The President of the Bahrain Chamber, Samir Abdullah Nass, received at the headquarters of the Bahrain Chamber “Merchants House” the Minister Counselor and Head of the Commercial and Economic Affairs Department of the European Union Delegation in Riyadh, Dr. Thomas Jergensen, in the presence of the First Vice President of the Bahrain Chamber, Khaled Najibi, and members of the Bahrain Chamber’s Board of Directors, Bassem Al-Sa’i and Abdul-Wahab Al-Hawaj.
The meeting discussed the possibility of establishing a European Chamber of Commerce in Bahrain, which indicates a pivotal opportunity to strengthen strong cooperation between Bahrain and the European Union. Discussions also focused on areas of cooperation between the Bahrain Chamber of Commerce and Industry, the European Union, and the Gulf Cooperation Council countries, especially in terms of economic diversification, knowledge exchange, investment facilitation, and technology transfer, where both entities can benefit from each other’s strengths to promote sustainable economic growth and prosperity in the region.
Nass stressed the strong relations between the GCC countries and the European Union, especially since the Gulf Cooperation Council is the ninth largest trading partner of the European Union, with the volume of trade exchange reaching 174 billion euros in 2022. He pointed out that there are strong opportunities to enhance trade and investment between Europe and Bahrain. He highlighted the opportunities available for European companies to invest in many promising sectors in Bahrain such as finance, technology and renewable energy. Nass expected that the European Chamber of Commerce would contribute to strengthening bilateral relations and deepening economic cooperation between Bahrain and Europe, especially since the Bahraini private sector is keen to establish cooperative projects and partnerships with its European counterparts.
Source (Bahrain Chamber, Edited)
