German group in Bahrain investment push
Manama, October 23, 2013
A German-Arab Friendship Association (DAFG) delegation is currently on a two-day visit to Bahrain to discuss investment and co-operation opportunities with both Bahraini businessmen and the public sector.
The delegation includes 11 participants representing various German industrial sectors including optics, engineering, metal and electrical industries as well as representatives of German academia.
The visit is in co-operation with the Confederation of Baden-Wuerttemberg's Employers' Associations, the Bavarian Business Association and the Berlin Chamber of Commerce and Industry, reported the Gulf Daily News, our sister publication.
During a meeting hosted by Tamkeen at its premises yesterday, the Economic Development Board (EDB) made a presentation to the delegation on the kingdom's investment environment and competitive advantages.
EDB officials showcased key characteristics including the diversified and free economy, flexible policies, and high international ranking in leading global competitiveness indices.
A presentation on Tamkeen's programmes and initiatives, including financing and consultations, supporting enterprises, detailed the kingdom's Economic Vision 2030.
The plan aims at making Bahrainis to become the first-choice of employers and support the private sector to become the engine of growth for the country.
The presentation also highlighted a number of programmes designed by Tamkeen to improve productivity, creativity, and innovation in the private sector.
The delegation also visited the Bahrain International Investment Park.
The trade volume between Bahrain and Germany was $542 million in 2011, the report stated.
Aluminium made up to 73 per cent of the kingdom's exports to Germany, whereas cars accounted for up to 34 per cent of the kingdom's imports, with machinery, chemicals and food items also being imported.-TradeArabia News Service