Bahrain mulls investment strategy rethink
Manama, September 18, 2013
His Majesty King Hamad's visit to China could trigger major changes in the way Bahrain attracts investment, said a report.
His Royal Highness Prince Salman bin Hamad Al Khalifa, Deputy King and Crown Prince, and His Royal Highness Prime Minister Prince Khalifa bin Salman Al Khalifa yesterday discussed the issue, the Gulf Daily News, our sister publication.
They praised the China visit which had added political and economic dimensions to Bahraini-Chinese relations.
They pointed out that the importance given to the King's historic visit by a great country like China reflects the prestigious position enjoyed by Bahrain in the international arena and testifies to the success of its efforts to build stronger relations with other countries, said the report.
The two leaders reviewed ways of increasing the kingdom's potential to attract investment in the light of this visit, urging a continuous and periodic review of adopted procedures for the sake of evaluating them and ensuring they are flexible, easy and meet the needs of investors and investing companies.
They called for new complexity-free mechanisms and procedures that encourage companies to launch their operations in Bahrain, calling for the need to take advantage of the experiences of developed countries with investment environments similar to that of Bahrain.
They also stressed the importance of increasing incentives, updating legislation and developing infrastructure to attract investments and consolidate the kingdom's position as a favourable destination for investments seeking success.-TradeArabia News Service