Petaling Jaya: The Embassy of Bahrain in Malaysia is stepping up efforts to introduce Malaysian investors to lucrative investment opportunities in Bahrain, as part of efforts to deepen bilateral trade and investment ties.
Bahrain’s strategic location at the heart of the Gulf region makes it an attractive gateway to the over US$2 trillion (RM9.3 trillion) Gulf Cooperation Council (GCC) market and the broader Middle East and North Africa market. It has become. Bahrain has excellent connectivity and is directly linked to Saudi Arabia via the King Fahd Causeway, giving it unfettered access to the GCC’s largest market with a rapidly growing consumer base.
Foreign companies and investors enjoy significant advantages when doing business in Bahrain.
Saudi Arabia is known for its competitive operating costs, favorable business environment, and progressive government. Bahrain offers high-yield investment opportunities for companies looking to expand into the region, supported by a favorable tax environment and business-friendly policies that allow 100% foreign ownership in most sectors.
Bahrain’s business-friendly environment, with zero corporate and income taxes, 100% foreign ownership in most sectors, and initiatives such as the Golden License, makes it attractive for large investment projects from foreign and local companies. options, thereby promoting job creation. Promote growth and diversification of the national economy.
The ‘Team Bahrain’ approach champions close cooperation between the private and public sectors, creating an innovative and attractive investment environment for businesses to succeed. With a highly skilled, diverse and future-ready workforce of Bahraini nationals and a diverse international talent pool, Bahrain has established itself as a center of innovation and potential for global investors.
Rashad Farooq Al Sheikh, Charge d’Affaires of the Embassy of Bahrain in Malaysia, said: “Bahrain’s appeal extends beyond its strategic location. With over 4,000 years of history as a vibrant trading center, Bahrain is known for its hospitality, warmth and progressive mindset. It boasts a prosperous financial hub with the highest concentration of Islamic financial institutions in the region and has a highly skilled and bilingual workforce. Bahrain We wholeheartedly encourage potential investors looking to visit to experience the country first-hand.”
He further added, “Bahrain and Malaysia share strong cultural and economic ties, and both countries mutually welcome tourists and investors. Building on these strong trade ties, we We aim to welcome more and more tourists and investors and foster even stronger economic ties in the future.”
Bahrain’s Economic Recovery Plan was announced in 2021 in line with the Kingdom’s Economic Vision 2030 and aims to move the country from post-COVID-19 recovery to long-term sustainability. This involves the implementation of large-scale projects and initiatives across vital economic sectors, with a focus on high-impact non-oil sectors such as financial services, information and communication technology, manufacturing, logistics and tourism. The most important goal is to consolidate Bahrain’s position as a leading global economy.
Diplomatic relations between Bahrain and Malaysia were established on 25 November 1974 at ambassadorial level. This was followed by a number of high-level visits and memorandums of understanding across various sectors such as Islamic finance, construction, and oil and gas.
The two countries enjoy strong trade and economic ties, with Malaysia exporting goods such as timber and furniture, while Bahrain imports aluminum and petroleum-related products. As of 2022, the total non-oil trade between Malaysia and Bahrain reached her USD 251 million.