Bahraini-Egyptian Business Forum to launch next Tuesday

The Bahraini-Egyptian Business Forum will kick off in Cairo next Tuesday, said Mohammed El-Sewedy, head of the Egyptian side of the Bahraini-Egyptian Business Council.

The forum will be held during a four-day visit by Bahraini King Hamad bin Isa Al Khalifa, and Zayed bin Rashid Alzayani, Bahrini Minister of Industry, Commerce, and Tourism to Egypt from 25-28 of April.

El-Sewedy added that the forum represents a good opportunity to promote cooperation between Egypt and Bahrain. It aims to explore the possibilities and areas of cooperation between the two countries with the objective of supporting intra trade and encouraging the private sector in Bahrain to implement joint projects in Egypt or both countries.

The official further added that last month witnessed an Egyptian delegation’s visit to Bahrain in order to strengthen trade, investment and economic relations between the two countries. The two delegations exchanged investments and held bilateral meetings between Egyptian businessmen and their Bahraini counterparts.

Bahraini investments in Egypt recorded US$81.4 million during the first half of the current financial year 2015/2016, representing a 7.5 percent of direct Arab investments in the North African country, according to the Central Bank data.