A new agreement between the Kingdom of Bahrain and Hungary aimed at encouraging and protecting investment officially comes into force today, Monday, July 7. This agreement is part of the growing and close relationship between the two
TDT | Manama
Email : editor@newsofbahrain.com
A new agreement between the Kingdom of Bahrain and Hungary aimed at encouraging and protecting investment officially comes into force today, Monday, July 7.
This agreement is part of the growing and close relationship between the two countries, especially in financial, economic, and investment sectors. It opens new and sustainable opportunities for cooperation and helps drive forward promising investment projects that benefit both nations.
On this occasion, Engineer Nawaf Hashem Al-Sada, Assistant Undersecretary for International Cooperation at the Ministry of Finance and National Economy, highlighted Bahrain’s ongoing efforts to expand cooperation with countries around the world. He emphasized Bahrain’s commitment to attracting more foreign investment, supporting joint ventures, and creating quality opportunities for its citizens.
He noted that Bahrain has already signed more than 40 similar investment protection agreements, which provide important guarantees for investors—such as freedom to move capital, profits, and other returns in freely convertible currencies between both countries.
The agreement also ensures fair and timely compensation if an investment is expropriated for public interest, and outlines legal mechanisms for resolving disputes between investors and governments or between the two countries themselves. These measures are designed to build trust and ensure a safe, stable investment environment.
To explore Bahrain’s signed agreements, visit the Ministry of Finance and National Economy’s official website.
