Industry and Commerce Minister Dr. Hassan Fakhro confirmed Kingdom support for all efforts to diversify imports sources of goods and food products, in particular agriculture and livestock which will enhance food security of the Kingdom of Bahrain. He also stressed government’s keenness to expand Bahrain economic relations with global economic groups because of its effective role in raising economic growth levels.
This came during meeting the Secretary General of the African Union Ambassador John Shinkaiye, and in presence by a number of African Union Commission members, who are currently visiting the country.
At the beginning of the Meeting, the Minister welcomed African Union Commission members, alluding to government’s aspiration to strengthen economic ties and search for joint cooperation in trade and industry fields and considering the possibilities to benefit Bahrain from wealth of agriculture and animals that characterize African region. Dr. Fakhro noted in this context government’s aspiration to diverse imports sources for all products and to provide citizens and residents requirements.
In this context, Dr. Fakhro reviewed investment position in Bahrain and the great potential offered by the government of Bahrain to businessmen and major international companies, in addition to investment opportunities especially in the industrial sector. The minister also noted to the great facilities offered by the government to investors through legislation and regulations that provide security to establish investment institutions.
The Minister also drew the economic reputation enjoyed by the Kingdom of Bahrain at the present time and the growing role for the private sector and industrial zones and business services sector, in addition to the promising opportunities available at the present time, which in turn contributes to encourage more investors to take Bahrain as a location for their projects and investments in the region.
On their part, the delegation members expressed their admiration of progress witnessed by the kingdom of Bahrain, especially in light of economic openness pursued by the government.