USD 100 million in export value milestone achieved by Export Bahrain
TDT | Manama
The Daily Tribune – www.newsofbahrain.com
Export Bahrain, a leading initiative of the Kingdom’s national SME Development Board, announced a new milestone by facilitating over USD 100 million in export value through small and medium-sized enterprises as of June 2021 since inception.
The official export platform of the Kingdom has strategically helped SMEs based in Bahrain to export more than 51 different product and service categories across ten sectors. Since its inception in November 2018, Export Bahrain has supported products and services that are made in Bahrain reach more than 55 markets across the GCC, Asia, Africa, Europe, Australia, the United Kingdom and the United States of America.
Despite the onset of COVID-19, the export value facilitated through Export Bahrain in the first half of 2021 has already surpassed the total export value of 2020 due to the increased awareness and shift in the mindset of local businesses. There has been a 15% rise in the number of new exporters in the market leading to a 34% increase in new markets tapped into globally through Export Bahrain.
Due to its strategic location and connectivity, Bahrain has historically been an important trading hub as these factors continue to contribute to the Kingdom’s success today. Export Bahrain always strives and focuses on developing strategic solutions and partnerships through which local businesses would benefit from and encourage and support a higher number of exports to the global markets.
Reaching USD 100 million milestones in export value is a testament that small and medium-sized enterprises that are based in Bahrain are determined to export their products and services to markets all over the world. Export Bahrain encourages businesses to diversify their product range to compete and be successful in the toughest markets by utilizing the unique and tailor-fitted solutions available through Export Bahrain’s facilitation to reach and meet the global market demands.
Commenting on this milestone, H.E. Zayed R. Alzayani Minister of Industry, Commerce and Tourism and Chairman of the SME Development Board stated: “Export Bahrain has proven to be critical to our efforts in stimulating economic growth and development over the past two years - achieving over USD 100 million in export value through the Kingdom’s small and medium-sized enterprises represent a key milestone for Bahrain’s internationalization efforts. This exemplifies the significant value exporters bring to the national economy and building on their growth potential to reach customers around the world and advance opportunities to promote for products and services made in Bahrain within the global market”.
Export Bahrain Acting Chief Executive Officer, Ms Safa Abdulkhaliq said: “The fact that Export Bahrain has achieved this figure in just over two years of operations shows that products and services made in Bahrain can successfully compete in the international market, which is a great source of national pride. This milestone is just the beginning for Export Bahrain and businesses based in the Kingdom as we aim to achieve even higher feats and milestones in the foreseeable future. With modern infrastructure, connectivity and the latest exporting deals, local manufacturers and businesses based in Bahrain are no longer limited to the domestic market and Export Bahrain is pleased to facilitate their entry into global markets via our suite of tailored solutions and services. We are constantly working to build new partnerships and expand our offerings to make it easier for SMEs to take advantage of business opportunities beyond our borders.”
For more details about this milestone or if you are interested in any of Export Bahrain’s solutions and services, please visit our website export. bh or email us at: email@example.com or call us on +973 1738 3999 or visit us at our head office at the Harbour Gate – 5th Floor – Bahrain Financial Harbour.