September 01, 2014
Manama: A delegation from Saarland State in Germany met a number of business leaders in Bahrain to discuss the key economic developments in the Kingdom, and to prepare for an official German visit to Bahrain soon.
Saarland State is considered one of the economic hubs in the innovation and scientific research sector, and it is distinctive in industrial and automotive sectors, offering cutting edge technology services.
The German delegation visited the Economic Development Board (EDB) to explore the investment environment in Bahrain and its competitive advantages, such as the economic freedom and the diversity that Bahrain enjoys. The EDB also highlighted through its presentation to the delegation, Bahrain’s resilience in dealing with economic changes, which has been demonstrated through its high ratings in a number of international indices when compared with other countries in the region. The presentation also showed the investment opportunities in Bahrain which attract many companies and investors globally, such as, the qualified national workforce, the low cost of living, and the high human development rates; features which qualify Bahrain to be the ideal gateway to the $1.6 trillion GCC market.
Miss Vivian Jamal, Executive Director of Business Development at the EDB commented:
“We believe visits like this provide a valuable opportunity to highlight the advantages and competitiveness of the Bahraini Economy to investors from around the world. We look forward to receiving more high profile international business delegations as a growing number of investors are recognizing Bahrain as a premier destination to establish their business, given Bahrain’s strategic location in the region, developed infrastructure and legislative systems, skilled and efficient workforce, and low cost of doing business compared to the rest of the region. This will drive more high profile business visits to Bahrain.”
During their visit, the German delegation also met senior officials from Mumtalakat, Tamkeen, Bahrain Logistics Zone (BLZ), as well as the Bahrain International Investment Park (BIIP). Additionally, the delegation visited the German firm RMA, which is headquartered in Bahrain, as well as other Bahraini business figures.
The EDB has previously played an instrumental role in registering a number of leading German companies in Bahrain such as BASF, RMA, Siemens, SMS Meer and Hannover RE. Bahrain has recently hosted the ‘German Catalogue Show’ which was organized by the German-Saudi Arabian Liaison Office for Economic Affairs and inaugurated by H.E. Khalid Abdulrahman Almoayyed, Chairman of Bahrain Chamber of Commerce and Industry (BCCI), where 25 leading German companies met with local businessmen and women. This demonstrates the continued interest in commercial and economic relations between the two countries.
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