Dr. Khalid Fahad Al Alawi, Assistant Undersecretary for Industrial Development at the Ministry of Industry and Commerce, headed the delegation of the Kingdom of Bahrain participating in the Caucasus Investment Forum 2024, which was held under the patronage of His Excellency Mr. Ramzan Akhmatovich Kadyrov, Head of the Chechen Republic, with the participation of more than 3,000 participants from more than 30 countries.

In his speech, Al-Alawi affirmed that the participation of the Kingdom of Bahrain in the forum reflects the depth of the strong bilateral relations between the two friendly countries, pointing to the fruitful results of the recent visit of His Majesty King Hamad bin Isa Al Khalifa to the Russian Federation, and Bahrain’s keenness to strengthen cooperation with the Chechen Republic in various fields.

Moreover, Al-Alawi pointed to the importance of enhancing investments through economic cooperation in promising sectors, especially in the industrial sector, which greatly intersect with the industries targeted in the industrial sector strategy (2022-2026) for the Kingdom of Bahrain, which include pharmaceutical and food industries, semiconductors, renewable energy and manufacturing industries in aluminum and petrochemicals, in addition to exchanging experiences and knowledge to push the dissemination of research, development and industrial innovation, and leveraging technology to meet challenges and encourage innovation to develop advanced and sustainable solutions that increase productivity of industries.