Russia invites Bahrain to tap emerging market opportunities

TDT | Manama

Email : ashen@newsofbahrain.com

Russia’s Minister of Economic Development, Maxim Reshetnikov, emphasized the vast untapped potential in tourism and investment between Russia and Bahrain during a press briefing at the Four Seasons Hotel in Manama. His official visit precedes Bahrain’s upcoming participation as a guest country at the prestigious St. Petersburg International Economic Forum (SPIEF) this June.

“Bahrain is still relatively undiscovered by Russian tourists,” Reshetnikov noted. “It offers premium services, modern infrastructure, and an appealing climate — all at competitive rates.” He highlighted how the complementary weather between the two nations creates ideal conditions for year-round travel in either direction.With direct flights now available between Bahrain and Moscow, both sides are optimistic that travel exchanges will expand — boosting not only tourism but also people-to-people connectivity.

Russia Invites Gulf Investment  

The minister also extended an open invitation to Gulf investors, including those from Bahrain, to take advantage of evolving opportunities in the Russian economy. “With many Western firms exiting our markets, new spaces have opened up, especially in sectors like green energy, agriculture, manufacturing, and advanced technologies,” Reshetnikov said. “We welcome our partners from the Gulf to explore these investment frontiers.”

He assured that Russia practices a non-discriminatory investment policy, treating foreign investors with the same regard as local companies. “This is a crucial moment for building strong, long-term partnerships across new and promising industries,” he added.

Expanding Trade and Investment 

In the first quarter of 2025, Bahrain-Russia trade saw a 50% increase, a sign of growing engagement. However, Reshetnikov acknowledged that more could be done. Key areas for expansion include, Agricultural trade, Pharmaceuticals, Oil and energy equipment, Joint industrial and technological ventures.The minister also praised Bahrain’s strategic role as a gateway to wider markets in the Gulf, Asia, and Africa. “Russian businesses don’t just see Bahrain as a destination , they see it as a launchpad,” he said.

Reshetnikov lauded the Gulf region for pursuing balanced energy strategies that incorporate both oil and renewables. “This dual approach helps ensure energy security while advancing climate goals,” he noted. Russia, through its partnership with OPEC+ and other regional mechanisms, continues to work closely with GCC nations to stabilize global energy markets and ensure predictability in supply and demand.

SPIEF 2025

Describing the visit as “very important and timely,” Reshetnikov said the delegation aimed to align preparations ahead of Bahrain’s high-profile role at SPIEF “We’re finalizing agreements, working on memorandum of understanding, and setting the stage for Bahrain’s meaningful participation,” he said. “This forum is not just ceremonial, it's a platform for actionable deals and cross-sector cooperation.”

“From tourism to technology, from investments to energy, the Bahrain-Russia partnership is entering a new chapter. We’re excited for what lies ahead and we look forward to welcoming Bahrain in St. Petersburg this June.” he added.