Bahrain, Korea forum boost trade opportunities

Top brass business delegates from Bahrain and the Republic of Korea yesterday gathered for the ‘First Korea-Bahrain Business Forum’ in a bid to expand economic cooperation and investment between the two countries. The meeting held at Lotte Hotel, Seoul, Korea was held in the presence of 60 businessmen from both the countries.

Korean Embassy in Bahrain and the Ministry of Foreign Affairs of Korea in close coordination with Chambers of Commerce and Industry of both countries organised the forum. It is the first time that Bahrain’s economic mission made up solely of private businessmen visited Korea since the official visit of His Royal Highness Salman bin Hamad bin Isa Al Khalifa, Crown Prince of Bahrain in 2012 with a Bahraini business delegation.

Building on the momentum created by the agreement between the Korean Chamber of Commerce and Institute (KCCI) and the Bahraini Chamber of Commerce and Institute (BCCI) in 2012, yesterday’s forum offered a fresh opportunity for the two countries to further strengthen trade ties and jointly seek promising areas of future cooperation.

The forum also provided an opportunity for businessmen and businesswomen from both countries to exchange their views on future cooperation. Business to business meetings were also held after the forum. In 1975, Hyundai E & C won the Bahrain shipyard contract, which enabled Korea to win other tenders in the GCC countries.