Manama: A joint statement was issued between the Kingdom of Bahrain and the United Arab Emirates on the entry into force of the Investment Promotion and Protection Agreement. The announcement marks a significant development in the economic relationship between the two nations.
According to Bahrain News Agency, the agreement, which took effect on Thursday, 8 May 2025, follows the completion of legal procedures by both countries. It aims to enhance investment cooperation, serving the interests of investors and supporting sustainable development goals. The agreement offers a legal framework that ensures protection for investments, guarantees fair treatment, and provides dispute resolution mechanisms.
The agreement also addresses developments in the digital economy, focusing on cooperation in digital trade, data protection, and cybersecurity. It aims to create a modern investment environment supporting digital transformation and economic competitiveness. His Excellency Shaikh Salman bin Khalifa Al Khalifa, Bahrain's Minister of Finance and National Economy, emphasized the importance of cooperation with the UAE, citing the strong relations between the two nations.
His Excellency Mohamed bin Hadi Al Hussaini, the UAE's Minister of State for Financial Affairs, highlighted the agreement as a milestone in Gulf economic integration, reflecting a response to regional and global economic changes. He stressed the need for continued coordination to ensure the agreement's objectives are met, enhancing economic competitiveness and opening new investment avenues.
The agreement is positioned as a foundation for expanding the strategic partnership between Bahrain and the UAE, facilitating capital flows and promoting a transparent investment environment. It reflects a shared vision for a diversified and innovation-driven economy.