Foreign investment security lures new financiers to Bahrain
Steps taken by Bahrain's government to ensure security for foreign investment have made the island an attractive investment location, according to Bahrain's Industry and Commerce Minister, Dr. Hassan Fakhro.
Fakhro made the comments at the opening of Monday's Conference of Arab Businessmen and Investors, attended by some 300 leading Arab businessmen and investors, according to <i> Gulf Daily News</i>.
The two-day conference, held under the patronage of Prime Minister Shaikh Khalifa bin Salman Al Khalifa, is being held at the Gulf Hotel's Gulf International Convention and Exhibition Center and will focus on reviving private investment and means of promotion.
"The government has also enacted economic laws aimed at attracting foreign capital and guaranteeing safety and security desired by every investor," said Fakhro, who was chosen by Prime Minister Khalifa to open the conference.
"This makes Bahrain a promising investment oasis. We are proud of what we have achieved," he added.
Fakhro also explained that Bahrain's private sector has a large and important role to play in the economic development of Arab countries along with local governments.
"There should be joint co-operation and co-ordination between the two sides because of the challenges witnessed by the Arab countries as a result of investment and economic freedom in this changing world," he said, adding, "It is necessary for the governments and the private sectors in the Arab world to support the direction of Arab economic unity."