China Roadshow - Coverage in China

BAHRAIN DELEGATION ROADSHOW TO CHINA

CHINA COVERAGE REPORT

OCTOBER 23-31 2014

155 pieces of coverage generated to date in the tier 1 press and online media as well as three news broadcasts on national television.

TABLE OF CONTENTS Coverage List 4-13

Media Coverage 14-406

COVERAGE LIST

序号

日期

Publication

媒体名称

标题

1 Oct 31,2014 CBN TV

第一财经频道

Bahrain Delegation Roadshow in China Helps Chinese Companies Enter Gulf Market

巴林代表团来华路演助中企进入海湾市场

2 Oct 29,2014 Shenzhen SatelliteTV

深圳卫视

Bahrain-Shenzhen Economic Investment Forum and Enterprise Meeting was Held

深巴经贸投资论坛及企业对接会举行

3 Oct 29,2014 LeTV.com

乐视网

4 Oct 29,2014 S1979.com

深圳网络电视台

5 Oct 29,2014 szyj.gov.cn

深圳党员干部现代远程教育网

6 Oct 29,2014 V.youku.com

优酷

7 Oct 29,2014 Cutv.com

城市联合网络电视

8 Nov 3,2014 Shenzhen TV Finance Channel

深圳电视台财经频道

Bahrain Delegation Visited China

巴林代表团访华

9 Nov 3, 2014 S1979.com

深圳网络电视台

10 Nov 3, 2014 Cutv.com

城市联合网络电视台

11 Oct 28,2014 International Business Daily

国际商报

"One Belt One Road" Makes Investment in Bahrain More Attractive

“一带一路”成为巴林引资招牌

12 Oct 28,2014 Ce.cn

中国经济网

13 Oct 28,2014 Comnews.com

中国商务新闻网

14 Oct 28,2014 Xhby.net

新华报业网

15 Oct 28,2014 Shangbaoline.com

国际商报社专线

16 Oct 28,2014 Finance.china.com.cn

中国网财经

17 Oct 28,2014 Trade.ec.com.cn

中国国际电子商务网

18 Oct 28,2014 Econ.taiwan.com

中国台湾网

19 Oct 28,2014

Shandongipc.gov.cn

山东省人民政府驻北京投资促

进中心

20 Oct 28,2014 Jr18.com

巨人财经

21 Oct 28,2014 China Trade News

中国贸易报

Bahrain Business Delegation Visits China to Showcase New Investment and Cooperation Opportunities

巴林经贸代表团访华传递投资合作新契机

22 Oct 28,2014 Ccpit.org

中国国际贸易促进委员会

23 Oct 29,2014 Blog.sina.com.cn

北京贸促

24 Oct 30,2014 Tradow.com

贸易之窗网

25 Oct 29,2014 Chinatradenews.com.cn

中国贸易新闻网

26 Oct 28,2014 News.wcwone.com

微创网

27 Nov 04,2014 News.vlongbiz.com

威龙商务网

28 Oct 30, 2014 China Economic Herald

中国经济导报

Bahrain Kicks off Investment Surge in Infrastructure

巴林掀起基建投资热潮

29 Oct 30, 2014 Chinadevelopment.com.cn

中国发展网

巴林掀起基建投资热潮

30 Oct 23, 2014 Xinhua News Agency

新华社

Bahrain Supports China's Strategic Vision of "One Belt One Road"

巴林支持中国“一带一路”战略构想

31 Oct 23, 2014 Chinadaily.com.cn

中国日报网

32 Oct 23, 2014 Jfdaily.com

解放网 Bahrain Supports China's Strategic Vision of "One Belt One

33 Oct 23, 2014 News.163.com

网易新闻

34 Oct 23, 2014 Money.163.com

网易财经

35 Oct 23, 2014 Finance.ifeng.com

凤凰财经

36 Oct 23, 2014 Business.sina.com

搜狐财经

37 Oct 23, 2014 Fdi.gov.cn

商务部公共事务信息服务

38 Oct 23, 2014 News.dzwww.com

大众网

39 Oct 23, 2014 News.10jqka.com.cn

同花顺财经网

40 Oct 23, 2014 Jinfuzi.com

金斧子

41 Oct 23, 2014 Guba.sina.com.cn

新浪股吧

42 Oct 23, 2014 Xwuzi.com

斋堂新闻网

43 Oct 30,2014 Asia Pacific Economic Times

亚太经济时报

Bahrain Delegation Signs Five Agreements in Guangzhou Promoting Bilateral Economic and Trade Development

中国与巴林王国于广州签署五份协议以推动双边经贸发

44 Oct 30,2014 Ytbao.com.cn

亚太经济网

中国与巴林王国于广州签署五份协议以推动双边经贸发

45 Oct 28,2014 Gd.gov.cn

广东省人民政府

巴林王国代表团在穗签署 5 份协议以推动双边经贸发展

46 Oct 28,2014 Gzsdfz.org.cn

广州市地方志

中国与巴林于广州签署五份协议以推动双边经贸发展

47 Oct 28,2014 Zgcsol.com

中城在线

48 Oct 27,2014 Southcn.com

南方网

49 Oct 27,2014 j.news.163.com

荐新闻

50 Oct 28,2014 News.sina.com.cn

新浪新闻

Bahrain Delegation Signs Five Agreements in Guangzhou

巴林王国在穗签署 5 份协议

51 Oct 28,2014 News.163.com

网易新闻

52 Oct 28,2014 Gd.sina.com.cn

新浪广东

53 Oct 28,2014 News.hexun.com

和讯新闻

54 Oct 28,2014 Yuanqunews.cn

垣曲新闻网

55 Oct 30,2014 Tjzn.gov.cn

津粤信息网

56 Oct 28,2014 News.21cn.com

21CN 新闻

Bahrain-Guangdong Economic Investment Forum is Held in Guangzhou to Promote the Strategy of "One Belt One Road"

巴林-广东经济投资论坛在穗举行助推“一带一路”战略构

57 Oct 28,2014 News.163.com

网易新闻

58 Oct 28,2014 News.jcwb.com

金羊网

59 Oct 28,2014 0101m.com

北京联盟

60 Oct 30,2014 Yangcheng Evening News

羊城晚报

Bahrain Road Show in Shenzhen to Attract Investment

巴林王国企业来深招商

61 Oct 30,2014 News.163.com

网易

巴林王国企业来深招商

62 Oct 29,2014 Guangzhou Daily

广州日报

Province Leader Met with Guests from Bahrain

省领导昨会见巴林王国客人

63 Oct 29,2014 News.ifeng.com

凤凰资讯

64 Oct 29,2014 People.com.cn

人民网

65 Oct 29,2014 News.163.com

网易网

66 Oct 29,2014 News.eastday.com Province Leader Met with Guests from Bahrain

东方网省领导昨会见巴林王国客人

67 Oct 29,2014 News.xinmin.cn

新民网

68 Oct 29,2014 Chinadaily.com.cn

中国日报网

69 Oct 29,2014 News.sina.com.cn

新浪网

70 Oct 29,2014 News.sznews.com

深圳新闻网

71 Oct 29,2014 News.hexun.com

和讯网

72 Oct 29, 2014 Jfdaily.com Province Leader Met with Guests from Bahrain

73 Oct 29,2014 Kaixian.tv

汉丰网

74 Oct 29,2014 News.china.com.cn

中国网

75 Oct 29,2014 Tianjinwe.com

天津网

76 Oct 29,2014 Yangcheng Evening News

羊城晚报

Zhao Yufang Met with Guests from Bahrain

招玉芳会见巴林王国客人

77 Oct 29,2014 News.163.com

网易新闻

78 Oct 29,2014 Gmw.com

光明网

79 Oct 29,2014 Nanfang Daily

南方日报

Zhao Yufang Met with Guests from Bahrain to Enhance Communication and Cooperation between Guangdong and

Bahrain

招玉芳会见巴林王国客人粤巴合作进入加速发展阶段

新浪广东

Bahrain

招玉芳会见巴林王国客人粤巴合作进入加速发展阶段

81 Oct 29,2014 mzyfz.com

民主与法制网

Bahrain

招玉芳会见巴林王国客人加强广东与巴林的交流合作

82 Oct 29,2014 Gd.gov.cn

广东省人民政府

Bahrain

招玉芳会见巴林王国客人加强广东与巴林的交流合作

83 Oct 30,2014 Shenzhen Evening News

深圳晚报

Bahrain Delegation Visited Shenzhen and Held Business to Business Meetings with Local Enterprises

巴林代表团来深访问与深企“一对一”洽谈

84 Oct 30,2014 Shenzhen Economic Daily

深圳商报

Bahrain Delegation Visited Shenzhen for Business Opportunities

巴林王国来深寻商机

85 Oct 30,2014 Finance.qq.com

腾讯财经

Bahrain Delegation Visits Shenzhen for Business Opportunity

86 Oct 30,2014 News.topfo.com

中国招商投资网

87 Oct 30,2014 miit.ccidnet.com

赛迪网

88 Oct 30,2014 Shenzhen Special Zone Daily

深圳特区报

Shenzhen Signs MoUs with Bahrain

深圳与巴林王国签署合作备忘录

89 Oct 30,2014 Hexun.com

和讯网

90 Oct 30,2014 Gmw.cn

光明网

91 Oct 30,2014 Tianjinwe.com

天津网

92 Oct 30,2014 Tetimes.com

特网

93 Oct 30,2014 Edushi.com

E 都市

94 Oct 29,2014 China Business Herald Weekly

中国商报

Bahrain Delegation Held Investment Forum in Shenzhen

巴林王国来深举行经贸投资交流会

95 Oct 29,2014 Info.focus.cn

搜狐焦点

巴林王国在深举行经贸投资论坛及企业对接会

96 Oct 29,2014 City.shenchuang.com

深窗网

巴林王国在深圳举行经贸投资论坛及企业对接会

97 Oct 29,2014 Money.163.com

网易财经

Bahrain Delegation Visits Shenzhen Holding Economic Investment Forum and Enterprise Meeting

98 Oct 29,2014 Ccstock.cn

中国资本证券网

新浪广东

100 Oct 29,2014 Gw.com.cn

大智慧财经中心

巴林王国今日在深圳举行经贸投资论坛及企业对接会

101 Oct 29,2014 News.dayoo.com

大洋网

Bahrain “Dragon City” Helps Companies in Shenzhen Expand in Middle-East Market

“巴林龙城”助深企拓展中东市场

102 Oct 29,2014 Service.hc360.com

慧聪商业服务网

Bahrain “Dragon City” Helps Companies in Shenzhen Expand in Middle-East Market

103 Oct 29,2014 Life.21cn.com

21CN 生活

“Dragon City” in Bahrain Helps Companies in Shenzhen Expand in Middle-East Market

104 Oct 29,2014 House.cnfol.com

中金在线

105 Oct 29,2014 News.dayoo.com

大洋网

106 Oct 30,2014 Finance.chinatradenews.com.cn

中国贸易新闻网财经频道

107 Oct 31,2014 China.com.cn

中国网

108 Oct 30,2014 Stockstar.com

证券之星

109 Oct 30,2014 Chinacenn.com

中国企业新闻网

110 Oct 30,2014 Haiwainet.com

海外网

111 Oct 30,2014 Ycwb.com

金羊网

112 Oct 29,2014 j.news.163.com

网易荐新闻

113 Oct 29,2014 Yangtse.com

扬子晚报网

114 Oct 29,2014 Shenchuang.com

深窗网

115 Oct 30,2014 Huanqiu.com

环球网

116 Oct 29,2014 Chinadaily.com

中国日报网

117 Oct 31,2014 Cinic.org.cn

中国产业经济信息网

118 Oct 30,2014 Gb.cri.cn

国际在线

119 Nov 1, 2014 News.takungpao.com.hk

大公資訊

Bahrain Calls for Tenders for HKD 171.6 Billion Projects

巴林 1716 億元項目將招標

120 Nov 1, 2014 News.takungpao.com Bahrain Calls for Tenders for HKD 171.6 Billion Projects

大公資訊巴林 1716 億元項目將招標

121 Nov 3, 2014 News.takungpao.com.hk

大公資訊

New Member in CNY Offshore Centre This Week

人幣離岸中心今周添加國

122 Nov 3, 2014 News.takungpao.com

大公資訊

人币离岸中心今周添加国

123 Nov 3, 2014 Hainan.takungpao.com

大公网海南

124 Nov 3, 2014 Finance.takungpao.com.hk

大公财经

人幣離岸中心今周添加國

125 Nov 3, 2014 Hlzqgs.com

华龙证券

126 Oct 30, 2014 Asia Pacific Daily

亚太日报

Bahrain Delegation Visits Shenzhen and Signs MoUs

巴林王国来华掘金抵深签署备忘录

127 Oct 30, 2014 News 163.com

网易

128 Oct 30, 2014 Hexun.com

和讯网

Bahrain Delegation Visits Shenzhen

巴林王国来华掘金

129 Oct 30, 2014 Eeo.com.cn

经济观察网

130 Oct 30, 2014 Finance.ifeng.com

凤凰财经

131 Oct 30, 2014 Kkwwe.com

怀北新闻网

132 Oct 29, 2014 Economy.gmw.cn

光明经济

Bahrain Dragon City Provides Overseas Economic and Trade Platform for Small and Medium Enterprises

中小企业的海外经贸平台巴林龙城再造中东不夜城

133 Oct 28, 2014 News.dichan.sina.com.cn

新浪地产

134 Oct 28, 2014 Info.ceo.hc360.com

聪慧网

135 Oct 28, 2014 Yangtse.com

扬子晚报网

136 Oct 28, 2014 House.chinadaily.com

中国日报网

137 Oct 28, 2014 News.ycwb.com

金羊网

138 Oct 28, 2014 Info.cb.com

大洋网

139 Oct 28, 2014 News.dayoo.com

大洋网

140 Oct 28, 2014 Finance.china.com

中华网

141 Oct 28, 2014 Life.21cn.com

21 生活网

142 Oct 28, 2014 Ml.china.com

中国网

143 Oct 28, 2014 House.cnfol.com

中金在线

144 Nov 4, 2014 Xinhuanet.com

新华网

"One Belt One Road" Promotes Relationship Between China and Bahrain

“一带一路”助推中国与巴林关系全面提升

145 Nov 4, 2014 Shizheng.xilu.com

西陆网

146 Nov 4, 2014 Hbrc.com

博才网

147 Nov 4, 2014 Gov.cn

中国政府网

148 Nov 4, 2014 News。Jwb.com.cn

今晚网

149 Nov 4, 2014 Project.mofcom.gov.cn

商务部公共商务信息服务

150 Nov 4, 2014 Eastday.com

东方网

151 Nov 4, 2014 Tianxin.gov.cn

天心区公众信息网

152 Nov 4, 2014 Zgnx.gov.cn

南溪区门户网

153 Nov 4, 2014 Jhwcw.zjol.com.cn

婺城新闻网

154 Nov 4, 2014 World.workercn.cn

中工网

155 Nov 4, 2014 Hexun.com

和讯网

156 Nov 4, 2014 News.yzdsb.com.cn

燕赵都市报

CLIPPINGS

Publication CBN TV

Date Oct 31, 2014

Client EDB Bahrain

Summary:

Resource: CBN TV

As part of the strategy to build economic ties between China and Bahrain, a high-level business delegation form Bahrain,

known as the “Hong Kong of the Middle East,” embarked on a road show in China to help Chinese companies enter the

US1.6 trillion Gulf market. Mr. Miao Lin, Vice President of CHINAMEX, introduced the plan to build two to three Dragon City

developments in the next five years. HE Kamal bin Ahmed, Minister of Transportation and Acting Chief Executive of the EDB,

expressed the hope to attract investment from Chinese service and manufacturing companies.

“We want to encourage Chinese companies - especially those planning to expand into global markets - to develop in

Bahrain. Bahrain a doorway to the US1.6 trillion-Gulf market,” said HE Kamal bin Ahmed.

“We are negotiating with Sinosure about cooperation. For example, we can offer 70% financial service for goods with a 20-

day turnover period, meaning that when clients are delivering or manufacturing and put down a cash deposit, we can

guarantee the deposit. We can provide a guarantee until the products are sold and return the money to the financial

agency,” explained Miao Lin.

CLIPPINGS

Publication Shenzhen Satellite TV

Date Oct 29, 2014

Client EDB Bahrain

Summary:

Resource: Shenzhen Satellite TV

Bahrain is the financial center of the Gulf region. The Bahrain-Shenzhen Economic Investment Forum and Enterprise Meeting took place in Shenzhen today, organized by the China Council for the Promotion of International Trade (CCPIT) Shenzhen Branch and the Bahrain Economic Development Board (BEDB). The CCPIT Shenzhen Branch and the BEDB signed an MOU on long-term cooperation in commercial investment, information exchange, business incubation, and ten other areas. “Bahrain recognizes the foreign investment potential of Shenzhen companies. As an important ‘One Belt, One Road’ location, Bahrain also represents a gateway for Shenzhen to enter the Middle East and GCC markets,” said Mr. Tao Yongxin, Associate Director of CCPIT Shenzhen Branch. Huawei has established their Middle East Headquarter in Bahrain. Shenzhen and Bahrain will have more opportunities to cooperate in financial services, infrastructure construction, investment and trade, agriculture, fishing, and tourism. “Our Mumtalakat and Superannuation Fund as well as private enterprises are all exploring the investment opportunity in China. We want to attract more Chinese companies - especially those planning to expand into global markets - to develop in Bahrain. Bahrain represents a gateway to enter the US1.6 trillion-Gulf market,” said HE Kamal bin Ahmed, Minister of Transportation and Acting Chief Executive of the EDB. Dragon City, a large Chinese mall, is currently under construction in Bahrain. Companies, including the Shenzhen Mobile Communication Association, have signed MOUs to enter this mall. More than 200 companies have discussed the project. Mr. Chen Biao, Deputy Mayor of Shenzhen, met HE Kamal bin Ahmed, Minister of Transportation, to talk about opportunities for economic and trade cooperation.

CLIPPINGS

Publication LeTV.com

Date Oct 29, 2014

Client Bahrain EDB

Transcript:

Bahrain is the financial centre of the Gulf region. The Bahrain-Shenzhen Economic Investment Forum and Enterprise Meeting took place in Shenzhen today, organized by the China Council for the Promotion of International Trade (CCPIT) Shenzhen Branch and the Bahrain Economic Development Board (BEDB). The CCPIT Shenzhen Branch and the BEDB signed an MOU on long-term cooperation in commercial investment, information exchange, business incubation, and ten other areas. “Bahrain recognizes the foreign investment potential of Shenzhen companies. As an important ‘One Belt, One Road’ location, Bahrain also represents a gateway for Shenzhen to enter the Middle East and GCC markets,” said Mr. Tao Yongxin, Associate Director of CCPIT Shenzhen Branch. Huawei has established their Middle East Headquarter in Bahrain. Shenzhen and Bahrain will have more opportunities to cooperate in financial services, infrastructure construction, investment and trade, agriculture, fishing, and tourism. “Our Mumtalakat and Superannuation Fund as well as private enterprises are all exploring the investment opportunity in China. We want to attract more Chinese companies - especially those planning to expand into global markets - to develop in Bahrain. Bahrain represents a gateway to enter the US1.6 trillion-Gulf market,” said HE Kamal bin Ahmed, Minister of Transportation and Acting Chief Executive of the EDB. Dragon City, a large Chinese mall, is currently under construction in Bahrain. Companies, including the Shenzhen Mobile Communication Association, have signed MOUs to enter this mall. More than 200 companies have discussed the project. Mr. Chen Biao, Deputy Mayor of Shenzhen, met HE Kamal bin Ahmed, Minister of Transportation, to talk about opportunities for economic and trade cooperation.

CLIPPINGS

Publication S1979.com

Date Oct 29, 2014

Client Bahrain EDB

Transcript:

CLIPPINGS

Publication Szyj.gov.cn

Date Oct 29, 2014

Client Bahrain EDB

Transcript:

CLIPPINGS

Publication V.youku.com

Date Oct 29, 2014

Client Bahrain EDB

Transcript:

CLIPPINGS

Publication Cutv.com

Date Oct 29, 2014

Client Bahrain EDB

Transcript:

Publication Shenzhen TV Finance Channel

Date Nov 3, 2014

Client EDB Bahrain

Summary:

Resource: Shenzhen TV Finance Channel

To attract investment from Chinese companies, the Bahrain Economic Development Board (EDB) and China Council for the

Promotion of International Trade (CCPIT) Shenzhen Branch provided more opportunities for Shenzhen companies to go

abroad.

This was the third time for H.E. Kamal bin Ahmed, Acting Chief Executive of the Bahrain EDB, to visit China. He explained

that Bahrain, an Arabian Gulf hub, has maintained close economic and trade relations with China. The Dragon City project in

Bahrain, which will open next year, is the second Dragon City project in the Middle East, following the one in Dubai.

“Today, we witnessed the MOU signing ceremony for two Chinese companies who will join the Dragon City project. I think

this (Bahrain Dragon City) will be a fatastic platform for Chinese companies to show the quality and the types of their

products to people in Bahrain and the Gulf market,” said H.E. Kamal bin Ahmed.

“Except for a five percent import tariff, there are no taxes at all in Bahrain. You do not need to pay any income or business

taxes, which is a great benefit,” said Mr. Miao Lin. “The China Council for the Promotion of International Trade Shenzhen

Branch has signed several MOUs with the Bahrain EDB to promote long-term cooperation in economic investment,

information exchange, product promotion, as well as regulation and policy consulting.”

“As a hub of the ‘One Belt One Road’ strategy, Bahrain represents an important gateway for Shenzhen to enter Middle East

and Gulf market. We see great market potential for our highly-competitive industries, such as high-tech manufacturing and

electronic information,” said Mr. Tao Yongxin.

CLIPPINGS

Publication S1979.com

Date Nov 3, 2014

Client Bahrain EDB

Transcript:

abroad.

CLIPPINGS

Publication Cutv.com

Date Nov 3, 2014

Client Bahrain EDB

Transcript:

abroad.

CLIPPINGS

Publication International Business Daily

Date Oct 28, 2014

Client EDB Bahrain

Translation:

Resource: International Business Daily

Reporter: Li Gaochao

“One Belt, One Road" Attracts Investment in Bahrain

From October 23-24, 2014, the 6th China Overseas Investment Fair took place at the Beijing Exhibition Centre, advertising Bahrain as the access point to the US $1.6 trillion Gulf market and crossroads for the “One Belt, One Road” strategy. To celebrate 25 years of relations between the two nations, a high-level business delegation from Bahrain embarked upon a ten-day visit to China, led by H.E. Kamal bin Ahmed, Minister of Transportation and Acting Chief Executive of the Bahrain EDB. The delegation plans to travel to Guangzhou, Shenzhen, and Hong Kong to strengthen economic and trade ties between the two countries. “Bahrain strongly supports China’s ‘One Belt, One Road’ vision of building a platform for exchange between the Arab world and China. By working together, we will be able to move this vision forward and help businesses take advantage of the fast-growing GCC market,” said H.E. Kamal bin Ahmed, who thought the “One Belt, One Road” concept was the best advertisement for Bahrain. Advantages Talking about the advantages of Bahrain, Kamal mentioned “One Belt, One Road” a lot. “One Belt, One Road” helps connect China with the Arab world, extending to Europe and Africa. Bahrain is a gateway to the Gulf region, and according to H.E. Kamal bin Ahmed, China is an important market for Bahrain. Moreover, Bahraini companies are looking for partners in China, and welcome Chinese investors. A member of the GCC, Bahrain is located between Qatar and Saudi Arabia. Its market is expected to reach US$2 trillion by 2020, and the country has a long history of a diversified economy. In 2012, the oil and natural gas industry accounted for 19 percent of Bahrain’s GDP, while financial services accounted for 17 percent, and manufacture for 15 percent. In fact, Bahrain has always been the most developed country in the GCC in terms of financial services with over 40 years’ experience, and has the highest concentration of financial institutions with more than 400 banks (including the Bank of China) in the Gulf area. “Bahrain is tax-free - without even payroll or sales taxes - and offers extreme freedom in terms of imports and exports, as well as no foreign currency restrictions and 100% foreign ownership of business assets for foreign capital. Operational costs in Bahrain are among the lowest in the Gulf region. For example, the price of diesel in Bahrain is one quarter to one third cheaper than in any other Gulf country, because of government subsidies,” said Sameer Nass, Chairman of Nass Group. Bahrain also has a highly-qualified workforce. The Kingdom is the educational centre of the Gulf region, and English is widely-spoken. Tamkeen helps train employees from home and abroad. In terms of women’s rights, Bahrain is more open than other Arab countries. Many women are active in Bahrain’s political and economic fields, paving the way for foreign women to work and live in Bahrain. Business Opportunities

In 2013, Bahrain’s GDP was US $32.8 billion, with a per capita GDP of US $24,027 - four times that of China. Bahrain has closed several oil wells, but has still maintained a high growth rate of 5 percent, relying on its rapidly developing non-oil industries. Bahrain’s steady economic development has enabled the government to carry out large-scale construction projects. Bahrain is currently investing in airport expansion, as well as travel, housing, and water services. H.E. Kamal bin Ahmed welcomes Chinese companies to participate in construction projects in Bahrain. Khalid Al-Zayani, Honorary Chairman of AlZayani Investments B.S.C. and Chairman of Midal Cables Ltd., shared his views on cooperation between China and Bahrain. He had been to China in the 1970s, and was shocked by the change in China. AlZayani cooperates with a number of Chinese companies, one of which is a firm importing vehicles from China. Khalid Al-Zayani said that due to the fast development of China’s automotive industry, it would likely dominate the global market in the future. As Chairman the largest conductor manufacturer in the world, Khalid Al-Zayani is investigating the cable market in hopes of setting up factories in China. Al Zayani also suggested that China develop an Islamic financial system. He said that the British government was the first to issue 200 million pounds ($340 million) worth of Islamic bonds. “London did not have any policies in place four years ago. Shanghai and Hong Kong are both financial centers. If England can issues Islamic bonds, why can’t China?” he commented. “Bahrain was the first country to establish an Islamic financial regulatory system and can help China develop Islamic finance,” he added. Bahrain allows Chinese citizens to obtain a visa on arrival. H.E. Kamal bin Ahmed said that he hopes to raise awareness of Bahrain among Chinese investors, with the help of the “One Belt, One Road” strategy. He also re-emphasized that Bahrain welcomes investment from Chinese companies and offers a gateway to the GCC or Africa market.

CLIPPINGS

Publication Ce.cn

Date Oct 28, 2014

Client EDB Bahrain

Translation:

CLIPPINGS

Publication Comnews.cn

Date Oct 28, 2014

Client EDB Bahrain

Translation:

CLIPPINGS

Publication Xhby.net

Date Oct 28, 2014

Client EDB Bahrain

Translation:

CLIPPINGS

Publication Shangbaoline.com

Date Oct 28, 2014

Client EDB Bahrain

Translation:

CLIPPINGS

Publication Finance.china.com.cn

Date Oct 28, 2014

Client EDB Bahrain

Translation:

CLIPPINGS

Publication Trade.ec.com.cn

Date Oct 28, 2014

Client EDB Bahrain

Translation:

CLIPPINGS

Publication Econ.taiwan.cn

Date Oct 28, 2014

Client EDB Bahrain

Translation:

CLIPPINGS

Publication Shangdongipc.gov.cn

Date Oct 28, 2014

Client EDB Bahrain

Translation:

CLIPPINGS

Publication Jr18.com

Date Oct 28, 2014

Client EDB Bahrain

Translation:

CLIPPINGS

Publication China Trade News

Date Oct 28, 2014

Client EDB Bahrain

Translation:

Resource: China Trade News

Reporter: Gao Hongyan

“Bahrain firmly supports the ‘One Belt One Road’ vision proposed by China so as to establish a community of interests between the Arab world and China. Through cooperation, we can gradually realize this vision and help numerous businesses to take advantage of the fast-growing GCC market,” said HE Kamal bin Ahmed, Bahrain Minister of Transportation and Acting Chief Executive of Bahrain Economic Development Board (EDB) during the “Invest in Bahrain” seminar held in Beijing on October 23, the first in a series of roadshow seminars held across China over a period of ten days by the EDB. He said that Bahrain and China have a strong trade relationship that dates back two thousand years to the first Silk Road. Currently, China has become the largest importer to Bahrain, with non-oil imports totaling more than US$1 billion.

Overview of Bahrain’s Economic Belt

2014 marks the 25th anniversary of the establishment of friendly diplomatic relations between China and Bahrain. Over the years, by adhering to the commitment of developing friendly relations in multiple sectors, the two countries have enhanced their bilateral relations with cooperation and exchange in areas of trade, economy, culture etc. As was reiterated by HE

Bahrain International Airport Business Center (Financial Service, Business Service, Business Tourism)

Saudi Arabia Causeway Service, Logistics, Industrial Zone

Heavy Industry Education and Technology Corridor (Near University of Bahrain and Bahrain International Circuit)

Qatar Causeway (Planned)

Tourism (Yet to be developed)

Tourism

（Darrati Al-Babrain）

Kamal bin Ahmed on his visit to China with a high-profile business delegation, Bahrain regards China as an extremely important and crucial market, Bahrain businesses hope to find appropriate opportunities and good partners in oversea markets, and with its open and free economic environment and a strategic geographic location with access to the Gulf region, Bahrain will continue to provide the best business environment and investment opportunities for Chinese investors. Unique Investment Environment To many Chinese investors, Bahrain is just a small Gulf state with an area of 770 square kilometers and a population of 1.2 million. In the past century, however, Bahrain has been leading the development of the Gulf region in areas ranging from oil exploration and trade to finance and education. In 2013, Bahrain’s GDP grew 5.3% in real terms, maintaining its continuous fast economic growth.

An Attractive Business Environment 100% foreign ownership of business assets and real estate that is not limited to free zones No corporate or personal taxes and very few indirect taxes Very competitive costs by regional and global standards Free movement of capital, profits, or dividends Freest economy in the Middle East

Ease of doing business

A Secure & Stable Environment Freely convertible currency pegged to the US Dollar Equal treatment of domestic and international companies Mature legal framework and internationally compliant practices

Excellent Connectivity Strategic location in the Middle East with proximity to Saudi Arabia, Qatar, and the broader GCC market World-class ICT infrastructure 64 bilateral agreements on trade investment and the avoidance of double taxation and 32 MoU’s on Economic, Trade, and Technical Cooperation Free Trade Agreement with the USA

High Quality of Living Welcoming attitude towards expatriates and their families Comparatively low cost of living

“This is driven by the strong growth of non-oil industries,” said HE Kamal bin Ahmed during an exclusive interview with China Trade News. Starting from last year, Bahrain gradually closed some of its oil wells, but this has not affected its economic growth. According to statistics provided by the EDB, in 2013, Bahrain’s net exports of services led by non-oil products and financial services grew 6%, in which non-oil products and financial services realized growth of 23% and 7% respectively. Bahrain’s economic growth is driven by highly attractive business environment and pioneering business advantages. Bahrain has provided a repeatedly proven legal and regulatory environment with few restrictions on foreign investment, low operating costs and the lowest taxes among GCC countries. With the reputation as the “Gateway to the Gulf”, Bahrain is one of the best ways to access such Gulf markets as Saudi Arabia, Kuwait, Yemen, Qatar and the United Arab Emirates. Bahrain also has an established financial service sector with more than four decades of experience.

Bahrain has the most extensive registered funds in the region 2827 As of June 2014, there are 2,827 registered funds 92 92 funds are registered in Bahrain 41 There are 41 Islamic funds

Bahrain Stock Exchange was founded in 1987 and was privatized in recent years. It’s the most open capital market in the GCC region 43 43 listed companies 9 9 bonds 21 21 mutual funds 224 The stock exchange has a market valuation of US$22.4 billion 17 17 brokerage firms are active in the market

Bahrain is the world’s recognized leader in Islamic finance. It has attracted the world’s most concentrated Islamic finance institutes. 2001 Bahrain became the first country in the world to develop and implement specific plans to manage Islamic banking in 2001 24 Bahrain has 24 Islamic banks

Total Assets under Management 2000 1.9 Billion July 2014 24.6 Billion 8 8 Islamic insurance companies are located in Bahrain (Including Islamic insurance companies and Islamic reinsurance companies) 7.5 In 2011, The Central Bank of Bahrain raised US$750 million by issuing 7-year Islamic government bonds

(Diagram/Dong Tong)

Othman Sharif, First Vice Chairman, Bahrain Chamber of Commerce and Industry, said during the “Invest in Bahrain” seminar that located at the heart of the Middle East, Bahrain is ideally placed to help Chinese investors access the Gulf market, which is now worth US$1.6 trillion. Bahrain has offered businesses with a sophisticated regulatory environment, excellent transport connections, low costs and competitive taxes, and the most educated workforce in the region.

Bahrain’s open economy, favorable business conditions and strong economic fundamentals have been endorsed by the Heritage Foundation’s 2014 Index of Economic Freedom, which saw the Kingdom ranked 13th in the world and first in the Middle East and North Africa. In July 2014, Bahrain announced a new visa policy that allows nationals of more than 60 countries to obtain a visa on arrival, giving Bahrain one of the most open visa arrangements in the region. With this policy, Chinese nationals are now able to receive a visa for Bahrain on arrival.

Currently, leading Chinese companies with offices or facilities in Bahrain include: Huawei, Bank of China, China Harbor Engineering Company Ltd, and CPIC. HE Kamal bin Ahmed told the reporter that in Bahrain, Chinese companies employing more than 50 staff are regarded as big companies. With approximately 500 employees in Bahrain, Huawei mainly provides service for the entire Gulf region. Business Opportunities in Key Industries During the business delegation’s visit to China, Mr. Khalid Al-Zayani, Honorary Chairman of Al Zayani Investments, was keen on seeking cooperation opportunities in three sectors: Islamic finance, auto, and high-voltage cable. He told the reporter that with its rapid development, China’s auto industry can grow into one of the main growth engines of the world’s auto industry in the future, and now is the best time to enter China’s auto market. Currently, Al Zayani Investments mainly imports sedans and trucks from China. “Meanwhile, we are also keen on selling our products in the Chinese market. Al Zayani Investments has achieved a global leadership position in the cable sector, especially in the area of high-voltage cable, with production sites in Bahrain, Australia, Turkey, and Saudi Arabia. We are currently actively exploring the possibility of establishing high-voltage cable production bases in China.” Mr. Khalid Al-Zayani also said that he hoped China would vigorously develop Islamic finance so as to establish its position in the sector. “We hope to attract Chinese companies to invest in Bahrain. The downstream industries of such industries as aluminum, iron and steel, and petrochemical are enjoying good development in Bahrain, and China has relevant technologies and capabilities. I think we can cooperate with each other to promote the development of these sectors. By coming to Bahrain, Chinese companies can not only access the Gulf market but also enter the global market. I hope Chinese companies can make better use of Bahrain’s advantages to expand their businesses,” noted Mr. Khalid Al-Zayani. “In fact, Bahrain only has an area of 5 kilometers while cables can be put into real use, but Al Zayani Investments is the world’s largest high-voltage cable producer. Where are all the cables sold then? They are sold to other markets in the rest of the world. Another example is Kraft Foods, which has come to Bahrain despite having a small market share in Bahrain. The reason Kraft Foods has come to Bahrain is because Bahrain is a good gateway, which can help the company gain access to markets in other countries such as Saudi Arabia and even wider regions.” Mr. Khalid Al-Zayani noted that when businesses come to Bahrain, they mustn’t limit their operations to Bahrain. They should focus more on leveraging on Bahrain’s gateway position to expand into Saudi Arabia and other neighboring markets, even markets in other regions of the world. Mr. Sameer Nass, Chairman of Nass Group, said that as a gateway for Chinese companies to access the Gulf market, Bahrain can offer companies more conveniences for their development in the Gulf region. He noted that Nass Group has carried out close cooperation with Chinese companies, such as collaborating with China National Materials Group Corp. to produce

firewalls. Also, as the largest construction group in Bahrain, Nass Group is also a contractor in China’s “Dragon City” project in Bahrain. “Many basic materials for the construction materials used by Nass Group are imported from China. A team from Nass Group is planning to set up an office in China to mainly be responsible for sourcing in China.” HE Kamal bin Ahmed added that Bahrain’s infrastructure construction has entered a stage of prosperous development, with more infrastructure projects being carried out in 2014 than the last three to four years combined, including airport expansion, tourism facility construction, plant expansion and construction in the aluminum industry, as well as housing and water projects. All these have presented quite a lot of investment opportunities for Chinese companies.

CLIPPINGS

Publication Ccpit.org

Date Oct 28, 2014

Client EDB Bahrain

Translation:

“Bahrain firmly supports the ‘One Belt One Road’ vision proposed by China so as to establish a community of interests between the Arab world and China. Through cooperation, we can gradually realize this vision and help numerous businesses to take advantage of the fast-growing GCC market,” said HE Kamal bin Ahmed, Bahrain Minister of Transportation and Acting Chief Executive of Bahrain Economic Development Board (EDB) during the “Invest in Bahrain” seminar held in Beijing on October 23, the first in a series of roadshow seminars held across China over a period of ten days by the EDB. He said that Bahrain and China have a strong trade relationship that dates back two thousand years to the first Silk Road. Currently, China has become the largest importer to Bahrain, with non-oil imports totaling more than US$1 billion. 2014 marks the 25th anniversary of the establishment of friendly diplomatic relations between China and Bahrain. Over the years, by adhering to the commitment of developing friendly relations in multiple sectors, the two countries have enhanced their bilateral relations with cooperation and exchange in areas of trade, economy, culture etc. As was reiterated by HE Kamal bin Ahmed on his visit to China with a high-profile business delegation, Bahrain regards China as an extremely important and crucial market, Bahrain businesses hope to find appropriate opportunities and good partners in oversea markets, and with its open and free economic environment and a strategic geographic location with access to the Gulf region, Bahrain will continue to provide the best business environment and investment opportunities for Chinese investors. Unique Investment Environment To many Chinese investors, Bahrain is just a small Gulf state with an area of 770 square kilometers and a population of 1.2 million. In the past century, however, Bahrain has been leading the development of the Gulf region in areas ranging from oil exploration and trade to finance and education. In 2013, Bahrain’s GDP grew 5.3% in real terms, maintaining its continuous fast economic growth. “This is driven by the strong growth of non-oil industries,” said HE Kamal bin Ahmed during an exclusive interview with China Trade News. Starting from last year, Bahrain gradually closed some of its oil wells, but this has not affected its economic growth. According to statistics provided by the EDB, in 2013, Bahrain’s net exports of services led by non-oil products and financial services grew 6%, in which non-oil products and financial services realized growth of 23% and 7% respectively. Bahrain’s economic growth is driven by highly attractive business environment and pioneering business advantages. Bahrain has provided a repeatedly proven legal and regulatory environment with few restrictions on foreign investment, low operating costs and the lowest taxes among GCC countries. With the reputation as the “Gateway to the Gulf”, Bahrain is one of the best ways to access such Gulf markets as Saudi Arabia, Kuwait, Yemen, Qatar and the United Arab Emirates. Bahrain also has an established financial service sector with more than four decades of experience.

Currently, leading Chinese companies with offices or facilities in Bahrain include: Huawei, Bank of China, China Harbor Engineering Company Ltd, and CPIC. HE Kamal bin Ahmed told the reporter that in Bahrain, Chinese companies employing more than 50 staff are regarded as big companies. With approximately 500 employees in Bahrain, Huawei mainly provides service for the entire Gulf region. Business Opportunities in Key Industries During the business delegation’s visit to China, Mr. Khalid Al-Zayani, Honorary Chairman of Al Zayani Investments, was keen on seeking cooperation opportunities in three sectors: Islamic finance, auto, and high-voltage cable. He told the reporter that with its rapid development, China’s auto industry can grow into one of the main growth engines of the world’s auto industry in the future, and now is the best time to enter China’s auto market. Currently, Al Zayani Investments mainly imports sedans and trucks from China. “Meanwhile, we are also keen on selling our products in the Chinese market. Al Zayani Investments has achieved a global leadership position in the cable sector, especially in the area of high-voltage cable, with production sites in Bahrain, Australia, Turkey, and Saudi Arabia. We are currently actively exploring the possibility of establishing high-voltage cable production bases in China.” Mr. Khalid Al-Zayani also said that he hoped China would vigorously develop Islamic finance so as to establish its position in the sector. “We hope to attract Chinese companies to invest in Bahrain. The downstream industries of such industries as aluminum, iron and steel, and petrochemical are enjoying good development in Bahrain, and China has relevant technologies and capabilities. I think we can cooperate with each other to promote the development of these sectors. By coming to Bahrain, Chinese companies can not only access the Gulf market but also enter the global market. I hope Chinese companies can make better use of Bahrain’s advantages to expand their businesses,” noted Mr. Khalid Al-Zayani. “In fact, Bahrain only has an area of 5 kilometers while cables can be put into real use, but Al Zayani Investments is the world’s largest high-voltage cable producer. Where are all the cables sold then? They are sold to other markets in the rest of the world. Another example is Kraft Foods, which has come to Bahrain despite having a small market share in Bahrain. The reason Kraft Foods has come to Bahrain is because Bahrain is a good gateway, which can help the company gain access to markets in other countries such as Saudi Arabia and even wider regions.” Mr. Khalid Al-Zayani noted that when businesses come to Bahrain, they mustn’t limit their operations to Bahrain. They should focus more on leveraging on Bahrain’s gateway position to expand into Saudi Arabia and other neighboring markets, even markets in other regions of the world. Mr. Sameer Nass, Chairman of Nass Group, said that as a gateway for Chinese companies to access the Gulf market, Bahrain can offer companies more conveniences for their development in the Gulf region. He noted that Nass Group has carried out close cooperation with Chinese companies, such as collaborating with China National Materials Group Corp. to produce firewalls. Also, as the largest construction group in Bahrain, Nass Group is also a contractor in China’s “Dragon City” project in Bahrain. “Many basic materials for the construction materials used by Nass Group are imported from China. A team from Nass Group is planning to set up an office in China to mainly be responsible for sourcing in China.” HE Kamal bin Ahmed added that Bahrain’s infrastructure construction has entered a stage of prosperous development, with more infrastructure projects being carried out in 2014 than the last three to four years combined, including airport expansion, tourism facility

construction, plant expansion and construction in the aluminum industry, as well as housing and water projects. All these have presented quite a lot of investment opportunities for Chinese companies.

CLIPPINGS

Publication Blog.sina.com.cn

Date Oct 29, 2014

Client EDB Bahrain

Translation:

2014 marks the 25th anniversary of the establishment of friendly diplomatic relations between China and Bahrain. Over the years, by adhering to the commitment of developing friendly relations in multiple sectors, the two countries have enhanced their bilateral relations with cooperation and exchange in areas of trade, economy, culture etc. As was reiterated by HE

Tourism

Kamal bin Ahmed on his visit to China with a high-profile business delegation, Bahrain regards China as an extremely important and crucial market, Bahrain businesses hope to find appropriate opportunities and good partners in oversea markets, and with its open and free economic environment and a strategic geographic location with access to the Gulf region, Bahrain will continue to provide the best business environment and investment opportunities for Chinese investors. Unique Investment Environment To many Chinese investors, Bahrain is just a small Gulf state with an area of 770 square kilometers and a population of 1.2 million. In the past century, however, Bahrain has been leading the development of the Gulf region in areas ranging from oil exploration and trade to finance and education. In 2013, Bahrain’s GDP grew 5.3% in real terms, maintaining its continuous fast economic growth.

An Attractive Business Environment 100% foreign ownership of business assets and real estate that is not limited to free zones No corporate or personal taxes and very few indirect taxes Very competitive costs by regional and global standards Free movement of capital, profits, or dividends Freest economy in the Middle East

Ease of doing business

“This is driven by the strong growth of non-oil industries,” said HE Kamal bin Ahmed during an exclusive interview with China Trade News. Starting from last year, Bahrain gradually closed some of its oil wells, but this has not affected its economic growth. According to statistics provided by the EDB, in 2013, Bahrain’s net exports of services led by non-oil products and financial services grew 6%, in which non-oil products and financial services realized growth of 23% and 7% respectively. Bahrain’s economic growth is driven by highly attractive business environment and pioneering business advantages. Bahrain has provided a repeatedly proven legal and regulatory environment with few restrictions on foreign investment, low operating costs and the lowest taxes among GCC countries. With the reputation as the “Gateway to the Gulf”, Bahrain is one of the best ways to access such Gulf markets as Saudi Arabia, Kuwait, Yemen, Qatar and the United Arab Emirates. Bahrain also has an established financial service sector with more than four decades of experience.

(Diagram/Dong Tong)

Currently, leading Chinese companies with offices or facilities in Bahrain include: Huawei, Bank of China, China Harbor Engineering Company Ltd, and CPIC. HE Kamal bin Ahmed told the reporter that in Bahrain, Chinese companies employing more than 50 staff are regarded as big companies. With approximately 500 employees in Bahrain, Huawei mainly provides service for the entire Gulf region. Business Opportunities in Key Industries During the business delegation’s visit to China, Mr. Khalid Al-Zayani, Honorary Chairman of Al Zayani Investments, was keen on seeking cooperation opportunities in three sectors: Islamic finance, auto, and high-voltage cable. He told the reporter that with its rapid development, China’s auto industry can grow into one of the main growth engines of the world’s auto industry in the future, and now is the best time to enter China’s auto market. Currently, Al Zayani Investments mainly imports sedans and trucks from China. “Meanwhile, we are also keen on selling our products in the Chinese market. Al Zayani Investments has achieved a global leadership position in the cable sector, especially in the area of high-voltage cable, with production sites in Bahrain, Australia, Turkey, and Saudi Arabia. We are currently actively exploring the possibility of establishing high-voltage cable production bases in China.” Mr. Khalid Al-Zayani also said that he hoped China would vigorously develop Islamic finance so as to establish its position in the sector. “We hope to attract Chinese companies to invest in Bahrain. The downstream industries of such industries as aluminum, iron and steel, and petrochemical are enjoying good development in Bahrain, and China has relevant technologies and capabilities. I think we can cooperate with each other to promote the development of these sectors. By coming to Bahrain, Chinese companies can not only access the Gulf market but also enter the global market. I hope Chinese companies can make better use of Bahrain’s advantages to expand their businesses,” noted Mr. Khalid Al-Zayani. “In fact, Bahrain only has an area of 5 kilometers while cables can be put into real use, but Al Zayani Investments is the world’s largest high-voltage cable producer. Where are all the cables sold then? They are sold to other markets in the rest of the world. Another example is Kraft Foods, which has come to Bahrain despite having a small market share in Bahrain. The reason Kraft Foods has come to Bahrain is because Bahrain is a good gateway, which can help the company gain access to markets in other countries such as Saudi Arabia and even wider regions.” Mr. Khalid Al-Zayani noted that when businesses come to Bahrain, they mustn’t limit their operations to Bahrain. They should focus more on leveraging on Bahrain’s gateway position to expand into Saudi Arabia and other neighboring markets, even markets in other regions of the world. Mr. Sameer Nass, Chairman of Nass Group, said that as a gateway for Chinese companies to access the Gulf market, Bahrain can offer companies more conveniences for their development in the Gulf region. He noted that Nass Group has carried out close cooperation with Chinese companies, such as collaborating with China National Materials Group Corp. to produce

firewalls. Also, as the largest construction group in Bahrain, Nass Group is also a contractor in China’s “Dragon City” project in Bahrain. “Many basic materials for the construction materials used by Nass Group are imported from China. A team from Nass Group is planning to set up an office in China to mainly be responsible for sourcing in China.” HE Kamal bin Ahmed added that Bahrain’s infrastructure construction has entered a stage of prosperous development, with more infrastructure projects being carried out in 2014 than the last three to four years combined, including airport expansion, tourism facility construction, plant expansion and construction in the aluminum industry, as well as housing and water projects. All these have presented quite a lot of investment opportunities for Chinese companies.

CLIPPINGS

Publication Tradow.com

Date Oct 30, 2014

Client EDB Bahrain

Translation:

2014 marks the 25th anniversary of the establishment of friendly diplomatic relations between China and Bahrain. Over the years, by adhering to the commitment of developing friendly relations in multiple sectors, the two countries have enhanced their bilateral relations with cooperation and exchange in areas of trade, economy, culture etc. As was reiterated by HE Kamal bin Ahmed on his visit to China with a high-profile business delegation, Bahrain regards China as an extremely important and crucial market, Bahrain businesses hope to find appropriate opportunities and good partners in oversea markets, and with its open and free economic environment and a strategic geographic location with access to the Gulf region, Bahrain will continue to provide the best business environment and investment opportunities for Chinese investors. Unique Investment Environment To many Chinese investors, Bahrain is just a small Gulf state with an area of 770 square kilometers and a population of 1.2 million. In the past century, however, Bahrain has been leading the development of the Gulf region in areas ranging from oil exploration and trade to finance and education. In 2013, Bahrain’s GDP grew 5.3% in real terms, maintaining its continuous fast economic growth. “This is driven by the strong growth of non-oil industries,” said HE Kamal bin Ahmed during an exclusive interview with China Trade News. Starting from last year, Bahrain gradually closed some of its oil wells, but this has not affected its economic growth. According to statistics provided by the EDB, in 2013, Bahrain’s net exports of services led by non-oil products and financial services grew 6%, in which non-oil products and financial services realized growth of 23% and 7% respectively. Bahrain’s economic growth is driven by highly attractive business environment and pioneering business advantages. Bahrain has provided a repeatedly proven legal and regulatory environment with few restrictions on foreign investment, low operating costs and the lowest taxes among GCC countries. With the reputation as the “Gateway to the Gulf”, Bahrain is one of the best ways to access such Gulf markets as Saudi Arabia, Kuwait, Yemen, Qatar and the United Arab Emirates. Bahrain also has an established financial service sector with more than four decades of experience.

CLIPPINGS

Publication Chinatradenews.com.cn

Date Oct 29, 2014

Client EDB Bahrain

Translation:

CLIPPINGS

Publication News.wcxone.com

Date Oct 28, 2014

Client EDB Bahrain

Translation:

CLIPPINGS

Publication News.vlongbiz.com

Date Nov 04, 2014

Client Bahrain EDB

Translation:

“Bahrain firmly supports the ‘One Belt One Road’ vision proposed by China so as to establish a community of interests between the Arab world and China. Through cooperation, we can gradually realize this vision and help numerous businesses to take advantage of the fast-growing GCC market,” said H.E. Kamal bin Ahmed, Bahrain Minister of Transportation and Acting Chief Executive of Bahrain Economic Development Board (EDB) during the “Invest in Bahrain” seminar held in Beijing on October 23, the first in a series of roadshow seminars held across China over a period of ten days by the EDB. He said that Bahrain and China have a strong trade relationship that dates back two thousand years to the first Silk Road. Currently, China has become the largest importer to Bahrain, with non-oil imports totalling more than US$1 billion.

2014 marks the 25th anniversary of the establishment of friendly diplomatic relations between China and Bahrain. Over the years, by adhering to the commitment of developing friendly relations in multiple sectors, the two countries have enhanced

Tourism

their bilateral relations with cooperation and exchange in areas of trade, economy, culture etc. As was reiterated by H.E. Kamal bin Ahmed on his visit to China with a high-profile business delegation, Bahrain regards China as an extremely important and crucial market, Bahrain businesses hope to find appropriate opportunities and good partners in oversea markets, and with its open and free economic environment and a strategic geographic location with access to the Gulf region, Bahrain will continue to provide the best business environment and investment opportunities for Chinese investors. Unique Investment Environment To many Chinese investors, Bahrain is just a small Gulf state with an area of 770 square kilometres and a population of 1.2 million. In the past century, however, Bahrain has been leading the development of the Gulf region in areas ranging from oil exploration and trade to finance and education. In 2013, Bahrain’s GDP grew 5.3% in real terms, maintaining its continuous fast economic growth.

An Attractive Business Environment 100% foreign ownership of business assets and real estate that is not limited to free zones No corporate or personal taxes and very few indirect taxes Very competitive costs by regional and global standards Free movement of capital, profits, or dividends Freest economy in the Middle East Ease of doing business

“This is driven by the strong growth of non-oil industries,” said H.E. Kamal bin Ahmed during an exclusive interview with China Trade News. Starting from last year, Bahrain gradually closed some of its oil wells, but this has not affected its economic growth. According to statistics provided by the EDB, in 2013, Bahrain’s net exports of services led by non-oil products and financial services grew 6%, in which non-oil products and financial services realized growth of 23% and 7% respectively. Bahrain’s economic growth is driven by highly attractive business environment and pioneering business advantages. Bahrain has provided a repeatedly proven legal and regulatory environment with few restrictions on foreign investment, low operating costs and the lowest taxes among GCC countries. With the reputation as the “Gateway to the Gulf”, Bahrain is one of the best ways to access such Gulf markets as Saudi Arabia, Kuwait, Yemen, Qatar and the United Arab Emirates. Bahrain also has an established financial service sector with more than four decades of experience.

(Diagram/Dong Tong)

Bahrain’s open economy, favourable business conditions and strong economic fundamentals have been endorsed by the Heritage Foundation’s 2014 Index of Economic Freedom, which saw the Kingdom ranked 13th in the world and first in the Middle East and North Africa. In July 2014, Bahrain announced a new visa policy that allows nationals of more than 60 countries to obtain a visa on arrival, giving Bahrain one of the most open visa arrangements in the region. With this policy, Chinese nationals are now able to receive a visa for Bahrain on arrival.

Currently, leading Chinese companies with offices or facilities in Bahrain include: Huawei, Bank of China, China Harbor Engineering Company Ltd, and CPIC. H.E. Kamal bin Ahmed told the reporter that in Bahrain, Chinese companies employing more than 50 staff are regarded as big companies. With approximately 500 employees in Bahrain, Huawei mainly provides service for the entire Gulf region. Business Opportunities in Key Industries During the business delegation’s visit to China, Mr. Khalid Al-Zayani, Honorary Chairman of Al Zayani Investments, was keen on seeking cooperation opportunities in three sectors: Islamic finance, auto, and high-voltage cable. He told the reporter that with its rapid development, China’s auto industry can grow into one of the main growth engines of the world’s auto industry in the future, and now is the best time to enter China’s auto market. Currently, Al Zayani Investments mainly imports sedans and trucks from China. “Meanwhile, we are also keen on selling our products in the Chinese market. Al Zayani Investments has achieved a global leadership position in the cable sector, especially in the area of high-voltage cable, with production sites in Bahrain, Australia, Turkey, and Saudi Arabia. We are currently actively exploring the possibility of establishing high-voltage cable production bases in China.” Mr. Khalid Al-Zayani also said that he hoped China would vigorously develop Islamic finance so as to establish its position in the sector. “We hope to attract Chinese companies to invest in Bahrain. The downstream industries of such industries as aluminum, iron and steel, and petrochemical are enjoying good development in Bahrain, and China has relevant technologies and capabilities. I think we can cooperate with each other to promote the development of these sectors. By coming to Bahrain, Chinese companies can not only access the Gulf market but also enter the global market. I hope Chinese companies can make better use of Bahrain’s advantages to expand their businesses,” noted Mr. Khalid Al-Zayani. “In fact, Bahrain only has an area of 5 kilometres while cables can be put into real use, but Al Zayani Investments is the world’s largest high-voltage cable producer. Where are all the cables sold then? They are sold to other markets in the rest of the world. Another example is Kraft Foods, which has come to Bahrain despite having a small market share in Bahrain. The reason Kraft Foods has come to Bahrain is because Bahrain is a good gateway, which can help the company gain access to markets in other countries such as Saudi Arabia and even wider regions.” Mr. Khalid Al-Zayani noted that when businesses come to Bahrain, they mustn’t limit their operations to Bahrain. They should focus more on leveraging on Bahrain’s gateway position to expand into Saudi Arabia and other neighbouring markets, even markets in other regions of the world. Mr. Sameer Nass, Chairman of Nass Group, said that as a gateway for Chinese companies to access the Gulf market, Bahrain can offer companies more conveniences for their development in the Gulf region. He noted that Nass Group has carried out close cooperation with Chinese companies, such as collaborating with China National Materials Group Corp. to produce

firewalls. Also, as the largest construction group in Bahrain, Nass Group is also a contractor in China’s “Dragon City” project in Bahrain. “Many basic materials for the construction materials used by Nass Group are imported from China. A team from Nass Group is planning to set up an office in China to mainly be responsible for sourcing in China.” H.E. Kamal bin Ahmed added that Bahrain’s infrastructure construction has entered a stage of prosperous development, with more infrastructure projects being carried out in 2014 than the last three to four years combined, including airport expansion, tourism facility construction, plant expansion and construction in the aluminium industry, as well as housing and water projects. All these have presented quite a lot of investment opportunities for Chinese companies.

CLIPPINGS

Publication China Economic Herald

Date Oct 30, 2014

Client Bahrain EDB

Translation:

Resource: China Economic Herald Reporter: Diao Cui

“The number of infrastructure projects in Bahrain in 2014 exceeded the amount from the past three to four years,” said Kamal Ahmad, Bahrain Transportation Minister and the Acting Chief Executive of the EDB on 23 October, 2014. "Although the EDB adjusted Bahrain’s economic rate to 3.7% in early 2014, the change did not negatively influence investment in Bahrain’s infrastructure. He continued, “There are many infrastructure projects - covering airport extension, tourism facility construction, aluminum factory expansion, and housing and water treatment - that will offer Chinese companies tremendous investment opportunities.” In the first half of the year, Bahrain’s GDP growth rate was 5%, which exceeded expectations. Kamal Ahmad said, “The oil industry stimulated GDP growth in Bahrain in 2013, which reached 5.3%. As the oilfields closed, however, GDP growth rate this year may decrease. Fortunately, Bahrain’s non-oil industry remains strong, promoting Bahrain’s economic growth.” Kamal Ahmad said that the main sources of investment in infrastructure are from government expenditure and corporate investment. He continued, “In 2014, Bahrain’s budget for investment in infrastructure was higher than in 2013. Additionally, many infrastructure projects received support from GCC. The Ministry of Finance in Bahrain also provided support through financing both Islamic and general bonds. According to the Heritage Foundation’s 2014 Index of Economic Freedom, Bahrain ranks thirteenth worldwide and first in the Middle East and North Africa. In July 2014, Bahrain issued a new visa policy, offering visa on arrival to citizens of nearly 100 countries, including China. Many Chinese companies have established branches in Bahrain, including Huawei, Bank of China, China Harbour Engineering Company Ltd, and CPIC.

CLIPPINGS

Publication Chinadevelopment.com.cn

Date Oct 30, 2014

Client Bahrain EDB

Translation:

Resource: China Economic Herald Reporter: Diao Cui

“The number of infrastructure projects in Bahrain in 2014 exceeded the amount from the past three to four years,” said Kamal Ahmad, Bahrain Transportation Minister and the Acting Chief Executive of the EDB on 23 October, 2014. "Although the EDB adjusted Bahrain’s economic rate to 3.7% in early 2014, the change did not negatively influence investment in Bahrain’s infrastructure. He continued, “There are many infrastructure projects - covering airport extension, tourism facility construction, aluminum factory expansion, and housing and water treatment - that will offer Chinese companies tremendous investment opportunities.” In the first half of the year, Bahrain’s GDP growth rate was 5%, which exceeded expectations. Kamal Ahmad said, “The oil industry stimulated GDP growth in Bahrain in 2013, which reached 5.3%. As the oilfields closed, however, GDP growth rate this year may decrease. Fortunately, Bahrain’s non-oil industry remains strong, promoting Bahrain’s economic growth.” Kamal Ahmad said that the main sources of investment in infrastructure are from government expenditure and corporate investment. He continued, “In 2014, Bahrain’s budget for investment in infrastructure was higher than in 2013. Additionally, many infrastructure projects received support from GCC. The Ministry of Finance in Bahrain also provided support through financing both Islamic and general bonds. According to the Heritage Foundation’s 2014 Index of Economic Freedom, Bahrain ranks thirteenth worldwide and first in the Middle East and North Africa. In July 2014, Bahrain issued a new visa policy, offering visa on arrival to citizens of nearly 100 countries, including China. Many Chinese companies have established branches in Bahrain, including Huawei, Bank of China, China Harbour Engineering Company Ltd, and CPIC.

Publication Xinhua News Agency

Date Oct 23, 2014

Client EDB Bahrain

Translation:

Resource: Xinhua News Agency

Reporter: Jiang Jie

Kamal bin Ahmed, Minister of Transportation and Acting Chief Executive of the Economic Development Board (EDB) of Bahrain, today said that Bahrain supports China's vision of "One Belt One Road," which aims to build a bridge between the Arab world and China, helping Chinese companies enter the fast-growing the Gulf market.

Kamal bin Ahmed made the preceding remark at the Invest in Bahrain Seminar held on the same day. Currently, he is visiting China with a senior business delegation from Bahrain in hopes to further strengthen economic and trade relationships with China.

Kamal bin Ahmed said that China and Bahrain already have strong trade relations that date back 2,000 years ago to the Silk Road era. In fact, China is the biggest importer to Bahrain, with non-oil imports totalling more than US$1 billion.

During the Invest in Bahrain Seminar, Othman Sharif, First Vice Chairman, Bahrain Chamber of Commerce and Industry, said that Bahrain’s location in the heart of the Middle East makes the Kingdom ideally placed to help Chinese investors access the US$1.6 trillion Gulf market. Bahrain offers a sophisticated regulatory environment, excellent transport connections, low costs and competitive taxes, and the most educated workforce in the region.

According to the Heritage Foundation's 2014 Index of Economic Freedom, the Kingdom of Bahrain ranks 13th in the world and first in the Middle East and North Africa. In July 2014, Bahrain announced a new visa policy that allows nationals of nearly 100 countries, including China, to obtain a visa on arrival.

Many leading Chinese companies have set up offices or facilities in Bahrain, including Huawei, Bank of China, China Harbour Engineering Company Ltd., and CPIC.

CLIPPINGS

Publication Chinadaily.com.cn

Date Oct 23, 2014

Client EDB Bahrain

Translation:

Reporter: Jiang Jie

CLIPPINGS

Publication Jfdaily.com

Date Oct 23, 2014

Client EDB Bahrain

Translation:

Reporter: Jiang Jie

CLIPPINGS

Publication News.163.com

Date Oct 23, 2014

Client EDB Bahrain

Translation:

Reporter: Jiang Jie

CLIPPINGS

Publication Money.163.com

Date Oct 23, 2014

Client EDB Bahrain

Translation:

Reporter: Jiang Jie

CLIPPINGS

Publication Finance.ifeng.com

Date Oct 23, 2014

Client EDB Bahrain

Translation:

Reporter: Jiang Jie

CLIPPINGS

Publication Business.sohu.com

Date Oct 23, 2014

Client EDB Bahrain

Translation:

Reporter: Jiang Jie

CLIPPINGS

Publication Fdi.gov.cn

Date Oct 23, 2014

Client EDB Bahrain

Translation:

Reporter: Jiang Jie

CLIPPINGS

Publication News.dzwww.com

Date Oct 23, 2014

Client EDB Bahrain

Translation:

Reporter: Jiang Jie

CLIPPINGS

Publication News.10jqka.com.cn

Date Oct 23, 2014

Client EDB Bahrain

Translation:

Reporter: Jiang Jie

CLIPPINGS

Publication Jinfuzi.com

Date Oct 23, 2014

Client EDB Bahrain

Translation:

Reporter: Jiang Jie

CLIPPINGS

Publication Guba.sina.com.cn

Date Oct 23, 2014

Client EDB Bahrain

Translation:

Reporter: Jiang Jie

CLIPPINGS

Publication Xwuzi.com

Date Oct 23, 2014

Client EDB Bahrain

Translation:

Reporter: Jiang Jie

CLIPPINGS

Publication Asia Pacific Economic Times

Date Oct 30, 2014

Client Bahrain EDB

Translation:

Resource: Asia Pacific Economy Times

Reporter: Li Min

Oct 27, a business delegation leading by Bahrain Economic Development Board began a 10 day visit to China. The delegation signed four MOUs and one Letter of Intent. HE Kamal bin Ahmed, Minister of Transportation and Acting Chief Executive of the EDB said:” There is no doubt that this visit to China has emphasised the importance of our trade relationship and the need to build on what we already have in place. Last year, 22% of all global investment by Chinese companies was directed towards the Gulf region and Bahrain, the gateway to this US$1.6 trillion market, is welcoming foreign organisations with a desire to take advantage of its strategic location and open business environment.”

The agreements, signed during the Bahrain – Guangdong Economic and Investment Forum hosted by the Bahrain delegation, follows three others signed in Beijing earlier this week. The Forum also included two panel discussions, the first focusing on the overall Bahrain business environment, and the second on investment opportunities in Bahrain for Chinese companies.

The Five New Agreements Signed During the Delegation’s Visit To Guangzhou:

The EDB and the Guangdong General Chamber of Commerce signed a cooperation agreement that will serve as a bridge to promote exchange and cooperation between the two peoples and governments.

A MoU was signed between the Bahrain Chamber of Commerce and Industry (BCCI) and the Guangdong General Chamber of Commerce to promote strong and mutually advantageous commercial and industrial interests and enhance economic relations between Bahrain and China.

The EDB signed a Letter of Intent agreement with Jinglong Decorating to support the company with its plans to expand into Bahrain.

Chinamex and Dongguan Electronic Products Association signed a MoU to jointly promote Dragon City Bahrain and attract Chinese tenants.

Chinamex also signed an agreement with Wuhu Dragon City Tech and Info to work together to attract Chinese tenants to Bahrain Dragon City.

A Brilliant Future for Industrial and Commercial Cooperation

Chendan, Chairman of the Guangdong Chamber of Industry and Commerce, said, “2000 years ago, China established two silk roads to connect the country with production and technology. Last year, President Xi Jingping introduced the ‘One Belt, One Road’ strategy to help build a community with shared values. Bahrain, known as the ‘Pearl of the Middle East,’ is at the intersection of the two silk roads, with convenient transportation and logistics. Guangdong is part of the Silk Road, and the first place for economic reform in China. Together, Bahrain and Guangdong have a bright future.”

He continued, “Both parties are hosting a meeting on promoting investment to identify cooperation opportunities. The private economy in Guangdong was over 1.5 trillion this year, accounting for half of the total economy, and continues to develop rapidly with great potential. Now, private companies are willing and able to enter the global market. The Guangdong Chamber of Industry and Commerce is an influential organization, and we are willing to cooperate with countries such as Bahrain to benefit the economy and community interest.

Economic Diversification in Bahraineconomic diversification

Bahrain was the first country in the Gulf region to find oil. Bahrain also became the first country to achieve economic diversification. Although oil still accounts for 80% of Bahrain’s governmental revenue, its economic structure is becoming increasingly diverse. For example, the upstream hydrocarbon sector accounts for nearly 25% of the real GDP. Driven by downstream investment, the financial services and manufacturing industries are becoming equally important.

Gateway to the Gulf

The Gulf and the wider MENA region are one of the world’s most important economic blocks. The GCC economy is worth more than US$1.6 trillion and is projected to reach $2 trillion by 2020. The economy will continue to expand as the world’s energy hub through increasing investment in infrastructure and economic diversification. The World Bank estimates growth in the MENA region to be 2.9% in 2014 and 3.8% in 2015.

Bahrain maintains a liberal business environment for which it has gained repeated international recognition. It boasts unrivalled access to the markets of the Gulf Cooperation Council (GCC), comprising Bahrain, Kuwait, Oman, the Kingdom of Saudi Arabia, Qatar and the United Arab Emirates, along with the wider MENA region.

The Kingdom has strong regional transport links (road, sea, and air) and its strategic geographical position, at the heart of the Gulf, provides easy access to the wider region. Bahrain is connected by a 25km causeway to Saudi Arabia and plans for a second causeway linking Bahrain and Saudi Arabia are underway. A causeway is also due to be built linking Bahrain to Qatar. In addition, Bahrain is further served by the Bahrain International Airport, home to Bahrain’s national carrier, Gulf Air, which has a comprehensive regional network of destinations, and hosts over 40 other airlines, including cargo and charter flights, connected to 50 international destinations.

Bahrain has a skilled, bilingual workforce, which is primarily engaged in the private sector. 60% of the local workforce is in financial services. In the coming years, approximately 7,000 graduates will enter the workforce per year, forming a steady flow of outstanding employees and promoting entrepreneurship in the interests of economic diversification and growth.

Bahrain-China Bilateral Relations

There is a strong mutual commitment to developing friendly cooperation in various areas, with both countries committed to maintaining the relationship through increased communication and cooperation. In 2011, China became the largest importer to Bahrain, with non-oil imports total more than BD 514 million (or US$1 billion). China is currently the third largest non-GCC market for Bahraini exports. On April 15 2014, China and Bahrain celebrated the 25th anniversary of bilateral relations. HM the King took part in China-Arab States Expo Opening Ceremony as the first guest of honour, at the invitation of the Chinese Government. There are approximately 1,000 Chinese nationals living in Bahrain.

Leading Chinese companies which have established offices or facilities in Bahrain include: China CommService, Huawei, Bank of China, China Harbour Engineering Company Ltd, CPIC, Beijing Jangho Curtain Wall Co. Ltd, Daily Wealth Limited, and Wuhan Lingyun Building Decoration Engineering Co.

In March 2014, a joint venture agreement was concluded between Abahsain Group and CPIC China at the Bahrain International Investment Park (BIIP) following previous negotiations. The joint venture will produce 200,000 tonnes of fibreglass and entail a total investment of over $200 million and employ 1,000 people. In 2012, Diyar Al Muharraq signed an agreement with the China Middle East Investment and Trade Promotion Center FZCO (Chinamex) to establish and operate the first Chinese city development in the Kingdom of Bahrain. The Dragon City project will be marketed and managed by Chinamex and it will be a large-scale trade platform with functions of product exhibition, retail and wholesale, with Chinese architectural and cultural aspects. The proposed Dragon City which will house about 500 Chinese companies is envisaged as a Chinese themed retail shopping mall and will consist of a large number of markets and shops over a wide area of up to 120,000 sq. mtrs. Construction began on the Bahrain Dragon City in June 2014. In 2014, Cluttons was appointed by Chinamex as the official agent to lease the new multi-million dollar Dragon City retail project in Bahrain. In 2014, Batelco and Huawei signed a MoU on the sidelines of BIAS 2014. In July 2014, Huawei announced that the company would be investing $80 million in the development of broadband networks in Bahrain. There are currently three Bahraini companies operating in China: BFG International established a joint venture with Changchun Lu Tong Rail Vehicle Equipment Co. Ltd (CLTR) in 2006. It is a manufacturer fiberglass product for railway, automotive, wind and few other industries. GARMCO (Shanghai) Ltd. was set up in 2002 as a stock holding operation facilitating the sales of the product in the region. GARMCO Nakagawa Metal (Shanghai) Co. Ltd. was established in 2006 as an extension to rolling mill in Bahrain catering to local demands for cut-to-size coils and sheets. ASB Biochemical Refinery Company.

Chinese and Bahraini Companies Look for Commercial Cooperation Opportunities

HE Kamal bin Ahmed, Minister of Transportation and Acting Chief Executive of the EDB, said, “Bahrain is an island country with a population of 1.4 million at the center of the Gulf region. As the first to find oil in the Gulf, Bahrain leveraged the discovery to drive economic development, especially in the private sector. With skilled local workers, Bahrain has developed a sophisticated service industry along with high standards of living. Using oil to promote industrialization, Bahrain has built refineries, smelting bases, and chemical factories. Bahrain has also developed its financial and telecom industries, as well as its infrastructure, and built the first airport, harbor, and wharf in the region. The Gulf has rich natural resources and a value of 1.6 trillion. To cope with the growth of the economy and population, Bahrain plans to increase its investment in infrastructure construction. These areas all offer Chinese companies great opportunities for involvement. Our delegation includes many representatives from different sectors, and we hope to help Chinese companies learn more about Bahrain and the opportunities it offers. We believe that cooperation with China will be mutually beneficial. We will be able to help Chinese companies develop in Bahrain, and we are excited to explore opportunities in China.”

He added, “Bahrain is known as the ‘Gateway to the Gulf’, because the Kingdom has the most liberal business environment in the Gulf. Bahrain offers global companies a convenient financial market without any taxes or capital control. Bahrain also permits 100% foreign-owned companies. We have the lowest operational costs in the Gulf, along with a stable regulatory system designed to protect investor interests. Bahrain is increasing investment in infrastructure, including harbors, airports, and highways. Bahrain is also connected to Saudi Arabia, the biggest market in the Gulf area. Half of Saudi Arabia’s economic activity takes place a 30 minute-drive from Bahrain.”

“Bahrain has a skilled workforce, and was the first country in the region to launch an education system. In Bahrain, no matter where you come from, you can choose to follow your own lifestyle,” concluded HE Kamal bin Ahmed.

“The Gulf market is huge and we welcome Chinese companies to take advantage of the opportunities here,” he said.

“This year marks a quarter-century of relations between China and Bahrain. As the capital of China, Beijing is our focus for business promotion. Bahrain has sponsored the 6th China Overseas Investment Fair and the Second Regional Development of International Investment Cooperation Fair, both of which were great opportunities for introducing Bahrain to Chinese companies. Guangdong and Shenzhen are developing quickly, and we hope more Chinese companies interested in exploring foreign markets will consider Bahrain. This is our first visit to China, but certainly not the last. We have also

arranged business-to-business meetings. Bahraini banks, as well as the Kingdom’s largest investment, are looking for more cooperation opportunities,” said HE Kamal bin Ahmed.

CLIPPINGS

Publication Ytbao.com.cn

Date Oct 30, 2014

Client Bahrain EDB

Translation:

Resource: Asia Pacific Economy Times

Reporter: Li Min

Oct 27, a business delegation leading by Bahrain Economic Development Board begun a 10 day visit to China. The delegation signed four MOUs and one Letter of Intent. HE Kamal bin Ahmed, Minister of Transportation and Acting Chief Executive of the EDB said:” There is no doubt that this visit to China has emphasised the importance of our trade relationship and the need to build on what we already have in place. Last year, 22% of all global investment by Chinese companies was directed towards the Gulf region and Bahrain, the gateway to this US$1.6 trillion market, is welcoming foreign organisations with a desire to take advantage of its strategic location and open business environment.”