Turkey now Bahrain’s ‘Approved Partner’: Finance Minister

TDT | Manama

The Daily Tribune – www.newsofbahrain.com

Bahrain yesterday granted Turkey the status of “approved partner” for the International Centre for Sea and Air Freight Services in the Kingdom. The decision came during the seventh meeting of the Bahraini-Turkish Joint Committee jointly chaired by Shaikh Salman bin Khalifa Al Khalifa, the Minister of Finance and National Economy, and his Turkish counterpart Noureddin Nabati.

Announcing the decision, Shaikh Salman said the move aims at attracting investment to enhance the economic and trade partnership between the two countries and allows Turkey-based companies to apply for accreditation as an operator of Freight services.

The Finance minister expressed hope that this step would take the Bahrain-Turkey bilateral relations to broader horizons. The ministers also signed a Memorandum of Understanding for cooperation in various sectors and standardisation of activities.

Discussions also focused on investment opportunities and exchanging experiences between the two sides. The meeting also shed light on Bahrain’s economic recovery plan. The plan, the minister said, has its basis on five main priorities.

These include facilitating commercial procedures and increasing their effectiveness to attract investments by 2023, implementing major development projects in partnership with the private sector, developing promising sectors like tourism, logistic services, financial services, industry and information technology.