Bahrain, Saudi Arabia Expand Industrial Trade in Bilateral Deal

Post by : Mina Rahman

Bahrain has signed a landmark agreement with Saudi Arabia aimed at increasing the flow of Bahraini industrial exports into the kingdom, according to the Ministry of Industry and Commerce.

The agreement forms part of joint efforts to implement the second phase of bilateral industrial integration initiatives, designed to enhance trade in national industrial goods between the two neighboring countries.

Industry and Commerce Minister Abdulla bin Adel Fakhro highlighted that the initiative marks the continuation of programs intended to strengthen trade in local industrial products. He emphasized that the step underscores the “deep and longstanding brotherly relations” between Bahrain and Saudi Arabia.

Fakhro also reaffirmed both nations’ commitment to expanding cooperation in economic and industrial sectors under the leadership of Saudi King Salman bin Abdulaziz Al Saud and Bahrain’s King Hamad bin Isa Al Khalifa.

The minister praised the Saudi-Bahraini Coordination Council, co-chaired by Saudi Crown Prince Mohammed bin Salman and Bahrain’s Crown Prince Salman bin Hamad Al Khalifa, for fostering bilateral coordination and supporting investment opportunities that contribute to the growth and prosperity of both nations.

“This agreement will enhance bilateral coordination across various sectors and create a favorable environment for promising investment opportunities that contribute to the development and prosperity of both countries,” Fakhro added.

The move is expected to facilitate the smooth flow of Bahraini industrial goods into Saudi Arabia, further strengthening economic ties and reinforcing the strategic partnership between the two Gulf nations.