TDT | Manama
The Daily Tribune – www.newsofbahrain.com
The investment climate in Bahrain was described as “attractive” and “encouraging” by business owners and investors at a recent meeting of the Bahrain-Bosnia Friendship and Business Association -Herzegovina.
They also pointed out that the total value of Bahraini investments in Bosnia and Herzegovina has now reached more than $ 200 million.
The comments came as the President of Bahrain and Bosnia and Herzegovina for friendship and business firm BBHS, Jawad Al-Hawaj, hosted a dinner meeting last Thursday evening in Al-Hawaj Gardens. Al-Hawaj presented BBHS ‘work plan and revealed plans for a Bahraini week in Bosnia and a Bosnian week in Bahrain.
“These meetings would be an opportunity to shed light on many aspects of cultural and artistic cooperation and to highlight opportunities for joint investment,” he added. He also underlined the crucial role of the direct air link between Bahrain and Bosnia, adding that “there are more than 20 Bahraini companies doing business in the Bosnian capital Sarajevo, especially in the real estate sector”.
Al-Hawaj also said he expects Bahrain to welcome more Bosnian businesses next year. Bahrain-Bosnia-Herzegovina Vice President for Friendship and BBHS Business Company Riyad Yousuf said the company is seeking an incubation environment in Bahrain to attract and launch Bosnian investments in the Persian Gulf and the Arab region. He also highlighted Bahrain’s many advantages, including its strategic location. “It motivates all investors to develop their businesses through it,” he added.
The president of the media and public relations committee of the Bahrain-Bosnia-Herzegovina Friendship and Business Association, Suheir Bukhammas, and the president of the society’s women’s committee, Badriya Abdul Rahman, were in attendance.