Manama, Bahrain. The Cyprus Chamber of Commerce and Industry (Keve) said the Cyprus-Bahrain Business Forum held in Manama this week was a key step toward deepening bilateral business and economic cooperation. The forum was aimed at strengthening economic and entrepreneurial ties between Cyprus and Bahrain.
Forum organisers and participants
The forum was co-organised by Keve and the Bahrain Chamber of Commerce and Industry. The event brought together senior political and business figures, as Keve sought to position Cyprus as a strategic partner for Bahrain-based companies looking for regional and European expansion.
Opening remarks and Cyprus priorities
Opening remarks were delivered by President Nikos Christodoulides, Bahrain’s Minister of Industry and Commerce Abdulla Adel Fakhro, Bahrain Chamber of Commerce and Industry president Sameer Abdulla Nass and Keve president Stavros Stavrou.
“This business forum demonstrates the shared will of Cyprus and Bahrain to deepen their bilateral trade and political relations,” Christodoulides said. He said one priority of Cyprus’ upcoming Presidency of the Council of the European Union is strengthening economic and trade relations between the EU and Gulf countries, and that Bahrain is among the countries Cyprus intends to focus on in investments and business cooperation.
Bahrain minister highlights similarities
Fakhro said Cyprus and Bahrain share similarities as island economies with comparable GDP levels and strong reliance on services, tourism and technology. He said their strategic geographical location gives both countries an advantage as business hubs linking regions and markets, and added that the strong presence of Cypriot businesses at the forum reflected the intention of both countries to deepen economic relations.
What areas of business cooperation between Cyprus and Bahrain are you most interested in following?