Sunday 24 June 2018

Bahrain-UK trade ties set to grow

Manama, January 15, 2014

By Frances Leate

Trade between Bahrain and the UK is set to soar in the coming years, according to a top official.

It is expected to increase significantly in the run-up to the 200th anniversary of diplomatic relations between both countries in 2016, said a report in the Gulf Daily News (GDN), our sister publication.

British Ambassador Iain Lindsay predicted the boom as he officially launched the Great British Week at the Ritz-Carlton Bahrain, Hotel and Spa yesterday.

He said the week-long celebration would help to boost the economies of both countries by increasing trade and investment between them.

The event's importance has been emphasised by the attendance of the Duke of York Prince Andrew on an official visit.

"Great British Week is a major event, hopefully not once in a lifetime, but we haven't seen anything like this in Bahrain before," Lindsay told the GDN.

"Over the next two years, leading up to the 200th anniversary (of diplomatic relations), in July 2016, we will see a lot more events celebrating the strong bilateral relationship between Bahrain and Britain.

"But this is also a major opportunity for British businesses, particularly in areas such as airport expansion, oil and gas sectors and public transport and it is good to see British companies coming here and taking advantage of the many opportunities in Bahrain.

"Hundreds of British companies are already based in Bahrain and we are getting a lot of interest from companies that are new to Bahrain.

"I think British companies will do well here this year.

"With the growth levels we are seeing in Bahrain and opportunities that are clearly there, and these are not just paper opportunities, these are real opportunities, we will see an increase in Britain and Bahrain working together in business," Lindsay said.

Great British Week starts today and runs until January 22.

It aims to celebrate the strong and long-running bilateral relationship between Britain and Bahrain with more than 50 events and activities being organised by hotels, schools, social clubs, restaurants, supermarkets, malls and community groups.

There will also be tours of the island by a brand new London red double-decker bus, a new McLaren P1 supercar and a Union Jack mini.

As well as food, music and educational events to mark the week, Bahrain will be welcoming more than 200 delegates and exhibitors from leading British companies such as Rolls-Royce (Aero), BAE Systems and McLaren Automotive. - TradeArabia News Service

Tags: Bahrain | British | UK | Trade | grow | week |

More Finance & Capital Market Stories

calendarCalendar of Events