Bahrain King's Kazakhstan visit to boost trade ties
Astana, April 14, 2014
Bahrain is all set to open new horizons in trade ties with Kazakhstan, as His Majesty King Hamad started his state visit to the country yesterday (April 13).
He is accompanied by a high-powered delegation comprising a deputy prime minister, senior ministers and businessmen, said a report in the Gulf Daily News (GDN), our sister publication.
His Majesty will hold talks with President Nursultan Nazarbayev and Prime Minister Karim Massimov on ways of strengthening bilateral relations.
The visit has been hailed as an excellent opportunity for Bahrain's private sector to explore booming and emerging markets. Consolidation of ties will also benefit the kingdom's plans to boost food security and open supply links to Kazakhstan's abundant metals.
His Majesty was welcomed on arrival by Kazakhstan's Deputy Prime Minister and Minister of Industry and New Technologies Asset Isekeshev, Ambassador to Bahrain Bakhyt Batyshev and senior officials. He received a guard of honour.
The King later cited facilities Bahrain offered to investors, including modern infrastructure, investor-friendly climate and streamlined legislations as he received at his residence in Astana Bahraini businessmen accompanying him.
He praised their role in promoting investment and setting up joint ventures.
They paid tribute to His Majesty, commending his string of successful visits abroad which provide them with opportunities to meet their business counterparts and strengthen economic co-operation.
His Majesty was earlier seen off at Sakhir Airbase by His Royal Highness Prince Salman bin Hamad Al Khalifa, Crown Prince, Deputy Supreme Commander and First Deputy Premier.
Meanwhile, economists and businessmen have hailed His Majesty's visit to Kazakhstan.
They describe it as an excellent opportunity for Bahrain's private sector to explore booming and emerging Asian markets.
Businessmen and merchants said that consolidation of bilateral economic co-operation between Manama and Astana would provide the kingdom with many basic things such as boosting food security and benefiting from Kazakhstan's abundant metals.
They expressed optimism regarding the outcome of the Royal visit which would be an exploratory trip for the delegation comprising businessmen and investors, especially as the Astana market is teeming with available investment opportunities in all sectors. They said they looked forward to attracting Kazakh investments into Bahrain.
BCCI first deputy chairman Othman Sharif said that opening into Asian countries would earn for Bahrain an economic advantage, especially as the Asian countries have many positive positions on matters and issues of mutual interest that are in common with Bahrain. - TradeArabia News Service