Thailand keen to boost investment in Bahrain

Thailand keen to boost investment in Bahrain

Thailand can play an integral role in boosting and investing in Bahrain’s ambitious tourism sector, stated a top envoy.Thai Ambassador Piyapak Sricharoen said his country is also keen to work in the areas of food security, medical tourism and further encourage Thai small and medium scale enterprises (SMEs) to expand in Bahrain – the natural gateway to the $1.4 trillion GCC market.“Bahrain and Thailand enjoy a special historic friendship and working on the economic agenda is one of my priorities here,” the diplomat told the GDN during an exclusive interview.“I will focus on Thai SMEs that now have the capacity to establish bases abroad, and especially encourage young Thai entrepreneurs to venture into the GCC market with Bahrain being the first point of entry due to its business-friendly environment.”Elaborating on the trade relations, the diplomat said the total two-way trade continues to show an upward trend from $350 million in 2020 to $419m last year, and $307m from January until August this year.“There is room for growth and we have received some good business inquiries so far this year,” said Mr Sricharoen.He added that Thailand’s exports are expected to grow, supported by the opportunity to export more agricultural and food