Bank of China has become the first Chinese bank to have presence in Middle East and North Africa region, with the opening of its representative office in the Diplomatic Area, Manama, on July 1.
Head of the Bank of China Representative Office, Guo Jingsi, said, “The Middle East is a key market, and is currently China’s fourth largest trading partner. We will be looking to develop the links between these two key emerging regions over the next few years, by promoting investment opportunities.”
One of the bank’s key goals in the region is to drive business and investment opportunities between China and the region.
Commercial exchange and investments between the two sides have increased significantly over the past two years as a result of China’s continuous export offensive worldwide and a drive by the GCC countries to find new markets for their petrochemicals, aluminium and other products. (menareport.com)
© 2004 Mena Report (www.menareport.com)
