Cairo:Egypt and Bahrain are actively pursuing efforts to expand trade, increase investment, and enhance economic cooperation, as emphasized by Finance Minister Ahmed Kouchouk. These remarks were made during the third meeting of the Bahrain-Egypt Government Committee for Trade, Economic, Scientific, and Technological Cooperation, held in Egypt's New Capital, co-chaired by Kouchouk and Bahrain's Minister of Finance and National Economy, Sheikh Salman bin Khalifa Al Khalifa.
According to State Information Service Egypt, the meeting highlighted opportunities for expanding cooperation between the two nations, particularly through private sector investments in manufacturing, exports, and technology. Kouchouk advocated for increased Bahraini investments in Egypt's productive, financial, and technology sectors, alongside initiatives to facilitate trade and improve market access for businesses in both countries.
Kouchouk further noted the commitment of Egypt and Bahrain to address investment obstacles and transform existing bilateral agreements into projects that bolster economic growth. He also expressed Egypt's interest in exchanging expertise with Bahrain regarding public financial management, spending efficiency, and digital transformation.
Sheikh Salman bin Khalifa Al Khalifa, on his part, emphasized the need for closer economic cooperation and increased private sector participation in bilateral trade and investment. He also welcomed the agreement to organize the Bahrain-Egypt Business Forum regularly, aiming to foster partnerships between companies from both nations.
The meeting also delved into investment opportunities, joint projects, and cooperation in trade, science, and technology, with participation from senior ministers and officials from Egypt and Bahrain.