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Bahrain and Egypt to double trade to $1 billion in 2025
Initiatives include boosting direct flights, enhancing academic ties, and setting up joint customs facilities to ease trade and investment
Bahrain and Egypt aim to more than double their bilateral trade to $1 billion in 2025, up from $500 million in 2024, according to Finance and National Economy Minister Shaikh Salman bin Khalifa Al Khalifa. The target reflects a strong commitment to deepening economic ties and expanding trade opportunities between the two nations.
Shaikh Salman shared these plans during a press conference following the second meeting of the Bahraini-Egyptian Governmental Committee for Trade, Economic, Scientific, and Technological Cooperation.
He highlighted key initiatives such as expanding direct flights to improve passenger and cargo movement, strengthening academic partnerships, and setting up joint customs facilities to simplify trade and investment processes.
The ministers highlighted the need for industrial integration, infrastructure development, and sustainable economic growth to fortify supply chains and promote self-sufficiency through localized industries. This approach is expected to create jobs and diversify both economies.
Tourism development was a key priority, with plans to boost flight frequencies and enhance collaboration in financial technology and student exchange programs. Additionally, a business forum in Cairo was announced to strengthen ties between Bahraini and Egyptian business communities and attract new investments.
The forum will convene investors and stakeholders to identify opportunities for expanding trade and investment, reinforcing both nations’ commitment to sustainable economic growth. The minister reaffirmed Bahrain’s dedication to strengthening trade ties with Egypt, particularly in industry, digital services, and tourism.
The joint committee meeting, co-chaired by Shaikh Salman and Egyptian Deputy Finance Minister Ahmed Ashraf Kouchouk, addressed key sectors, including tourism, fintech, renewable energy, artificial intelligence, and investment opportunities.
Kouchouk emphasized Egypt’s commitment to deepening trade, investment, and technology partnerships with Bahrain. He also highlighted progress on the mutual recognition of the economic operator program, which aims to simplify foreign trade processes, lower costs, and boost Egypt’s economic competitiveness.
The initiative is set to reduce customs clearance times between the two nations, further facilitating trade and strengthening economic ties.
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