Bahrain and UAE Strengthen Economic Ties at Business Forum
Manama,Bahrain – The Bahraini-Emirati Business Forum commenced today,signaling a deepened commitment to economic collaboration between the two nations. Senior officials and leading company representatives from both the UAE and Bahrain convened to explore opportunities and solidify partnerships across sectors of mutual interest. The forum underscores the strategic importance of the UAE-Bahrain relationship, notably in fostering trade and investment.
High-Level Participation and Strategic Vision
Dr. Thani bin Ahmed Al-Zyoudi, the UAE Minister of State for Foreign Trade, led a prominent Emirati delegation to the forum. In his keynote address, Dr. Al-Zyoudi emphasized that the forum occurs during a period of significant advancement in the brotherly relations between the two countries. He highlighted the progress of a enduring strategic partnership across various levels, especially in economic, commercial, and investment domains.
“These positive developments stem from the forward-looking vision and shared determination of both nations’ leaders to elevate relations to unprecedented heights,” Dr. Al-Zyoudi stated,referencing the frequent meetings between Sheikh mohammed bin Zayed Al Nahyan,President of the UAE,and King Hamad bin Isa Al Khalifa of bahrain.
Did You Know? The UAE and Bahrain share a long history of economic cooperation, with strong ties in finance, tourism, and real estate.
Trade and investment Growth
The non-oil trade between Bahrain and the UAE witnessed a ample increase of 23% in 2024, reaching 33.9 billion dirhams (US$9.2 billion). This growth continues a trend of robust trade relations, with an 11% annual growth rate recorded between 2015 and 2024, the fastest among the UAE’s Gulf trade partners, according to recent data from the UAE Ministry of economy.
The UAE has solidified its position as Bahrain’s second-largest commercial partner, accounting for 10.4% of Bahrain’s total global trade. Furthermore, the UAE ranks as the third-largest investor in Bahrain, holding 10% of the cumulative balances of direct investments in the Kingdom.
Bahrain’s Perspective and New Initiatives
Abdullah bin Adel Fakhro, Bahrain’s Minister of Industry and Trade, underscored the forum’s significance as a milestone in the established partnership between the two countries. He reaffirmed the mutual commitment to enhancing bilateral cooperation across diverse economic sectors.
Minister Fakhro emphasized that economic integration extends beyond the exchange of goods and investments, necessitating the activation of agreements and memoranda of understanding. he highlighted the recent memorandum of understanding on integration in the national added value programs “ICV,” which allows products manufactured in either country to be treated as national products in the other.
In a significant development,Minister Fakhro announced the inauguration of the Emirati investor center at the Bahraini Ministry of Industry and Trade headquarters,fulfilling the memorandum of understanding between the two nations.
Forum activities and Investor Support
The forum featured discussion sessions and presentations involving senior officials and business leaders from both countries. Bilateral meetings were also held between business leaders and representatives of major Emirati and Bahraini companies.
Dr. Thani Al-Zyoudi and his delegation visited the newly opened UAE Investor Center, where they reviewed the services provided to investors, including company establishment, partner additions, investment activity information, and comprehensive support for Emirati investors.
Faisal ahmed Saleh, Assistant Undersecretary for the Commercial Register and Companies in the Ministry of Industry and Trade in Bahrain, noted that the UAE investor center serves as a crucial resource for the over 1500 Emirati investors operating in various sectors within Bahrain.
Pro Tip: Investors looking to expand into Bahrain should explore the services offered by the UAE Investor Center for streamlined support and guidance.
Key Economic Indicators: Bahrain-UAE Trade
| Indicator | Value (2024) | Growth Rate (2015-2024) |
|---|---|---|
| Non-oil Trade | 33.9 Billion Dirhams (US$9.2 Billion) | 11% Annually |
| UAE Share of bahrain’s Total Trade | 10.4% | N/A |
| UAE Share of Direct Investment in Bahrain | 10% | N/A |
Evergreen Insights: Background, Context, Ancient Trends
The strong economic ties between Bahrain and the UAE are rooted in a shared history, cultural affinity, and strategic alignment. Both nations are committed to diversifying their economies and fostering innovation, making them natural partners for trade and investment. the Bahraini-Emirati Business Forum serves as a vital platform for strengthening these ties and exploring new avenues for collaboration.
Historically, both countries have benefited from their strategic locations and proactive economic policies.The UAE’s role as a global trade hub and Bahrain’s efforts to develop its financial and industrial sectors have created complementary strengths that drive bilateral growth.
Frequently Asked Questions
This section addresses common questions about the Bahraini-Emirati Business Forum and the economic relationship between the two countries.
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