ablcc_newsletter-December 2022

60 On 20 September 2022, the Arab-BelgianLuxembourg Chamber of Commerce hosted in their premises a meeting with HE Mr. Abdulla Al Doseri, Ambassador of Bahrain in Brussels, and a select group of Belgian and Luxembourg representatives and companies. This two-hour roundtable gave the attendees the opportunity to extend their knowledge on Bahrain, which is the 8th largest economy in theworld, andwhat makes it an ideal location for investment but also as a springboard to the MENA region. Bahrain enjoys a key geographical situation with seaports - one of which is only a few kilometers away from the Bahrain international Airport - and is linked to Saudi Arabia by the King Fahd Causeway. What is more, Bahrain is building a metro network that connects throughout Bahrain to the other GCC countries His Excellency Al Doseri presented the Bahrain economic landscape, which is among the most diversified in the GCC region, and offers businesses significant advantages such as, to name but a few, a sound banking system, no corporate taxes, and several mega projects that range from finance, logistics, and manufacturing to healthcare, wellness, and entertainment. Bahrain is a real estate location. The country is in the process of constructing 5 new cities. The Bahrain $30 billion recovery plan includes: Meeting between Belgian / Luxembourg institutions & Companies and the Ambassador of Bahrain in Brussels 20 September 2022

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