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The Bahrain Economic Development Board (EDB) recently signed a memorandum of understanding (MoU) with Confindustria Assafrica & Mediterraneo in the Italian capital, Rome.
It aims to boost cooperation between Bahrain and Italy in several key sectors including manufacturing, transport and logistics, financial services, tourism, ICT and start-ups and came as part of the visit by a high-level Bahraini business delegation to promote the investment opportunities in the kingdom.
The EDB road show was led by Zayed Alzayani, minister of industry, commerce and tourism, Khalid Al Rumaihi, chief executive of the EDB and Dr Mohammed Abdulghafar, Bahrain’s ambassador to France and Italy in addition to senior representatives from the private and public sectors.
Our sister newspaper The Gulf Daily News reported last Friday that three unnamed leading Italian firms plan to set up operations in Bahrain. The kingdom is currently home to more than 180 Italian commercial enterprises. Non-oil trade between the two countries was $367 million in 2016, a two per cent increase on the year before.
