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Saudi-Bahraini panel meeting discusses several initiatives aimed at boosting bilateral relations

Bynewshuntexpress

May 14, 2023
Saudi-Bahraini panel meeting discusses several initiatives aimed at boosting bilateral relations

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MANAMA — The Minister of Investment, Eng. Khalid Bin Abdulaziz Al-Falih headed the Saudi delegation at the meeting of the Coordination Committee for Investment, Environment, and Infrastructure, part of the Saudi-Bahraini Coordination Council, held in Manama, Bahrain.

The Bahraini side was headed by the Bahraini Minister of Transportation and Telecommunications Mohammed Bin Thamer Al-Kaabi and included representatives from both the government and private sectors.

The meeting discussed several initiatives aimed at strengthening bilateral relations, providing support for investment development, increasing trade and investment exchange, expanding the investment partnership, and reviewing investment opportunities in both countries.

The private sector was recognized as a significant partner in the development process, and both countries agreed to explore investment opportunities in vital sectors.

In addition, the Saudi-Bahraini Business Council was held on the sidelines of the Coordination Committee meeting, during which investment opportunities and ways to enhance intra-trade between the two countries were discussed.

The meeting also addressed issues related to common sectors of interest and agreed to strengthen cooperation between the Chambers of Commerce and Industry.

Meanwhile, Eng. Al-Falih held meetings with the Bahraini Minister of Finance and National Economy, Sheikh Salman Bin Khalifa Al Khalifa; the CEO of Bahrain Mumtalakat Holding Company, Sheikh Abdullah Bin Khalifa Al Khalifa; and the CEO of Bahrain Economic Development Board, Khalid Ibrahim Humaidan.

These meetings aimed to enhance economic and investment cooperation and integration between the two countries in areas of mutual interest.

Earlier, Bahrain’s Crown Prince and Prime Minister Prince Salman Bin Hamad Al Khalifa Al-Falih in Bahrain.

Al-Falih conveyed the greetings and appreciation of Custodian of the Two Holy Mosques King Salman and Crown Prince and Prime Minister Mohammed Bin Salman to the Bahraini leadership.

During the meeting, they discussed the bilateral relations between the two brotherly countries, areas of joint cooperation, and ways to enhance cooperation in the investment field. SPA

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