Speaking to reporters after presiding over the third meeting of the council’s executive committee at the Bahrain Chamber of Commerce and Industry’s headquarters, head of the Saudi side Khalifa Al-Dosary said the businessmen are interested in making more investments in Bahrain.
“We sought detailed information with regard to investment opportunities in the field of transport, especially in the leasing of vehicles, as well as in water plants in Bahrain in the wake of the recent Saudi ban on exports of water,” Al-Eqtisadiah business daily, a sister publication of Arab News, quoted him as saying.
Al-Dosary said discussions were held about reopening the shipping route between Saudi Arabia and Bahrain connecting Manama and Alkhobar in addition to opening a wharf at the western port of Bahrain.
“We have also extended invitations to Bahraini businessmen to take part in the grand economic forum, scheduled to be held in Riyadh next year,” he said while stressing the need for further strengthening bilateral business and economic relations between the two countries.
Al-Dosary noted that there has been a steady growth in export and import activity between the two countries. He said all concerned government and private organizations and agencies in both countries are striving hard to take bilateral relations to new heights.
“There are about 896 Saudi joint stock companies in various fields such as travel, cargo, commerce and engineering. These companies can play a vital role in boosting bilateral business cooperation between Saudi Arabia and Bahrain,” he said while noting that the King Fahd Causeway plays a significant role in boosting the traffic of both people and goods between the two countries.
According to Al-Dosary, there are 315 companies with Saudi investments in Bahrain, in addition to 43 Saudi companies registered in the country.
