Sameer Nass highlights strengthened Bahrain-South Korea ties at business forum
TDT | Manama
The Daily Tribune – www.newsofbahrain.com
The Chairman of the Bahrain Chamber, Sameer Nass, expressed Bahrain’s private sector’s eagerness to leverage the strong bilateral ties between Bahrain and South Korea.
Nass stated that the primary goal is to achieve mutually advantageous results by bolstering economic collaboration that serves the interests of both nations and their people.
Speaking at the Fifth Bahraini-Korean Business Forum held at the Radisson Blu Hotel in Bahrain yesterday, Nass expressed his satisfaction with the remarkable 50% growth in trade volume between Bahrain and South Korea in 2022 compared to 2018.
He also pointed out that South Korea now stands as Bahrain’s 11th largest export partner and 17th largest import partner in the past year. Nass underscored that the convening of the forum reflects the readiness of both the Bahraini and South Korean business communities to strengthen their trade relations and explore new avenues of cooperation.
He emphasized Bahrain’s compelling value proposition, which includes its competitive business environment, the opportunity for 100% foreign ownership in most economic activities, the availability of golden residency, and the advantage of low operational costs.
He stressed that these factors, combined with Bahrain’s strategic location and favorable business climate, position the Kingdom as an appealing destination for international investment.
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