Malaysia, Bahrain reaffirm commitment on SMEs and industrial cooperation


KUALA LUMPUR, May 2 (Bernama) - Malaysia and Bahrain have reaffirmed their commitment to strengthening small and medium enterprises (SMEs) and industrial cooperation.

Minister of International Trade and Industry (Miti) Datuk Seri Mustapa Mohamed today met Bahrain Minister of Industry, Commerce and Tourism, Zayed R. Alzayani to discuss economic matters.

In a statement, Miti said both ministers acknowledged the huge potential in strengthening bilateral trade and investment ties, with further collaboration in the sectors of Information Communications Technology, banking and financial services, tourism, logistics, and manufacturing.

To date, there are five Bahraini companies with operations in the services sector in Malaysia.

At the same time, Malaysian companies have completed 14 construction projects in Bahrain worth RM4.02 billion and one ongoing project for RM1.213 billion.

Both ministers will sign later today, a government-to-government memorandum of understanding, to carry out mutually beneficial cooperation in the development of SMEs and industries.

The signing will be witnessed by Prime Minister Datuk Seri Najib Tun Razak and Bahrain''s King Hamad Isa Al Khalifa. -- BERNAMA