Latest news with #BahrainChamberofCommerceandIndustry
Biz Bahrain
16-07-2025
- Business
- Biz Bahrain
Bahraini-Polish Economic Forum highlights joint investment opportunities
Samir Nass, Chairman of the Bahrain Chamber of Commerce and Industry (BCCI), underscored that the Kingdom of Bahrain offers a wide range of investment opportunities that Polish companies can benefit from, particularly in the sectors of trade, construction, tourism, transportation, engineering, banking, and financial services. He noted that Bahrain's strategic location positions it as a key gateway to the markets of the Gulf, the Middle East, Africa, and Central Asia. This came during his chairmanship of the Bahrain Chamber delegation participating in the Bahrain-Poland Economic Forum, hosted in the Lublin region with broad participation from senior officials and diplomats from both countries. Nass emphasised the importance of advancing bilateral relations and expanding economic and commercial cooperation, highlighting Bahrain's progress in economic diversification and its shift toward innovation, technology, and industry. He also pointed out that Bahrain's robust financial infrastructure is supported by the presence of over 400 offshore banks. Nass commended the professionalism and efficiency of the Polish people, noting the significant potential for joint cooperation, especially in areas such as food security, education, and advanced manufacturing. He called on business communities in both countries to actively participate in trade and economic events and to increase the number of joint forums to enhance cooperation opportunities. Jarosław Stawiarski, Marshal of the Lublin Voivodeship, commended the forum as an important step toward strengthening economic partnerships. He emphasised that the region boasts substantial resources in agriculture, industry, and academic infrastructure, making it an attractive destination for Bahraini investments. Dariusz Marek Jedlina, President of the Lublin Chamber of Commerce and Industry, underscored the forum's role as a platform for fostering economic dialogue and building sustainable partnerships between the private sectors of both countries. He expressed the Chamber's keenness to support any joint initiatives. Waleed Kanoo, Vice Treasurer of BCCI, emphasised the Chamber's role in empowering the private sector and enhancing its competitiveness. He pointed out that the Chamber's sectoral committees serve as the voice of the market and provide scientifically grounded recommendations based on economic data analysis. Board member Ahmed Al Salloom described the forum as a positive step toward strengthening bilateral relations, stressing that Bahrain serves as a strategic gateway for Polish goods and investments. He also highlighted the importance of cooperation in technology, renewable energy, and green hydrogen. Board member Dr. Waheeb Al Khaja stressed the significance of cooperation in higher education and scientific research, calling for the expansion of academic partnerships and the launch of joint programmes to develop human capital. Additionally, a senior official at the International Cooperation Centre at the Lublin City Office, noted that the region offers an attractive investment environment for Gulf investors. She mentioned incentives such as tax refunds of up to 70% for up to 15 years, as well as advanced infrastructure including a regional airport and Europe's largest dry port. The forum witnessed the participation of over 40 Polish companies that expressed interest in expanding their operations in the Gulf region. The Bahraini delegation included prominent business figures from the health, food, education, and technology sectors. The forum concluded with the signing of several memoranda of understanding, reflecting the mutual desire to enhance transcontinental economic partnerships and cooperate in the areas of food security, manufacturing, education, financial services, and technology. BNA(R)
Daily Tribune
03-07-2025
- Business
- Daily Tribune
Bahrain, Saudi business chambers discuss stronger youth entrepreneurship ties
The Chairman of the Bahrain Chamber of Commerce and Industry, Sameer Abdullah Nass, received a delegation from the Young Businessmen Council of the Eastern Province Chamber (Saudi Arabia) yesterday, to enhance cooperation among GCC chambers and foster the exchange of expertise. Nass underlined the strong fraternal and economic ties between Bahrain and Saudi Arabia and commended the council's role in encouraging youth innovation. He stressed that the Bahrain Chamber views entrepreneurship as vital to the private sector and actively supports the growth of small and medium enterprises (SMEs). He also noted improvements in the Chamber's sectoral committees, particularly through the use of performance indicators to measure outcomes and effectiveness. Chief Communications Officer Ebrahim Al-Tamimi gave an overview of Bahrain's economic and business ecosystem, including key entities such as the Ministry of Industry and Commerce, the Economic Development Board, Tamkeen, Bahrain Development Bank, and 'Export Bahrain,' among others. He highlighted the country's support systems for startups, funding, and international expansion. Abdulrahman Al-Afaleq, Chairman of the Eastern Province Business Youth Council, said the visit aimed to explore Bahrain's investment climate and build partnerships with Bahraini entrepreneurs. The council, which includes 50 members, seeks to inspire youth entrepreneurship and promote successful ventures. Ahmed Al-Sharaf, Business Development Director at Tamkeen, showcased the organisation's range of funding, training, and advisory programmes that support business growth and sustainability. The Saudi delegation also visited incubators run by the Bahrain Small and Medium Enterprises Development Society, where they reviewed mechanisms for supporting startups and encouraging innovation across different sectors.
Daily Tribune
24-06-2025
- Business
- Daily Tribune
Chamber Goes Nuclear
TDT| Manama Unleashes Bahrain's first research weapon A first-of-its-kind 'Business Lab' is being launched through a partnership between the Bahrain Chamber of Commerce and Industry and the Yusuf bin Ahmed Kanoo Award to turn academic research into real-world economic solutions. The initiative aims to bridge the gap between economic research and private-sector needs by testing the outcomes of studies in semi-practical settings before broader implementation. Officials say this marks a bold shift in Bahrain's business innovation landscape, where data and applied knowledge are increasingly becoming central to growth strategies. Tapping research potential Speaking at a meeting with the award's Board of Trustees, Chamber Chairman H.E. Sameer Abdullah Nass said the lab will help align scientific research with market realities and national priorities. H.E. noted the Kanoo family's long-standing role in supporting knowledge-based initiatives and praised the award for promoting research excellence in strategic sectors. H.E. added that the Chamber has, over the past eight years, invested in building its internal research and analytical capabilities through a dedicated Studies and Initiatives Department and the launch of a Strategic Think Tank. These bodies aim to generate forward-thinking insights for the benefit of the private sector. Lab-based approach Among the proposed initiatives discussed was the establishment of a joint Business Lab to test research findings before they are scaled for national use. Also proposed was a new award sub-category focused on applied economic research offering practical, business-ready solutions. The meeting further discussed the idea of incentivising private-sector companies to fund or adopt relevant research outcomes by offering institutional recognition and media exposure as development partners. Bridging business, academia Other proposals included the formation of a joint coordination committee or digital platform to steer research toward Bahrain's top economic priorities. H.E. Nass emphasised the importance of integrating private-sector perspectives into research from the outset to ensure measurable and sustainable outcomes. The meeting was attended by Second Vice Chairman Mohammed Abdul Jabbar Al Koohji, Vice Treasurer Waleed Kanoo, and Board Members Yusuf Salahuddin and Sawsan Abu Al-Hassan. With Bahrain placing greater emphasis on innovation, data, and knowledge-based development, the Chamber's business lab proposal may set a precedent for public-private research collaboration across the region.
Daily Tribune
20-06-2025
- Business
- Daily Tribune
Bahrain builds Russia trade links
TDT | Manama Bahrain is positioning itself as the region's next re-export powerhouse, using its participation at a major Russian economic forum to court investment, deepen private-sector ties, and showcase its logistics edge to international partners. During his participation in the St. Petersburg International Economic Forum (SPIEF) 2025, His Excellency Sameer Nass, Chairman of the Bahrain Chamber of Commerce and Industry, said that promoting the national economy and enhancing international investments is a strategic priority for the Kingdom. H.E. underlined Bahrain's ambition to become a key re-export platform, citing its strategic location and advanced logistics capabilities as core advantages. 'Russia is an important partner for Bahrain,' H.E. Nass said, leading a Chamber delegation to the event, which drew over 20,000 global participants from 140 countries. 'Our bilateral ties continue to evolve, especially in sectors like manufacturing and technology transfer, where we see immense opportunity,' H.E. sated. Gateway ambitions H.E. Nass highlighted Bahrain's plans to repurpose its logistics strength into a regional re-packaging and distribution centre. His Excellency emphasised the potential for joint ventures between Bahraini and Russian firms to create competitive advantages in diversified industrial sectors, supporting the Kingdom's broader vision of economic diversification. The Chamber, H.E. added, is intensifying its efforts to form durable global partnerships that support Bahrain's position as an investment-friendly business hub and attract new capital into fields such as technology, manufacturing, and trade logistics. Private-sector diplomacy The Chamber's First Vice Chairman, Khalid Najibi, who also chairs the Bahraini side of the Bahrain-Russia Business Council, said the SPIEF platform is being used to connect private sectors across both countries. 'We're promoting Bahrain's business environment and exploring new strategic alliances,' he noted, pointing to the forum as an opportunity to unlock joint investment projects and expand private-sector cooperation. Najibi said particular attention is being given to SMEs and emerging Bahraini enterprises that stand to benefit from direct engagement with Russian counterparts. SME spotlight Board Member Ahmed Al-Saloom reinforced the Chamber's focus on the small and medium-sized enterprise sector, calling it the foundation of Bahrain's commercial structure. He praised the forum for offering SMEs visibility on a global stage and access to new foreign market opportunities. He credited the Government, led by His Royal Highness Prince Salman bin Hamad Al Khalifa, Crown Prince and Prime Minister, for prioritising SME development within the Kingdom's economic growth strategy. As SPIEF continues to serve as a global marketplace for strategic partnerships, Bahrain is using the platform to shift its trade model toward high-value re-export services, forging new business pathways in a changing global economy.
Daily Tribune
20-05-2025
- Business
- Daily Tribune
Bahrain Chamber discusses boosting trade, investment with Argentina
Mohammed Abdul Jabbar Al-Kooheji, Second Vice Chairman of the Bahrain Chamber of Commerce and Industry, received Hernan Batinic, Deputy Head of Mission for Economic Affairs at the Embassy of the Argentine Republic in Riyadh, at the Chamber's premises yesterday. The meeting focused on enhancing bilateral cooperation between the private sectors of Bahrain and Argentina, with an emphasis on increasing trade volume and exploring new opportunities in key sectors such as education, financial technology (fintech), and food industries. Al-Kooheji, the second Vice Chairman, described Argentina as an important market with strong export potential, highlighting growing interest among Bahraini business leaders in forming partnerships with counterparts in South America—particularly in value-added sectors. Batinic affirmed Argentina's interest in deepening economic ties with Bahrain, stressing his country's readiness to provide all necessary support to strengthen trade and investment relations between the two nations.
