Washington, DC: April 16 – (BNA): An event was held by the Embassy of the Kingdom of Bahrain in Washington, in cooperation with Harvard Business School Club of Washington DC, for the economic promotion of Bahrain.

The Embassy presented a comprehensive economic programme to highlight and promote the investment opportunities available in the Kingdom of Bahrain.

An introductory speech was presented by the Ambassador of the Kingdom of Bahrain in Washington, Shaikh Abdullah bin Mohammed Al Khalifa, on the investment climate in the Kingdom of Bahrain as well as the opportunities and facilities offered by the Kingdom’s government to foreign investors in various vital sectors.

The Ambassador’s speech was followed by Economic Development Board (EDB) representative in Washington, Nathan Regan, who spoke about the features of the economic environment in the Kingdom of Bahrain as one of the most important markets in the region, most importantly its strategic location that contributes to connect the investors and companies headquartered in Bahrain to the rest of the nearby major markets. This is in addition to the benefits from the Free Trade Agreement between the Kingdom of Bahrain and the US as well as other competitive incentives.

Michael Bonvino, the General Manager of the international company Hull, which is one of the American companies that has an office in the Kingdom of Bahrain, talked about the positive economic climate in the Kingdom that benefits their company among other American firms by opening an office in Bahrain to run their operations in the Gulf region. He also highlighted the incentives and support given to the company by all governmental and non-governmental organisations in the Kingdom.

Concluding the event, the head of Harvard Business School Club of Washington DC, Antonio Alves, thanked members of the embassy for hosting this important event that included the participation of chief executives and board members of major American companies as well as top officials in the banking sector from various states and other countries such as Portugal, who specifically attended in the event and learn about the investment opportunities in the Middle East region, particularly the Arabian Gulf. He affirmed that the event would further expand to result in visits to the Kingdom of Bahrain that will be arranged to meet with officials and study the possibility of opening branches and offices of a number of companies in the Kingdom.

A number of media organisations in Washington covered and published the event in various leading newspapers and magazines. Source: www.mofa.gov.bh

(IY)

I.Y

BNA 0857 GMT 2014/04/16