Bahrain EDB concludes visit to UK

Bahrain Economic Development Board (Bahrain EDB) concluded its five-day strategic visit to the United Kingdom. The visit concluded at the Newmarket July Festival, a part of Bahrain EDB's collaboration with the Rashid Equestrian and Horseracing Club (REHC). It also highlighted investment opportunities in Bahrain through a curated agenda of business meetings and roundtable discussions. The Newmarket July Festival race was attended by His Highness Shaikh Isa bin Salman bin Hamad Al Khalifa, Chairman of the Board of Trustees of the Isa bin Salman Education Charitable Trust, Chairman of the Board of Directors of the Labour Fund, and Chairman of the Rashid Equestrian and Horse Racing Club (REHC) High Committee¡ Noor bint Ali Alkhulaif, Minister of Sustainable Development and Chief Executive of Bahrain EDB, along with officials of Bahrain EDB and REHC. REHC sponsored three International Group races on the festival's opening day. Bahrain EDB, in collaboration with REHC, additionally hosted both existing and poten tial investors at The Bahrain Trophy at the Newmarket July Festival as part of its aftercare and strategic advisory services, driven by a commitment to retain, promote, and facilitate reinvestment within the Kingdom. The event provided a platform to connect and build strong relationships with high-net-worth companies and individuals and shed light on Bahrain's unique value proposition and attractive investment environment. Noor bint Ali Alkhulaif, the Minister of Sustainable Development and Chief Executive of the Bahrain EDB, expressed pride in collaborating with REHC. 'This partnership builds upon a longstanding legacy partnership with Newmarket Racecourse, underscoring Bahrain's commitment to further building upon its economic and commercial ties with the United Kingdom, " Alkhulaif said. 'We at Bahrain EDB are firmly dedicated to continuing to promote the Kingdom as a prime destination for investment across our target markets. Alongside the strategic meetings and events we hosted, the Newmarket July Fe stival has been instrumental in providing the opportunity to engage with companies in a vibrant atmosphere and highlight Bahrain's competitive advantages, business-friendly environment, and highly skilled talent pool,' she added. Yusuf Buheji, Chief Executive Officer at REHC, noted that the prestigious Newmarket July Festival offered the ideal platform for Bahrain to showcase its offerings to the global racing community. 'It enabled us to connect with likeminded people in the racing community and forgestrategic partnerships and collaborations with various international institutions and companies, which will serve to further develop the Kingdom's horseracing sector, as part of our far-reaching goals to cement Bahrain's international recognition as a leading horseracing and equestrian destination,' Buheji said. During the visit, Bahrain EDB hosted two pivotal roundtables attended by UK-based companies and investors. The first, titled 'The Future of Manufacturing - Investment Opportunities and Best Practices, ' was hosted in collaboration with Sovereign Strategy and highlighted investment opportunities primarily in the manufacturing sector, as well as in financial services and ICT sectors. The second event, held in partnership with City UK, focused on financial services under the theme 'The Talent Test: Attracting the Right Skills for the Future of Fintech.' Both events, attended by key stakeholders from Bahrain's public and private sectors, and senior representatives from key UK-based firms operating in Bahrain, in the likes of PWC Middle East, were critical for engaging with industry leaders and investors in the UK. REHC's partnership with Newmarket Racecourse extends back to 1991. It builds on a robust legacy of bilateral economic ties between the Kingdom of Bahrain and the United Kingdom that span over 200 years, underpinned by strong commercial and investment ties. Numerous leading UK companies, such as Unilever, Charles Russell, Deloitte, Ernst and Young, Standard Chartered, Trowers and Hamlins, HSBC, Re ckitt Benckiser, and Price Waterhouse Coopers (PWC), have established a presence in Bahrain. Source: Bahrain News Agency