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UAE-Bahrain Joint Higher Committee Strengthens Economic Ties

2024-11-24 21:44:48.210000

On November 24, 2024, H.H. Sheikh Abdullah Bin Zayed Al Nahyan chaired the 12th session of the UAE-Bahrain Joint Higher Committee in Manama, emphasizing the strong diplomatic and economic relationship between the two nations. Dr. Abdullatif Bin Rashid Al Zayani represented Bahrain at the meeting, which was attended by high-ranking officials from both countries [f830e210].

During the session, Sheikh Abdullah highlighted the robust ties supported by the leaders of both nations, Sheikh Mohamed Bin Zayed Al Nahyan and King Hamad Bin Isa Al Khalifa. The non-oil trade between the UAE and Bahrain exceeded $7.5 billion in 2023, showcasing the depth of their economic collaboration [f830e210].

Four Memoranda of Understanding (MoUs) were signed during the meeting, focusing on cooperation in civil aviation, financial policies, competitiveness, and government training. Additionally, an executive program for tourism cooperation was established, further solidifying the partnership between the two countries [f830e210].

This session comes on the heels of a trade mission involving over 25 Qatari companies to the UAE, organized by Qatar Development Bank's export promotion arm, Tasdeer, aimed at enhancing economic ties and exploring new investment opportunities [4df7a10d]. The growing economic cooperation among Gulf nations, including Qatar, the UAE, and Bahrain, reflects a strategic approach to bolster regional trade and collaboration in various sectors, including construction, technology, and tourism [4df7a10d].

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