Bahraini-Egyptian economic relations, investment opportunities discussed

Manama, Dec. 25 (BNA): Chairman of the Bahrain Chamber of Commerce and Industry (BCCI), Sameer Abdulla Nass has received at Bait Al Tijjar the newly appointed Egyptian Ambassador to Bahrain, Yasser Shaaban. Abdulla Nass congratulated Shaaban on his appointment to his post, and wished him every success in his diplomatic duties. He reviewed the deep-rooted relationship between Bahrain and Egypt, and expressed readiness to cooperate with the embassy in all endeavours aimed at bolstering trade and investment between the two brotherly countries. BCCI chief commended the updated investment law of Egypt and hailed the strenuous efforts that resulted in reviving the economy and enhancing its attractiveness. He stressed the importance of holding events to raise awareness about the new investment law and keep potential investors informed about the major projects and investment opportunities in Egypt. He also called on the Egyptian business community to launch their businesses in the Bahraini, seize business opportunities, and benefit from the array of incentives given to foreign investors. He highlighted the advanced infrastructure, investor-friendly laws, and strategic location of Bahrain making it a favourable investment destination and a gateway to markets of the region. Ambassador Shaaban commended the fast-paced development in Bahrain, and the efforts of the BCCI to empower the private sector and support its expansion. He called on Bahraini investors and business owners to partner with their Egyptian counterparts and invest in the major national and service projects in Egypt. He also highlighted promising investment opportunities in the health, agriculture, tourism, and mining sectors. Also present at the meeting were Executive Bureau member Basim Al Saie; Chief Executive Officer Shaker Al Shater; and Deputy Chief Executive Officer Dr. Abdulla Al Sada.