A royal fillip to US, Bahrain trade ties
TDT | Manama
The Daily Tribune – www.newsofbahrain.com
Bahrain signed six agreements with the United States giving a significant boost to Bahrain’s economy during the visit of His Royal Highness Prince Salman bin Hamad Al Khalifa to the United States of America.
The deals, which included partnerships and memoranda of understanding, bring investments to Bahrain’s digital information sector, industrial, logistics and space sciences sectors.
Several government bodies and companies in both countries signed the deals, which comes as Bahrain slowly emerges from the pandemic by relaxing the COVID-19 measures. Three agreements were in the digital information sector.
These include a deal renewing an agreement between the Information and eGovernment Authority with Microsoft to support the national digitisation drive. Bahrain has also granted the US sovereignty over data stored at cloud computing centres in Bahrain.
Another deal in the sector aims to upgrade the government’s data network with Cisco. Agreements in the Industrial sector supports the first US Trade Zone in the Region. According to the US Bahraini Business forum, the zone provides US companies with a key distribution hub to a market valued at over US$ 1 trillion.
Deals in the logistics sectors grant the US a partner status in Bahrain’s Global Sea to Air logistics hub initiative. Bahrain has also joined hands with the United States in the Space Science sector by joining the Artemis Accords.
The deal facilitates Bahraini scientists’ immense opportunities in the exploration of outer space.
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