Ways of bolstering Bahraini-Moroccan economic relations discussed

Manama, Mar. 29. (BNA) – Chairman of the Bahrain Chamber of Commerce and Industry Khalid Abdulrahman Al-Moayyad has lauded the solid fraternal Bahraini-Moroccan ties. Speaking as he met today the Moroccan Ambassador to Bahrain Ahmed Rashid Khatabi, Al-Moayyad said that the private sector in Bahrain welcomed increasing cooperation with Morocco, which reached 102 million USD in 2011, calling for the need to activate trade and investment cooperation between Bahrain and Morocco for the common interests of the two brotherly countries. He expressed the Bahraini private sector's desire to develop mechanisms of cooperation between the two kingdoms, in light of the existing promising incentives and investment opportunities. He affirmed BCCI's interest in upgrading bilateral relations through activating the role of the private sector in boosting joint investments, and cooperating with the Moroccan Embassy here to promote the two countries' economic, trade and development sectors, highlighting Bahrain's incentives and attractive investment atmosphere. During the meeting, attended by BCCI board members and CEO, they discussed ways of consolidating economic relations with Morocco in many fields, including the recruitment of Moroccan experts and removing obstacles hindering bilateral trade such as the lack of direct flights linking the two countries. The Moroccan envoy lauded the solid political ties bonding the two kingdoms, in line with the Royal directives in this regard. He congratulated BCCI board members for their election, and wished them every success, praising BCCI's role in strengthening ties with his country. He pointed out that ways of bolstering bilateral economic relations and activation of joint agreements would be discussed in the meetings of businessmen from the two countries, noting that his country boasts distinguished opportunities for investors in all economic sectors. He said that his country had diversified its economic partners and developed its relations with GCC countries, lauding the incentives and facilities offered by Bahrain for investors. He stressed that increasing the volume of trade exchange required establishing a maritime route and restoring air flights between the two countries to facilitate the transport of persons and goods.