Initiatives pledge to woo investors

A GROUP of leading businessmen has called for new initiatives to attract foreign investments in Bahrain.

Top businessman, Sameer Nass, said he is looking forward to a law regulating foreign investment that will protect the local market by encouraging foreign investors, who represent an added value to the national economy, contribute to technology transfer, provide job opportunities for Bahrainis, and inject money into the kingdom.

He was replying to a question by Akhbar Al Khaleej Editor-in-Chief Anwar Abdulrahman during a Press conference yesterday where he announced a revamped bloc, Tojjar 22, to run for the March 19 Bahrain Chamber’s board elections.

Mr Nass, who is the Chamber’s chairman, also called for new measures to support small and medium sized enterprises.

During the wide-ranging Press conference, Mr Nass revealed a list comprising 18 candidates, which includes eight new faces.

He reviewed the bloc’s electoral programme under the slogan “Sustainability and Growth” for the next four years.

These include 12 initiatives to protect the market that complement the government’s recovery programme, and 10 initiatives to achieve “sustainability and growth”.

Mr Abdulrahman described the bloc’s campaign promises as ambitious and asked Mr Nass how they plan to achieve them within a four-year term, particularly during the coronavirus pandemic times.

Mr Nass said the bloc will try to gain trust from the largest segment of industrial and commercial sectors, as it has proven its worth and success in representing them in the previous board.

The past four years witnessed the establishment of solid foundations within the chamber’s work protocols, which helped shape the country’s economic decisions as an influential partner.

Source: https://www.gdnonline.com/Details/1019898/Initiatives-pledge-to-woo-investors