Bahrain and South Korea Investment Protection Agreement Comes into Effect

TDT | Manama

Email : ashen@newsofbahrain.com

A new agreement to encourage and protect investments between the Kingdom of Bahrain and the Republic of Korea officially came into effect today, marking a new chapter in the economic partnership between the two countries.

The agreement reflects the strong and growing ties between Bahrain and South Korea, built on years of cooperation across various fields, particularly finance, economy, and investment. Officials say the deal will open doors to broader collaboration, create more opportunities for economic integration, and support shared interests for both nations.

Engineer Nawaf Hashem Al-Sada, Assistant Undersecretary for International Cooperation at the Ministry of Finance and National Economy, highlighted that Bahrain is committed to expanding its economic partnerships with countries worldwide. He emphasized that the kingdom continues to create an investor-friendly environment and explore new opportunities for joint ventures that can benefit its citizens.

Al-Sada noted that such agreements help ensure a secure investment climate. They guarantee the free transfer of capital, profits, and other returns in convertible currency for investors from both nations. The deal also provides clear mechanisms for dispute resolution and ensures fair and prompt compensation for investors if their projects are ever expropriated for public interest under legal procedures.

Bahrain has so far signed over 40 bilateral investment agreements with countries around the world.