His Excellency Mr. Abdulla bin Adel Fakhro, Minister of Industry and Commerce, affirmed that the United Kingdom is an important strategic partner to the Kingdom of Bahrain, stressing the necessity of enhancing joint cooperation in the fields of trade and investment through commercial exchange to achieve cooperation in developing competitive capabilities and trade and investment relations in multiple fields.
This came during a meeting between the Minister of Industry and Commerce, with UK's Minister of State in the Department for Business and Trade, Lord Dominic Johnson this morning, in the presence of the Undersecretary of the Ministry of Industry and Commerce Ms. Eman Ahmed Al-Doseri, and a number of senior officials from both sides.
The meeting discussed a number of issues of common interest and ways to develop and increase the volume of bilateral investments. The Minister stressed the Kingdom of Bahrain's keenness to enhance aspects of bilateral cooperation with the UK in all fields, pointing out the role the private sector in both countries can play, which contributes significantly to achieving common goals.
For his part, Lord Johnson praised the Kingdom's role as an important economic center in the region, expressing his desire to enhance bilateral cooperation between the two friendly countries and develop trade and economic relations in various fields
H.E. Mr. Abdulla bin Adel Fakhro, Minister of Industry and Commerce, confirmed that the historical relations between the Kingdom of Bahrain and the United States of America are constantly progressing, noting the importance of strengthening bilateral cooperation by joint visits and agreements.
This came during a meeting that gathered Mr. Abdulla bin Adel Fakhro, Minister of Industry and Commerce, with Qays Al Zubi, President of Amcham Bahrain, and a number of members of the Board of Directors, where a number of topics of common interest were discussed.
H.E. the Minister praised Amcham's pivotal role in strengthening trade and economic relations between the two sides, noting Bahrain's attractive investment environment and the privileges and facilities it provides to investors.
For his part Mr. Qays Al Zubi, President of Amcham Bahrain, appreciated for the continuous support of the Ministry of Industry and Commerce, stressing the importance of such meetings in enhancing economic cooperation. Al Zubi added: “This reflects our shared commitment to promoting an environment conducive to business growth and investment, which ultimately leads to the economic prosperity of the Kingdom of Bahrain."
H.E. Mr. Abdulla bin Adel Fakhro, Minister of Industry and Commerce, highlighted Bahrain's distinctive investment climate, noting the continuous developments of its ambitious economic and development strategies aiming towards a sustainable economy, which has contributed to attracting many international investments.
This came during a meeting between the Minister and Solomon Capital Group Chairman Mr. David Solomon, where they discussed a number of topics of common interest.
During the meeting, H.E. Fakhro praised the leading position of Solomon Capital Group, which is considered one of the most important global institutions in the field of providing financial, banking and investment services.
H.E. Mr. Abdulla bin Adel Fakhro, Minister of Industry and Commerce, stressed the importance of continuing to strengthen joint coordination between GCC countries to achieve common goals and aspirations, especially in exchanging experiences, training, research and development. Highlighting the role of the private sector as a major driver in the development process, by creating qualitative job opportunities and increasing investments.
This came during the consultative meeting between the Ministers of Commerce of the GCC countries, and the heads of federations and chambers, within the framework of the meetings of the ministerial committees of the GCC countries held in Salalah, Oman.
The meeting discussed topics on the agenda of the regular consultative meeting, in addition to reviewing the views of the ministers in this regard.
H.E. Mr. Abdulla bin Adel Fakhro, Minister of Industry and Commerce, praised the strength of coordination and interconnection between GCC countries, which contributed to supporting trade integration efforts and enhancing their economic position, noting the rapidly growing economic relations between the GCC countries and the United Kingdom.
His Excellency headed the delegation of the Kingdom of Bahrain participating in the sixty-fifth meeting of the Trade Cooperation Committee held in the Sultanate of Oman, which gathered members of the Trade Cooperation Committee, with the participation of HE Mr. Nigel Huddleston, Minister of State for Trade and Business in the United Kingdom, and in the presence of GCC Secretary General Jasem Mohamed Albudaiwi.
The meeting highlighted a number of topics of common interest, and ways to develop and increase the volume of investments between the GCC and the UK to achieve common goals and visions.
H.E. Mr. Abdulla bin Adel Fakhro, Minister of Industry and Commerce, affirmed that achieving comprehensive industrial development in the GCC countries is reflected in enhancing production efficiency and raising the quality of the industrial sector's outputs, and thus developing economic opportunities and increasing the sector's contribution to the GDP, and enhancing investment opportunities.
This came during His Excellency's participation in the opening of the first Gulf Industrial Exhibition in the Sultanate of Oman, in the presence of Their Excellencies the Ministers of Industry of the Gulf Cooperation Council countries, on the sidelines of the 51st meeting of the Industrial Cooperation Committee.
The Minister praised the exhibition's positive impact on participating Bahraini industrial companies, noting the exhibition's contribution to diversifying the joint work of the GCC's industrial sector.
For his part, Dr. Saleh bin Saeed, Undersecretary of the Ministry of Commerce and Industry of the Sultanate of Oman, delivered a speech where he noted the importance of the exhibition, and the role of Gulf inventors and factories in developing the GCC industrial sector.
The ceremony included an honoring of Gulf inventors and factories, including a number of Bahraini factories participating in the exhibition (Jassim Al-Zayani & Sons Factory, Crown Industries, Silent Power Renewable Energy Factory, Alba and KKC Industry).
HE Mr. Abdulla bin Adel Fakhro, Minister of Industry and Commerce, affirmed the Kingdom of Bahrain's commitment to enhancing cooperation with the GCC in various aspects to achieve mutual goals and aspirations, pointing to the pivotal role of the industrial sector in enhancing economic diversification and supporting local production.
This came as His Excellency headed the delegation of the Kingdom of Bahrain in the sixty-fifth meeting of the Trade Cooperation Committee, hosted by the Sultanate of Oman, with the participation of the GCC Ministers of Commerce, and GCC Secretary General Jasem Mohamed Albudaiwi, and the GCC Ministers of Industry. In the presence of the Undersecretary of the Ministry of Industry and Commerce, Ms. Eman Ahmed Al-Doseri, and the accompanying delegation.
The meeting discussed a number of topics on the agenda, which included a working paper on forming a permanent committee for investment, and a discussion of a number of GCC commercial laws, in addition to reviewing the memorandum of the General Secretariat on the work of committees within the Trade Cooperation Committee. As well as the latest developments on Free Trade Agreements with countries and international blocs.
H.E. Mr. Abdulla bin Adel Fakhro, Minister of Industry and Commerce, stressed the importance of strengthening cooperation partnership with the standardization bodies in the GCC countries, as he Headed the Kingdom of Bahrain's delegation in the fifth GCC meeting of the Ministerial Committee for Standardization Affairs.
The meeting was held this morning at the Millennium Resort in Salalah, Oman, with the participation of the GCC Ministers of Commerce, and GCC Secretary General Jasem Mohamed Albudaiwi, and the GCC Ministers of Industry. In the presence of the Undersecretary of the Ministry of Industry and Commerce, Ms. Eman Ahmed Al-Doseri, and the accompanying delegation.
The Minister pointed out that the gains and advantages that come through integration in various areas of standardization would contribute to supporting the Gulf economy by emphasizing the importance of imported and exported products that meet technical requirements and smart conformity assessment procedures, which preserve human health and safety and protect the environment, and contribute to facilitating intra-trade procedures between the GCC countries, and streamlining the passage of commercial products while following international laws and regulations.