Bahrain Chamber Chairman Emphasizes Strategic Partnership with US

TDT | Manama

The Daily Tribune - www.newsofbahrain.com

Chairman of the Bahrain chamber, Sameer Nass emphasized the deep-rooted historic relations and strategic partnership between Bahrain and the United States, noting the importance ongoing cooperation to strengthen and develop these ties to meet the aspirations of both countries. This came during his participation in U.S.-GCC 5th Trade and Investment Dialogue, held by the American Chamber of Commerce as part of his official visit to the United States of America.

He stressed the importance of these meetings in enhancing the long-term strategic partnership between the countries. They serve as a crucial platform to promote cooperation, implement existing agreements, and explore promising opportunities for future collaboration He expressed expectations that the Bahraini private sector would capitalize on the robust bilateral relations with the United States to achieve mutual benefits and enhance economic cooperation.

He emphasized Bahrain's attractive investment environment, highlighting benefits such as no income taxes, low operating costs, and a skilled bilingual workforce. He also pointed out that Bahraini businesses leverage technology, diversify activities, expand partnerships, and focus on innovation, all of which are crucial for economic growth and enticing foreign investors. He outlined several promising sectors for cooperation between Bahrain and the United States, including financial services, technology, renewable energy, healthcare, and education.

Nass affirmed that the Gulf Cooperation Council (GCC) stands as a dynamic and rapidly advancing market, offering numerous investment opportunities. GCC countries are currently undergoing developments supported by economic diversification strategies, focusing heavily on major infrastructure projects, digital transformation, and sustainability. He highlighted Bahrain's progress in developing the digital trade ecosystem through comprehensive initiatives including national strategies, legislative frameworks, digital infrastructure, financial technology, digital skills development, and international partnerships.

He also underlined opportunities to bolster trade and investment ties between GCC nations and the United States, noting the United States’ leadership in key industries including technology, defense, manufacturing, and healthcare as it serves as a crucial strategic partner for GCC countries, thereby creating compelling avenues for cooperation.