The volume of trade between Egypt and Bahrain rose to $370 million in the first half of the current year, up 127 percent, compared with $162 million registered in the same period of last year, Bahrain's Ambassador in Cairo Hisham bin Mohammed Al-Jowder said on Tuesday. Speaking during the Egyptian-Bahrain Business Forum organized by the Egyptian Businessmen Association (EBA), the Bahraini ambassador said his country's exports to Egypt increased to $224 million. Bahrain's investments in Egypt have hit $3.2 billion directed to about 216 projects, he said.
In May, a delegation from Bahrain's ministry of industry and commerce visited Egypt and discussed establishing a direct trade axis between both countries to foster economic cooperation and increase inter-trade rates and joint investments in various fields, he said. He hailed efforts of the Egyptian government to lure foreign investors and remove obstacles facing them. Holding the Egyptian-Bahraini business forum reflects ties binding both countries in all political, economic, and social spheres as well as the keenness of the political leadership on boosting economic and trade relations at the international level, he said.