Sunday 24 June 2018

Bahrain to attract Scottish investment

Dubai, October 16, 2012

Bahrain is set to attract Scottish investments in information technology and food and beverages as the country's development board eyes greater presence in the region.

Talks are underway with Bahrain Maritime and Mercantile International (BMMI) to organise a food and beverages exhibition in Bahrain next month.

The Scottish Development International (SDI) has been heavily promoting itself at regional exhibitions to attract foreign investment and give Scottish companies a platform to enter the region.

At the ongoing Gitex Technology Week, the country hosted a pavilion in a massive marketing effort.

"Bahrain is very much on the radar," SDI account executive Sreenath Somanath told the Gulf Daily News, our sister publication.

"We have a food and beverage expo happening in Bahrain next month, which we're organising with BMMI.

"We're currently advising Scottish companies on a case-to-case basis, when they show interest in coming to Bahrain or expand into the larger Middle East.

"We're looking at avenues of inward investment and destinations that are interested in doing business with Scotland."

The main thrust area for Scottish companies coming to the region is energy but tourism, information technology and beverages are also being promoted.

"When we look at the Middle East, the key sector is obviously energy," he said. "Textiles and aviation are other sectors we're promoting through our office in Dubai," he added.

There are plans underway to open an office in Saudi Arabia to tap into the lucrative Gulf market.

"The Saudi market is different, if you have to completely explore the Middle East, you need to be based in Saudi.

"It is huge geographically and in terms of scope, it makes more sense to be based there rather than fly out all the time from Dubai.

"Qatar for instance, is somewhere we would like to be because of the infrastructural developments there," said Somnath.

The matured information and communication technology needed a platform on its own to showcase products and services, said SDI representative Mark Hanna.

"There are nearly 1,000 information and communication technology companies, employing a total of 100,000 people in Scotland," he said.

"We believe we have a unique offering, so we chose not to be part of the UK Pavilion. "Our branding strategy is much better and we're looking to do business in the region," he added.-TradeArabia News Service

Tags: Bahrain | investment | Scotland |

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