BCCI discusses Brazilian business opportunities

The Daily Tribune – www.newsofbahrain.com

TDT | Manama  

Bahrain Chamber for Commerce and Industry (BCCI) Chairman Sameer Nass has hailed the longstanding relations between Bahrain and Brazil. He hailed the outcome of the historic visit of President Jair Bolsonaro to Bahrain in November 2021, and the growing cooperation between both friendly countries in all aspects.

The BCCI head and the Acting CEO, Dr Abdulla Al Sada, held a meeting with a Brazilian delegation spearheaded by Admiral Flavio Rocha, Brazil’s Secretary for Strategic Affairs.

Nass highlighted the growing trade volume between Bahrain and Brazil, which exceeded $2.2 billion in 2021, noting the keenness of the Bahraini private sector in expanding partnerships with their Brazilian counterparts.

The chairman briefed the delegation on the business environment in Bahrain and advantages to foreign investors, and named renewable energy, food security, ICT, and tourism as prospective areas of business cooperation. Admiral Rocha reiterated pride in the strong tie between Bahrain and Brazil.

He pointed to the labor and social security reforms in his country, the updated business law and regulations, and the major development and infrastructure projects the country is witnessing, which encompass invaluable opportunities for foreign investors. BCCI also organised meetings between the Brazilian delegation comprising companies in the logistics, food and agriculture, industrial, and trade sectors as well as their local counterparts.