Gulf Railway boosts trade

Nabeel Khalid Kanoo, President of the Bahrain Chamber of Commerce and Industry, said that signing the General Agreement to connect the GCC states through a railway network marks a step toward strengthening economic and trade integration across the Gulf. He said that, once implemented and operational, the project would facilitate the movement of goods, reduce transport and shipping costs, improve the efficiency of supply chains and the competitiveness of businesses, and create investment opportunities in logistics, industry, trade, and tourism. It would also enable small and medium-sized enterprises to benefit from the expansion of activities linked to the network. He affirmed that Bahrain’s private sector is ready to take part in these opportunities, stressing the importance of coordination between governments and the private sector to maximize economic returns.

Size: 120%Text Size

Notice: This Is an AI-Generated Summary

Display The Full Article