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
More Finance & Capital Market Stories
- Lebanese insurer to head Prague Club
- UAE's first REIT plans $135m IPO
- Bahrain banking industry outlook 'positive'
- New India Assurance opens Bahrain branch
- Qatar sets up mixed business incubator
- Kuwait budget spending up 8pc in April-Jan
- Thomson Reuters to host Mena IFR awards
- ADIB offers smartphone industry investment
- Gulf Finance House to start $3bn Tunisia project
- KFH completes ICT project upgrade
- Egypt urban annual inflation slows to 9.8pc
- BIBF signs deal with Palestinian institute
- Bahrain’s GDP set to expand 12pc
- KFH-Bahrain rebrands priority banking
- Bank Nizwa wins top Islamic bank award
- Qatar labour costs may jump: IMF
- Kuwait Q3 trade surplus hits $23bn
- Dubai trade growth up 7.6pc to $362bn
- Deloitte appoints new managing director
- Al Ramz tops UAE trading in Feb
- IFC in $150m loan deal with Bank Audi
- SME funding focus for Abu Dhabi forum
- Insurance House posts second year of profit
- ETF global assets hit record $2.44 trillion
- Bahrain firms plan IPOs
- Serbia wins $1bn Abu Dhabi loan
- Key equity banker resigns from Saudi Fransi
- DMCC to boost Islamic commodity trade with tie-ups
- IDB, KIA units to invest in Morocco
- First Gulf to set up $1bn sukuk in Malaysia