Bahrain-Belgium forum highlights biz opportunities

Brussels : Investment opportunities in the Kingdom were in focus during a high-level Bahrain-Belgium Business Forum held in Brussels. 

The forum shed light on the investment opportunities in Bahrain and evolution of the Kingdom towards a diversified competitive economy.

Embassy of Bahrain, in cooperation with the Bahrain Economic Development Board and the Arab-Belgium-Luxemburg Chamber of Commerce (ABLCC), organised the forum. 

Speaking at the event, the Ambassador of Bahrain to Belgium, Dr Bahia Jawad Al Jishi, stressed that Bahrain attaches great importance to its relations with Belgium, which have been steadily growing over the years.

While reviewing the economic developments, she pointed out the Kingdom’s efforts to diversify its economy, relying on its strategic location, competent national cadres, regulatory frameworks and legislation.

She also pointed out the recent discovery of large reserves of oil and gas in the Kingdom, which will be an opportunity for international oil companies to invest in the country, stressing that the harmony between the national advantages, visions and policies provide solid ground for investors.

On his part, Dr Simon Galpin, Managing Director of the Economic Development Board, highlighted the investment opportunities available to the private sector.

He reviewed the opportunities in the fields of infrastructure, industrial sector and real estate as well as opportunities in the field of finance.

Dr Simon announced EDB’s intention to render services to new investing companies and hailed its role in attracting international companies to the Kingdom of Bahrain, including Amazon Internet Services and Mondelez International Group.

Qaiser Hijazin, Secretary-General of the Arab-Belgian Chamber of Commerce (ABLCC), highlighted the importance of intensifying trade relations between the Kingdom of Bahrain and the Kingdom of Belgium.