Bahraini industry, commerce minister meets transportation, Central Bank

Minister of Industry and Commerce, Dr. Hassan Fakhro, today held a meeting with the Minister of Transportation, Acting CEO of the Economic Development Board Kamal Ahmed and Bahrain Central Bank's Governor Rasheed Al-Me'raaj, to discuss developments of the Commercial Companies Law, in the presence of the Undersecretary for Trade Affairs Nader Al-Moayyad and Assistant Undersecretary for Domestic Trade Hameed Rahma and two legal advisers of the Ministry of Industry and Commerce. Dr. Fakhro stressed the government's keenness to issue the law for commercial companies or amend a number of existing legal items, in order to strengthen the Kingdom of Bahrain's legislative system. He pointed out to a number of international companies that have started to work towards the development of economic projects and opening branches in Bahrain, for the favorable environment and broad investment climate witnessed in the Kingdom of Bahrain. He stressed the need to strengthen coordination among all relevant government agencies and civil institutions to translate the leadership and government's policy in this regard. He pointed out the efforts of the Economic Development Board, Bahrain Central Bank and the Ministry of Industry and Commerce in the promotion and development of services to position the Kingdom of Bahrain at the forefront of States attracting international investments and large-scale projects. Ahmed and Al-Me'raaj praised the Ministry of Industry and Commerce's efforts in studying the laws of trade, industry and investment sector to constantly develop and promote them, as well as developing mechanisms to facilitate procedures in this vital sector.