Nas: $ 3.9 billion in the volume of trade exchange between Bahrain and Saudi Arabia in 2023

During his presidency of the Chamber’s delegation at the Saudi Bahraini Joint Business Council meeting:

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Nas: The Saudi Business Council will be held reflecting the efforts of the two countries towards sustainable economic integration.

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Nas: A noticeable development in strategic partnerships between the Bahraini and Saudi private sector.

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Nas: The establishment of a Bahraini Saudi company in the fields of building materials is a qualitative step towards achieving integration and sustainable development between the two brotherly countries.

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Samir bin Abdullah Nass, President of the Bahrain Chamber of Commerce and Industry, emphasized that the establishment of a joint Bahraini Saudi company in the field of building materials would enhance investment cooperation between the two brotherly countries in this vital and important sector, and would also achieve the strategic goals of Bahrain Economic Vision 2030 and vision Saudi Arabia 2030.

Nass said that the Bahraini -Saudi Business Council was compatible with the formation of a founding committee from both sides to study the feasibility of establishing the company.

Nass said: It is a qualitative step towards achieving integration and sustainable development between Bahrain and Saudi Arabia, stressing the importance of continuing to develop strategic partnerships and enhancing coordination between the Bahraini and Saudi Business Council in both countries.

Nass said: The fraternal ties and the established relations that bring together the Kingdom of Bahrain and its sister, Saudi Arabia, which are based on solid foundations and common situations that were proven by various historical stations, explaining that the continuation of the “Bahraini -Saudi” business council reflects the permanent and common endeavor to enhance Bahraini -Saudi relations and develop them to go to proceed It is a feet towards the desired integration in order to achieve the visions and aspirations of His Majesty King Hamad bin Isa Al Khalifa, the King of the Bed, and his brother, the Custodian of the Two Holy Mosques, King Salman bin Abdulaziz Al Saud, King of the Kingdom of Saudi Arabia.

On the sidelines of his participation in the work of the Saudi Bahraini Investment Forum, organized by the Economic Development Council and the Saudi Ministry of Investment in cooperation with the Bahraini -Saudi Business Council at the Dhahran Expo Center in the city of Dammam.

People praised the outputs of the Saudi Bahraini Business Council meeting, which was to set mechanisms that enhance trade and investment cooperation between the two brotherly countries, and indicating the importance of supporting bilateral cooperation, complementarity and joint coordination regarding them.

Stressing the need to build on what has been achieved to support common goals and meet the aspirations of development in both brotherly countries.

Nass explained the importance of the role of the Saudi Bahraini Business Council to improve the size and type of trade and investment relations, as statistics indicate that the volume of trade exchange amounted to 3.9 billion US dollars in 2023, in addition to that the Kingdom of Saudi Arabia is the fifth largest import partner for Bahrain and the largest export partner, pointing to The successes reached due to the historical and rooted brotherly relations between the two brotherly countries, which have been a bright model of complete integration and harmony in light of the common concern and the integration of visions between the leadership of the two brotherly countries, which was clearly reflected on economic and commercial relations.

Nass expressed the keenness of the Bahraini and Saudi private sector to contribute to consolidating the joint bilateral relations between the business community in both countries and upgrading them to broader horizons, leading to more integration and interdependence in a way that achieves the aspirations and common goals, indicating that the Bahrain Chamber believes in the importance of the role played by the Joint Business Council In increasing and continuing the growth of bilateral economic relations between the two sister kingdoms and enhancing work between the business sectors in all possible areas, especially in the construction and construction sector and other promising sectors, especially in light of the Kingdom of Saudi Arabia maintaining that it is the first commercial partner of Bahrain in the Gulf Cooperation Council countries, where it was The Kingdom of Saudi Arabia is the first commercial partner of Bahrain, as it is a large economic market for the Bahraini private sector to promote its goods and products.