Bahrain Welcomes Regional, Global Investments

Bahrain Welcomes Regional, Global Investments

Bahrain's Minister of Industry, Commerce and Tourism Zayed bin Rashid al-Zayani welcomed all global and regional investments in his country.

Zayani met Sunday with the CEO and Managing Director of El-Sewedy Electric, Ahmed el-Suwaidi, in the presence of Egypt's ambassador to Bahrain Yasser Shaaban, and a number of company officials.

Zayani said that the government welcomes all businessmen and regional and global investments aimed at establishing various projects in Bahrain that would improve the national economy and enhance the role and image of the Kingdom as a trade and investment hub.

He pointed out that his country possesses a suitable investment environment, especially in light of the great facilities provided by the government to all national and foreign investors.

During the meeting, Zayani reviewed the bilateral relations between Bahrain and Egypt and the means to enhance cooperation in the economic, industrial and tourism fields. They also discussed all issues of common concern.

Bahrain's economy contracted by 8.9 percent year on year in the second quarter as the state suffered from restrictions to contain the coronavirus.

Hotel and restaurant activity declined by 61.3 percent compared to the same period a year earlier.

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