In the presence of His Royal Highness Prince Salman bin Hamad Al Khalifa, Crown Prince and Prime Minister, during his official visit to the Arab Republic of Egypt, the Economic Development Board signed a Memorandum of Understanding with the General Authority for Investment and Free Zones in Egypt to enhance bilateral investment relations.

The MoU was signed on behalf of Bahrain by Nour bint Ali Al Khalifa, Minister of Sustainable Development and CEO of the Economic Development Board, while on the Egyptian side it was signed by Mr. Hossam Heba, CEO of the General Authority for Investment and Free Zones in Egypt.

On this occasion, Nour bint Ali Al Khalifa emphasized the importance of the MoU with the General Authority for Investment and Free Zones in strengthening investment cooperation between Bahrain and Egypt. The MoU will help establish an effective regulatory framework to boost bilateral investments, exchange information on opportunities in key sectors and investment initiatives, promote investment opportunities, and provide services to investors in both countries, supporting the achievement of mutual economic goals.

It is noteworthy that the Arab Republic of Egypt ranked 14th among the largest partners in non-oil trade with the Kingdom of Bahrain in 2024 in terms of import volume, and ranked 6th among the largest export destinations. The two countries enjoy strong trade relations, reflected in the bilateral non-oil trade volume of 460.5 million US dollars. Egyptian investments in Bahrain are concentrated in professional, scientific, and technical services, as well as finance and insurance.