Bahrain to invest in energy, health

Published December 23, 2006

ISLAMABAD, Dec 22: Bahrain will invest in health, energy and manufacturing sectors in Pakistan, said Shaikh Salman bin Hamad Al Khalifa, Crown Prince of Bahrain, here on Friday.

“We are determined to invest in different sectors of Pakistan, including health, energy, tourism and housing sectors. We understand Pakistan is a great destination for foreign investors and our business community will explore these profitable opportunities,” said Shaikh Salman while addressing a conference held under the aegis of the Investment Board.

He said under the free economic policies of Pakistan, the private sector was being given more and more relaxations and facilities “which is a good omen”.

“Pakistan has tremendous manpower and technology whereas Bahrain has the investment, and we will join hands for the benefit of both Islamic states,” he said.

Shaikh Salman said Pakistan and Bahrain were facing similar problems for ignoring the importance of the private sector in the past. But from now on, the two countries would have to extend this partnership to reap better fruit, he added.

He also urged Pakistani businessmen to explore investment opportunities in Bahrain assuring all out cooperation from his government in this regard.

Federal Minister for Privatisation Zahid Hamid spoke of the opportunities for increasing investment and trade volume between Pakistan and Bahrain and said both sides should explore these opportunities. He stressed the need for bolstering mutual cooperation and said that exchange of trade delegations in this regard was important.—Online

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