Manama: Representatives from the Economic Development Board (EDB) explored opportunities for further cooperation with China during a visit by a Chinese business delegation from Guangdong. The delegation comprised companies from a number of different industrial sectors.
The EDB also presented the various opportunities available to Chinese investors in the Kingdom, through highlighting the competitive advantages of Bahrain and its open economic environment. The delegation met with representatives of Bahrain Technology Companies (BTECH) society, they will be meeting with representatives from the Kingdom’s business community at the Bahrain Chamber of Commerce and Industry (BCCI) and will visit the site of the upcoming Dragon City Project.
The visit, which marks the 14th visit by a Chinese trade and investment delegation to the Kingdom in 2015, follows on the conclusion of a 10-day Roadshow by a high-level business delegation to the People’s Republic of China. The visit, organised by the EDB, led to the signing of 15 agreements with Chinese businesses and trade organisations, to further strengthen economic and trade ties between the two countries. During the roadshow, the Bahraini delegation also took part in the China International Fair for Investment and Trade (CIFIT), at which Bahrain was the first country in the Middle East to be the guest country of honour.
The visiting Chinese delegation was briefed on the competitive advantages Bahrain offers, including the diversity of its economy and its economic freedom, as well as its relatively low operating costs, highly skilled bilingual workforce, and development of human capital. The visiting delegation were also briefed about the factors allowing Bahrain to rank highly in a number of key international indices, which have helped the Kingdom attract leading international companies and investors.
The China Council for Promotion of International Trade (CCPIT) in Guangdong province was established in 1957, and includes representatives from a range of sectors and businesses in the province. Since its establishment, the CCPIT has worked to promote international trade and benefit from foreign direct investment and promoting economic cooperation. CCPIT has established a wide network of relationships with commercial and industrial organizations in more than 100 countries and territories around the world.
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