Bahrain Economic Development Board Opens Office in Hong Kong
(MENAFNEditorial) MANAMA, BAHRAIN - media OutReach - 1 September 2016 - The
Bahrain Economic Development Board (EDB) is pleased to announce the launch
of its Hong Kong office.
The Bahrain EDB is a government
organisation with overall responsibility for attracting foreign
investment into
the Kingdom of Bahrain and which works to enhance the quality of its business
environment. The EDB focuses on several economic sectors that capitalise on Bahrain's
competitive advantages. These sectors include
financial services,
manufacturing, ICT, tourism, logistics and transport. Dr. Simon Galpin, Managing Director
of the EDB, previously worked in Hong Kong for over 20 years and is an expert
in investment promotion. He is now visiting the region to promote the
activities of the new international office and meet with leading Hong Kong and
Chinese businesses. Bahrain's open business environment
has attracted international companies from around the world looking to access
the fast-growing Gulf Corporation Council's market, currently worth approximately US$1.5
trillion and expected to reach US$2 trillion by 2020. These
opportunities have led to investment from a number of high profile Chinese
companies, including Huawei and ChinaMex. Dr. Galpin said: "Economic ties
between the Gulf and East Asia are growing rapidly and this is reflected in the
interest we have seen from businesses in Hong Kong who want to access the
opportunities in the GCC market. "Our international offices are a
key part of our work at the EDB. They are a valuable source of advice and support
and provide a direct, on-the-ground point of contact with extensive local
expertise for overseas businesses interested in setting up in Bahrain. By
opening an office in Hong Kong we will be able to showcase the investment
opportunities that Bahrain has to offer directly to businesses and provide
information about Bahrain's many competitive advantages." Cheryl Wilson, newly-appointed Director of the Hong Kong office, also commented on its launch: "I am delighted to be
joining the EDB team as its representative in Hong Kong. "Hong Kong and Bahrain share many
similarities. Both are small but important markets, acting as gateways to the
large lucrative economies in their regions. They therefore have much to offer
one another and we aim to encourage close economic ties between our two
nations." Bahrain is located at the heart of
the Gulf and is connected directly to the GCC by sea, land, and air, with daily
flights to key urban centres. Bahrain also shares a 25km causeway with Saudi
Arabia, the largest market in the region. In addition to its strategic geographic location, Bahrain
is also ranked the freest economy in the Middle East by the Heritage Foundation's
2016 Index of Economic Freedom, has the lowest operating costs in the GCC,
along with a competitive taxation regime, and is home to one of the most highly
skilled bilingual local workforces. The EDB has international offices
in a number of countries, including China, India, the UK, the US, Germany,
Saudi Arabia and Japan. For
more information on the EDB and investing in Bahrain, please contact EDB Hong
Kong's Regional Director Cheryl Wilson on the following email
[email protected]/* */ or contact the Hong Kong office on +852
3575 9828. Company logo http://release.media-outreach.com/i/Download/5446 About the Bahrain Economic Development Board: The Bahrain Economic Development
Board (EDB) is a dynamic public agency with overall responsibility for
attracting investment into the Kingdom and supporting initiatives that enhance
the investment climate. The EDB works with the government
and both current and prospective investors to ensure that Bahrain's investment
climate is attractive, to communicate the key strengths, and to identify where
opportunities exist for further economic growth through investment. The EDB focuses on several economic
sectors that capitalise on Bahrain's competitive advantages. These sectors
include financial services, manufacturing, ICT, tourism, logistics and
transport.
For more information on the Bahrain
EDB visit www.bahrainedb.com; for information about Bahrain visit www.bahrain.com.
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