the EDB, said:
“Enormous opportunities exist for China and the GCC to capitalise on fast growth and our long-standing economic and trade relationship. The GCC is a rapidly growing market that is becoming increasingly interesting to Chinese businesses because of its strong long term fundamentals and the role for international investment in developing the infrastructure and economic diversification that is required for sustainable prosperity.
“It is always a great pleasure to welcome business delegations from China to Bahrain and introduce them to the leading Chinese companies that are already using the Kingdom as a base from which to access the GCC. We look forward to three days of productive discussions.”
Chinese companies represented on the business delegation include: Beijing Capital Group Co., Ltd. (the Capital Group); China Metallurgical Group Corporation (MCC); Zhong Lun Law Firm; China Oceanwide Holdings Group (COHG); China Zhongwang Aluminum; Jiangsu Transportation Institute (JSTI); CITIC M&A Fund; Tianji Group; Kerui Group; Jinglong; China Ocean Shipping Company (COSCO); Zoomlion Intl’ Engineering Cost Consultation Co., Ltd.; TransAsia Lawyers Firm; China International Council for the Promotion of Multinational Corporations; and Sinotrans. This follows a visit from a Shenzhen City delegation last week, which was also hosted by the EDB.
A number of leading Chinese companies including Huawei, Bank of China, China Harbour Engineering, Beijing Jangho Curtain Wall Co. Ltd, and Daily Wealth Ltd are already located in Bahrain. China is currently the third largest market for Bahraini exports outside of the GCC, and this year marks 25 years of diplomatic relations between Bahrain and China.
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Further information please contact:
Economic Development Board
Tel: +973 17 589 966