Industry, Logistics & Shipping

Bahrain, Israel eye private sector co-operation

Bahrain and Israel have expressed their desire to increase cooperation between the private sectors in the two countries and launch of joint projects.
 
This followed a meeting between Bahrain's Industry, Commerce and Tourism Minister Zayed bin Rashid Al-Zayani and Adiv Baruch, Chairman of the Board of Directors of the Israel Export and International Cooperation Institute (IEICI), and members of the Israeli economic delegation, currently on an official visit to Bahrain, said a Bahrain News Agency report.
 
Senior officials from the two countries attended the meeting, the first of its kind since the signing of the Declaration Supporting Peace between the Kingdom of Bahrain and the State of Israel in Washington on September 15, 2020.
 
The minister affirmed that such meetings and the economic developments witnessed by the two countries’ relations will pave the way for bilateral trade exchange and the consolidation of investment cooperation opportunities.
 
He pointed out that the meeting is a strategic beginning for bolstering cooperation between the two countries and achieving their common interests within the framework of peace between them, which will certainly contribute to the launch of many initiatives in various fields.
 
The two sides reviewed areas of cooperation and joint work, which will reflect positively on the economies of the two countries, especially in the commercial, industrial and tourism sectors.
 
They noted that the region will witness a major boom in various economic sectors, which will contribute to increasing trade exchange and attracting joint foreign investments.