The Bahrain Chamber of Commerce and Industry has praised the new agreement aimed at enhancing trade flow between Bahrain and Saudi Arabia. The deal marks a major step in deepening economic and industrial cooperation between the two nations. It comes as part of the second phase of the “Takamul” initiative, launched under the Bahraini-Saudi Coordination Council.
Chamber board members highlighted that the agreement will simplify customs procedures and lower export and import costs. It also aims to speed up goods movement between both countries. This, they noted, will support business growth and encourage a stronger trade partnership.
Waleed Kanoo, Deputy Secretary of Finance and Head of the Coordination Group of Sectoral Committees, welcomed the signing. He said it reflects the private sector’s vision for enhancing trade flow between Bahrain and Saudi Arabia. Kanoo added that the deal has received positive feedback from business circles, calling it a milestone for Gulf economic cooperation. He explained that it will make cross-border trade easier and faster, helping boost the overall competitiveness of Gulf markets.
Bassem Al Saie, a member of the Chamber’s Executive Office, stated that the agreement simplifies proof-of-origin procedures for industrial exports. This step, he said, supports greater integration between Bahrain and Saudi Arabia. He emphasized that such progress helps cut costs, saves time for traders, and expands export opportunities. Al Saie also mentioned that this initiative opens the door for small and medium enterprises to enter regional markets more easily. These businesses, he noted, form the backbone of both economies and deserve strong support.
The Chamber also expressed its commitment to working with the Ministry of Industry and Commerce to expand this cooperation. Plans include establishing clear mechanisms that simplify mutual exports, especially for small businesses.
Sawsan Abu Al-Hassan, another board member, described the deal as a turning point for regional trade. She explained that it enhances supply chain efficiency and encourages more investments across multiple sectors.
Meanwhile, Nawaf Al Zayani noted that the agreement showcases the depth of economic ties between both nations. He added that it aligns with their shared goal of enhancing trade flow between Bahrain and Saudi Arabia. The initiative, he said, will boost economic diversification, attract joint investments, and create new opportunities for growth.
This strategic agreement signals a new era of cooperation and development between Bahrain and Saudi Arabia, setting the stage for a stronger, more connected Gulf economy.
