On 13th October 2017 the event Bahrain: Gateway to the Gulf Region took place in Rome, at the Confindustria headquarters. Among those participating in the event there were Benedetto Della Vedova, Undersecretary of State for Foreign Affairs and International Cooperation; H.E. Dr. Domenico Bellato, Ambassador of Italy to Bahrein and his counterpart; H.E. Dr. Mohamed Abdulghafar, Ambassador of Bahrein to France and Italy. H.E. Dr. Bellato highlighted that in Bahrain Italian products are well-known and that the city of Muharraq has been chosen as the Capital of Islamic Culture 2018. H.E. Dr. Abdulghafar stated that there is a desire of both governments to cooperate and that the economic development goes hand in hand with the political one. He added that the Bahraini Embassy can help the Italian firms which seek information in order to do business in the country. H.E. Dr. Zayed Al-Zayani, Minister of Industry, Commerce and Tourism, stated that the Italian companies can generate know-how, competence and innovation. In Bahrain there is a liberalized economy and the country can serve as a window to the other countries of the Gulf. In fact, Bahrein has a good logistics (position and network) and it is the first country among the ones in the Gulf Cooperation Council to diversify its economy and also the bank sector plays a very important role.Then, H.E. Dr. Khalid Al-Rumaihi, Chief Executive of the Bahrain Economic Development Board (EDB), highlighted the strategic position of the country, which has easy access to the eastern province of Saudi Arabia and from which it is possible to reach the Middle east in about two hours. The Bahraini economy is the most diversified, compared to the other countries of the GCC, because it is not focused only on the oil production. The World Bank rated Bahrain as first country in capital investment. The economic liberalization increased and the foreign investments are almost fully free. It should be noted the absence of income and corporate tax. To conclude, it should be kept in mind that Italy and Bahrain share 40 years of bilateral relations and there are 182 Italian registered businesses. In the following years $32 billion will be allocated to invest in infrastructures (namely in industry and hospitality).
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