Export Bahrain achieves over $46m in two years

MANAMA: Export Bahrain has facilitated more than $46 million worth of exports covering 42 product and service categories to more than 45 markets worldwide.

A key initiative of Bahrain’s SME Development Board, the organisation has reported particularly notable results for the second year running, despite the challenging global economic environment amid the Covid-19 Pandemic.

Set up in November 2018, Export Bahrain has facilitated local businesses to go global and expand into international export markets, and has seen 48 per cent rise in exporters who entered new markets, where more than 23pc were first-time exporters and over 11pc represented service exports.

From January 2020 to November 2020 alone, exports valued at over $30m were reported targeting various international markets.

In line with Export Bahrain’s commitment to ensure that Bahraini companies embrace world markets, multiple sectors were assisted to export various product and service categories.

The exporters made significant progress expanding into 14 new markets around the world in 2020 including – GCC countries, Denmark, Ethiopia, Greece, Ireland, Palestine, Kenya, Lebanon, Mexico, Paraguay, Philippines, Portugal, Singapore and many more.

Export Bahrain is continuing to expand and diversify its suite of solutions to create an enabling environment for current and potential exporters.

Solutions offered by it are accessible to all businesses seeking to grow internationally and enable exporters through the export journey.

Amidst challenging times, Export Bahrain continues to create opportunities for SMEs and local businesses to diversify export destinations, promote national content development and maximise their success.

Additionally, it will continue to create new outlets, while building the right partnerships with key strategic entities, and business partners.

Industry, Commerce and Tourism Minister and SME Development Board chairman Zayed Alzayani stressed the importance of the organisation as a key support instrument for exporters in Bahrain.

“These results are a source of pride. Aligned with the national vision, Export Bahrain is supporting the development of a national export culture and these results are testament that the foundation for that culture is robust. Export development is a key priority for the kingdom and represents a clear opportunity to expand the footprint of Bahraini businesses internationally by providing the right solutions that will allow businesses of all sizes to tap into a global customer base. Moving ahead, Export Bahrain will continue to introduce and enhance a diversified portfolio of services and solutions that will accelerate the growth of exports with a drive to build on value, support economic growth, fuel innovation and reinforce the Kingdom of Bahrain’s position as a strategic global export hub by being a solution innovator,” added Mr Alzayani.

Export Bahrain director Safa AbdulKhaliq said, “We are continuing to ensure that our solutions cover all critical areas for businesses looking to go global by providing export solutions in insurance, shipping, logistics, deal facilitation, e-commerce, internationalisation, market information, and others. We are keen to showcase the ample opportunities available to all businesses in Bahrain that exporting is a necessity to fuel growth and for companies across all sectors to take advantage of our services and solutions to access new opportunities and accelerate their growth.”

“We have managed to develop a great deal of traction during the 2 years of operations with our customers reaching 45 markets across the globe but have many more exciting plans in the pipeline that will raise the bar even further. Moving ahead, we will further enhance our efforts to promote national exports and uplift the competitive capabilities of Bahraini businesses in global markets,” Ms AbdulKhaliq added.

 

Source: http://www.gdnonline.com/Details/897281/Export-Bahrain-achieves-over-$46m-in-two-years

 

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