The gateway to the Gulf Co-Operation Council (GCC) countries in the Arabian Gulf, Bahrain will assist Vietnam’s business community in studying the prospects for investment, trade and commerce, with a presentation of all opportunities and incentives on offer from the Bahraini Government.
What began as the Bahrain-Malaysia Business and Friendship Society has since evolved to include the other ASEAN countries. The ASEAN Bahrain Council (ABC), established in September 2017, is an independent, non-political and non-profit association regulated by the Ministry of Social Affairs in Bahrain.
The ABC’s mission is to promote and strengthen trade, economic, tourism, and cultural relations between ASEAN nations and the Kingdom of Bahrain. It is also to enhance mutual consultative relations for the benefit of Bahrain and ASEAN countries, increase trade exchange, and strengthen trade partnerships between Bahrain institutions and ASEAN countries. The ABC also acts as the premier advocacy organization for Bahraini corporations operating within the dynamic ASEAN region.
“The idea of establishing the ASEAN Bahrain Council was put forward since the establishment of the Bahrain-Malaysia Business and Friendship Society,” said Mr. Shaikh Daij bin Isa Al Khalifa, Chairman of the ASEAN Bahrain Council. “The idea evolved to include Indonesia, Malaysia, the Philippines, Singapore, Thailand, Brunei, Vietnam, Laos, Burma, and Cambodia in ASEAN.”
April 6 was a historical moment for the Kingdom of Bahrain, as it marked the largest discovery of oil under the leadership of HM King Hamad bin Isa Al Khalifa. The new resource is forecast to contain highly significant quantities of tight oil and deep gas, dwarfing Bahrain’s current reserves. Bahrain’s Higher Committee for Natural Resources and Economic Security, chaired by HRH the Crown Prince, announced the discovery of a new tight oil and deep gas resource in the Khaleej Al Bahrain basin, located off the west coast of the Kingdom.
