Two Arab countries, the UAE and Bahrain, signed an agreement on mutual protection and investment promotion. This agreement was signed during a meeting of the Supreme Committee, which serves as a forum for coordinating efforts to strengthen economic ties between the two countries. Participants of the meeting expressed their intention to deepen cooperation in all areas related to economic development.
One of the key goals of the agreement is to create a favorable investment environment to attract more investments and contribute to the economic growth of both countries. The leaders of the delegations expressed hope that the signing of this specific agreement will mark a new beginning in the field of economic cooperation and allow for deeper interaction and respect between the peoples.
The agreement also presumes mechanisms for protecting investments and regulating disputes, which contributes to enhancing trust between the entrepreneurs and investors of both countries. It is important to note that this agreement on mutual protection of investments is another step towards deepening friendly relations between the UAE and Bahrain and provides a stable basis for future economic cooperation.
