Under the patronage of the Minister of Industry and Commerce, and in the presence of Assistant Undersecretary of Industrial Development Dr. Khaled Fahad Alalawai, and factory Chairman Mr. Hayel AbdulMueen Hakimi, Al-Taawon Foodstuff Factory was inaugurated in Salman Industrial City

Dr. Alalawi affirmed that Bahrain welcomes all investments that contribute to economic growth, and provides facilitations to enhance the Kingdom's investment position, according to the industrial sector strategy (2022-2026) within the economic recovery plan, which aims to increase the industrial sector's contribution to the GDP, and exports of national origin, and provide promising job opportunities for citizens.
 

Moreover, the Undersecretary praised the local industrial development that contributes to the diversification of food industries in the Kingdom of Bahrain, praising Bahrain's investment environment, and affirming efforts to promote local investments to serve the local, regional and global market.

For his part, Mr. Hayel Hakimi, Chairman of the Board of Directors of Al Taawon Foodstuff Factory, appreciated the support of Bahrain's Government, and the investment environment it offers, noting the role of the Ministry of Industry and Commerce in strengthening partnership with the private sector, which increases its contribution to the GDP and its support for the national economy.

H.E. Mr. Abdulla bin Adel Fakhro, Minister of Industry and Commerce, met Mr. Mohammed Mahfoodh Al Ardhi, Executive Chairman of Investcorp Bank, 

The Minister noted the government's efforts to diversify the base of the national economy by involving all vital sectors, which contributes to advancing economic development to achieve Bahrain's ambitious development goals.

Moreover, His Excellency pointed to the vital role of the banking sector in promoting commercial activity and raising economic growth rates in the Kingdom in general, which contributes to attracting and stabilizing investments and development projects.

H.E. Mr. Abdulla bin Adel Fakhro, Minister of Industry and Commerce, praised efforts of major industrial companies in Bahrain to enhance business and support national economy. During a meeting with Mr. Meshary Al-Judaimi, Chairman of the Board of Directors of Foulath Holding Company and Bahrain Steel

Moreover, H.E. praised the efforts made by national, regional and international companies based in Bahrain, which strengthen the national economy, and preserve Bahrain's economic reputation and its advanced position as a business and investment gateway in the region.

For his part, Mr. Al-Judaimi praised the government's support of various private sector institutions to expand the paths of economic development.

Minister Industry and Commerce, H.E. Mr. Abdulla Bin Adel Fakhro, received today Ambassador of the Italian Republic to the Kingdom of Bahrain, Paola Amadi.

Their Excellencies reviewed relations of friendship and cooperation between both countries and ways to develop them in various fields to serve mutual interests. Specifically in economic, Industrial and trade fields, noting facilitations provided by the Bahraini government to enhance the Kingdom's global role as a prominent investment center in the region.

H.E. Mr. Abdulla bin Adel Fakhro, Minister of Industry and Commerce, received Dr. Hashim Hussein, Head of the Regional Office of the United Nations Industrial Development Organization (UNIDO) for Investment and Technology in the Kingdom of Bahrain.

The Minister praised efforts of the (UNIDO) Investment and Technology, headed by Dr. Hashim Hussein, to attract investments to the Kingdom of Bahrain to strengthen its industrial base through partnerships and cooperation between local investors and their global counterparts, with a focus on the uses of advanced technology in industrial products.

For his part, Dr. Hussein, stressed that the UNIDO network promotes investment and technology in 8 countries, namely Bahrain, China, Germany, Japan, Russia, Italy and Korea. The Bahrain office provides a range of supportive services to entrepreneurs and investors extending from providing advice and information to establishing partnerships and financial and technological linkage, and then follow-up and assistance in the growth phase and new market launches.

H.E. Mr. Abdulla bin Adel Fakhro, Minister of Industry and Commerce, praised meetings between concerned authorities in Bahrain and the International Monetary Fund with the aim of discussing and reviewing economic developments in the Kingdom, pointing out that the Kingdom of Bahrain is moving at a steady pace towards achieving its development goals, noting the role played by promising sectors in driving growth, especially sectors supervised by the ministry.​

This came during the meeting between H.E. Mr. Abdulla bin Adel Fakhro, and members of the IMF mission, with the participation of Ministry officials, where they discussed several topics and exchanged views on the latest economic developments.

H.E. Mr. Abdullah bin Adel Fakhro, Minister of Industry and Commerce inaugurated the Global Entrepreneurship Conference, organized by the Bahrain Entrepreneurship Foundation, between the fifth and sixth of February, at the Four Seasons Hotel Bahrain Bay.

H.E. the Minister affirmed the Kingdom of Bahrain's support to entrepreneurs and SMEs development, adding that the Kingdom is keen to keep pace with the latest developments in the field of entrepreneurship, and to strengthen partnership between the public and private sectors to achieve the goals of Bahrain's Economic Vision 2030, indicating that the SMEs Development Council was formed with a plan based on five main pillars that facilitate the access of startups and SMEs to the necessary support and access to markets, by simplifying the business environment, developing skills, and promoting innovation with a total of 43 approved initiatives, up to 20 initiatives of which have been implemented so far.

For her part, Mrs. Feryal Abdulla Nass, Bahrain Entrepreneurship Foundation Chairman, stressed that this conference aims to achieve sustainability growth for SMEs, stressing the need for concerted national efforts, promoting a culture of creativity and innovation, and exchanging experiences in economic affairs, in a way that contributes to the development of the economy.

The Conference will include a first panel discussion with H.E. Mr. Abdulla bin Adel Fakhro, Minister of Industry and Commerce, H.E. Mr. Sameer Nass, BCCI Chairman, Mrs. Feryal Nass, Bahrain Entrepreneurship Foundation Chairman and several high officials. Around investment, access to finance in the world of innovative startups, global women leaders, innovative and sustainable media entrepreneurship, innovation and business opportunities, and a strategic direction towards digitalization.

The conference will also feature a number of entrepreneurs and speakers from all over the world to discuss business developments and entrepreneurship, invest opportunities in this field, and identify challenges and how to overcome them.

The Ministry of Industry and Commerce organized and held Bahrain Sports Day activities in the presence of H.E. Mr. Abdullah bin Adel Fakhro, Minister of Industry and Commerce, and a number of senior officials, invitees and employees of the Ministry of Industry and Commerce.

The events included many sports activities, medical examinations and medical awareness instructions to promote health and physical awareness and emphasize the importance of sports on general health.