Investor reforms Implementation to begin immediately following Saudi-Bahrain talks

 The Minister of Industry and Commerce, Zayed Al Zayani today announced that an investors office and a specialist team would be installed within the Ministry of Finance to provide services and procedural support for investors seeking to invest and operate in the Kingdom of Bahrain.
The new measure responds to directives from TRH the Crown Princes of Saudi Arabia and Bahrain, Prince Muhammad bin Nayef bin Abdulaziz Al Saud and the Crown Prince, Deputy Supreme Commander and First Deputy Prime Minister of Bahrain Prince Salman Bin Hamad Al Khalifa, following extensive bilateral discussions in Riyadh on 15 February 2017.
Testament to the long-standing legacy of cooperation between Saudi Arabia and Bahrain, the measure is one of a series of reforms due to be implemented in the near future, aimed at boosting economic productivity and private sector collaboration in both countries.
The next phase of implementation will include measures to allow investors from Bahrain and Saudi Arabia to directly invest in the financial markets on both sides of the border through locally-based stock brokers and using their personal bank accounts, as well measures to allow the dual listing of public companies in both countries.
Al Zayani noted the importance of these steps, and their potential to further strengthen the Kingdom’s investment environment while directly contributing to Bahrain’s future economic vision. The minister highlighted that these reforms are only possible due to strong leadership of both Kingdoms which has provided the foundations for significant economic success. 

Source: BNB