Bahraini minister: We seek to attract foreign investments in 2014

Minister of Transportation, Engineer Kamal bin Ahmed, the Acting CEO of Economic Development Board (EDB), met with the officials of the overseas offices of EDB in U.S., U.K., Federal Republic of Germany, Japan, Republic of India and the Republic of China, at the headquarters of the Board. During the meeting, Minister of Transportation stressed the need to seek attracting foreign investments in 2014, in the vital sectors that are strongly concerned with the national economy of the Kingdom, in a way to strengthen business environment and creates more jobs for Bahrainis. Also, during the meeting, they discussed the action plan of the overseas offices for the year 2014, which kick off through developing a mechanism to reinforce the role of the overseas offices in attracting foreign investments to the Kingdom in the targeted sectors. They discussed the meetings held by the officials of the overseas offices with the diplomatic missions in the Kingdom and the states embracing such offices aiming at increasing cooperation between them next year. Meanwhile, the action plan for 2014 defined the map for international promotion tours the Board will carry out, which will include a number of international stations which form a great economic importance for the Kingdom like China, India, U.S. and other targeted markets, in a way to communicate with the business sectors in those states. Engineer Kamal bin Ahmed valued the role played by the overseas offices during the last period at the level of reinforcing the investment cooperation between the Kingdom and the states embracing such offices. Engineer Kamal also directed those offices to focus on increasing the attraction of more international trade delegations and missions to the Kingdom and brief them on the competitive advantages of Bahrain economy which is characterized with diversity and freedom. Engineer Kamal also directed those overseas offices to highlight the investment environment of Bahrain including the numerous opportunities that contributed in attracting major companies and world investors to benefit from that, in addition to the other factors like the qualified national manpower and low cost of living.