BCCI takes part in first Bahrain-Thailand virtual business matching event

TDT | Manama

The Bahrain Chamber of Commerce and Industry (BCCI) took part in a hybrid-virtual business matching event that embraced Bahraini business owners and their Thai counterparts. The event, which was held via VIXMA platform, offered business owners from Thailand and Bahrain the opportunity to mull business and partnership prospects in a number of sectors, namely: organic food, beauty, hotel supply, and spa and wellness.

BCCI chief executive officer Shaker Al Shater delivered a keynote during the opening of the event where he voiced pride in the deep-rooted relations between Bahrain and Thailand, and the extensive co-operation at all levels, with 12 agreements and 17 memoranda of agreements signed between both sides.

Al Shater shed light on the economic challenges that came as a result of the Coronavirus pandemic and the lockdown and containment measures. He stressed on the need to capitalize on technological advancements and innovation.

He expressed the keenness of the private sector in Bahrain on reinforcing liaison with its Thai counterpart, and the readiness of the Bahrain Chamber to facilitate and support all endeavors that aim at invigorating business between both sides. Concluding his keynote, Al Shater called Thai business community to explore business and investment opportunities in Bahrain.

He highlighted Bahrain’s top rank in economic freedom allowing 100% foreign ownership in some business activities, its strategic location giving access to the 1.5 trillion dollar GCC market, it's pioneering standing as a financial hub, and its advanced transportation and telecommunications infrastructure. Similarly, Bahrain’s ambassador to Thailand Ahmed Abdulla Al Hajri expressed pride in the strong ties between the two countries and the high-level cooperation.

He also called Thai business owners to mull investment and partnership opportunities, and to benefit from the vast features offered to foreign investors. He underlined Bahrain’s favorable business legislation and laws including the updated bankruptcy law, and shed light on the ease of starting up a business in Bahrain using Sijilat platform.