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Bahrain Monthly Economic and Commercial Report for the Month of April 2013

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Bahrain Monthly Economic and Commercial Report for the Month of April 2013 1 EMBASSY OF INDIA BAHRAIN MONTHLY ECONOMIC AND COMMERCIAL REPORT FOR THE MONTH OF APRIL 2013 1. Name of the Country: BAHRAIN 2. Trade with India: INDIA’S TRADE WITH BAHRAIN (Amount in ` Crores/$ Million) Details April 2007- April 2008- April 2009- April 2010- April 2011- March 2008 March 2009 March 2010 March 2011 March 2012 India’s non-oil `. 1,013.34 `. 1,314.07 `. 1,185.07 `.4115.43 `.2118.34 exports to ($ 252.47) ($ 286.52) ($ 250.21) ($ 912.18) ($ 439.99) Bahrain India’s non-oil `. 3,338.82 `. 6,366.72 `. 2,384.55 `.2919.49 `.4183.49 imports from ($ 835.42) ($ 1,442.82) ($ 502.86) ($ 641.25) ($ 876.30) Bahrain Total trade `. 4,352.15 `. 7,680.79 `. 3,569.62 `. 7,034.92 `.6,301.83 ($ 1,087.89) ($ 1,729.34) ($ 753.07) ($ 1,553.43) ($ 1,316.29) Source: MOC, New Delhi February 2013 2 INDIA’S OIL IMPORTS FROM BAHRAIN (Amount in Thousand US Dollars) Details January – January – January – January- December December December December 2008 2009 2010 2011 India’s Oil imports US$1,650.08 US$518.26 US$517.603 US $1655.888 January- December 2012 US $ 825,300 Source: NOGA, Kingdom of Bahrain. March 2013 3. Trade Promotional Activities organized in April 2013 in Bahrain and activities planned in the next six months.: Trade promotional activities organized (April 2013) : i) Monthly Economic and Commercial Bulletin for the month of April 2013, along with details of trade enquiries received from India, forwarded to leading Bahraini companies (BAH/COM/201/3/2013). ii) Weekly Economic Bulletins received from the ITP Division of the Ministry of External Affairs were forwarded by e-mail to Ministry of Finance, Bahrain Chamber of Commerce & Industry, and Economic Development Board and to the leading Bahraini companies iii) Details of the INDIASOFT (IT event) organized by the Electronic and Computer Software Export Promotion Council on 28th & 29th November, 2013 at Mumbai Were forward to Ministry of Foreign Affairs, Bahrain Chamber of Commerce and Industry, Bahrain Businessmen’s Association, Bahrain India Society, Economic Development Board and Companies in the related fields for information and participation. (BAH/COM/212/06/2011) 4. Trade and Commercial delegation from India to Bahrain and Trade and commercial delegation from Bahrain to India: Nil 3 5. Important International Trade Fairs/Exhibitions in Bahrain. Report on recent such fairs/exhibitions, including details of Indian participation & response. BAHRAIN FAIR 2013: The event was held under the patronage of H.E. Dr. Hassan A. Fakhro, the Minister of Industry and Commerce from 3–6 April at the exhibition centre. The show became an annual attraction and was staged as an incentive for local business and manufactures to branch out, expand, expose and retails their products to consumers. A wide range of products and services were on display during this 4 day extravaganza ranging from jewellery & watches to textiles & furnishing and electrical goods. FOOD & HOSPITALITY EXPO 2013: The 5th Annual Food & Hospitality was held on 16–18 April, 2013 at Bahrain International Exhibition and Convention Center. The event was supported by Bahrain’s Ministry of Industry and Commerce and is part of the events portfolio of Bahrain Exhibition and Convention Authority (BECA). It is the Kingdom’s largest gathering of food, beverage and hospitality industry professionals. Food & Hospitality Expo has in the past launched new products and product enhancements since it debuted in January 2009. The expo brought together an international audience of buyers, retailers, distributors, food & beverage professionals and the relevant media providing an ideal opportunity to facilitate deals between buyers and sellers, importers and exporters worldwide. THE HEALTH & WELLNESS EXPO 2013: The Health and Wellness Expo, organized by BECA and supported by the Ministry of Industry and Commerce, Ministry of Health and Bahrain Chamber of Commerce and Industry, was held from 16–18 April, 2013 at Bahrain International Exhibition and Convention Center. The expo aimed to promote well being and holistic lifestyle practices that will make a positive difference in one’s day to day living. The industry professionals had an opportunity to have B2B meetings and to achieve maximum exposure for their brands, gain networking opportunities and increase revenue sources. International and regional exhibitors from countries like Bahrain, Saudi Arabia, India, Thailand and Cyprus with all kinds of buyers, retailers, importers, exporters, distributors and doctors of all sectors, participated in the Expo. THE 2013 BAHRAIN GRAND PRIX: The Formula One Gulf Air Bahrain Grand Prix is now in its ninth year and remains the Gulfs largest annual sporting, business and leisure platform, as well as Bahrain’s leading International event and shop window to the World. The 2013 Formula 1 Gulf Air Bahrain was held on 19 – 21 April 2013, at the Bahrain International Circuit in Sakhir, Bahrain. Contested over 57 laps, it was the fourth round of the 2013 season, and had been held as a round of the Formula One World Championship. The controversial race went ahead despite ongoing protests which had been taking place since the cancellation of the 2011 event. 2013 NAME OF EXHIBITION SCHEDULED DATE GULF INTERIORS 2013 MAY 07, 2013 GULF PROPERTY 2013 MAY 07, 2013 4 GULF BID 2013 MAY 07, 2013 BAHRAIN EXHIBITION FOR TRAINING & EDUCATION PRE EMPLOYMENT 2013 MAY 15,2013 AL HAWAJ CLEARANCE SALE 2013 AUGUST 01,2013 SUMMER FESTIVAL 2013 AUGUST 08, 2013 SUMMER ACTIVITIES FOR YOUTH & SPORTS ORGANIZATION 2013 AUGUST 11, 2013 MIDDLE EAST PROCESS ENGINEERING CONFERENCE & EXHIBITION SEPTEMBER 30, 2013 (MEPEC)2013 BAHRAIN – INDIA EXHIBITION OCTOBER 22-24,2013 FASHION CLEARANCE SALES 2013 OCTOBER 23, 2013 CAREER EXPO 2013 OCTOBER 29, 2013 JEWELLERY ARABIA 2013 NOVEMBER 19, 2013 BAHRAIN INTERNATIONAL DESIGN WEEK 2013 DECEMBER 03, 2013 MEET ICT 2013 DECEMBER 10, 2013 6. Important Trade & Investment activities by other countries in Bahrain and Analysis of Export performance of competing countries. SOUTH KOREA: H-Plus Eco Limited, a leading environmental consulting, engineering and construction services company based in South Korea, has signed a service agreement with Yusuf Bin Ahmed Kanoo Group of Companies (YBA Kanoo), one of the Gulf’s largest independent, family-owned, companies established in Bahrain in 1890. The agreement was signed as a direct result of the two companies meeting during an official visit to South Korea by His Royal Highness Prince Salman bin Hamad Al-Khalifa, First Deputy Prime Minister and Chairman of the Bahrain Economic Development Board who led a high power Bahraini business delegation in May 2012. Under the terms of the service agreement, YBA Kanoo will act as H-Plus Eco Ltd.’s representative in Bahrain. The company will be able to offer soil and groundwater remediation consultancy, smart farm services, environmental technologies, and environmental consultancy to companies and institutions in the Kingdom. TAIWAN: His Majesty King Hamad bin Isa Al Khalifa made an Official three day visit to Thailand on 18th April, 2013. The King called on Thai Monarch and held discussions on bolstering the outstanding Bahraini–Thai relationship of friendship and cooperation in the economic investment, fields of trade and food security. The visit had a positive impact on increasing the volume of bilateral trade exchange and paved way for the private sector in both countries to start joint projects. UK: The Cohen International Group (TCIG), a leading global entrepreneurial organisation, offices are now fully operational and the group has launched a number of new and innovative concepts and partnerships in Bahrain and the region as a whole. Established in 1991 in the United Kingdom the group now operates four divisions boasting a team of 5 thousands of employees and affiliates. Bahrain will act as a MENA region hub for TCIG, with offices located in the Seef District. TCIG operations at full throttle and its plans are intense in 2013. TCIG Creative Hub specialises in performance business solutions for Arabic and English markets with a focus on identifying and nurturing brand new business concepts to reality, and Bahrain has the technology infrastructure, domestic economy opportunities and regional connections to expand business. They are embarking on a strategy to revitalise the online presence of companies and organisations by creating effective, modern and revolutionary websites and online concepts that will support businesses in Bahrain and beyond. Entrepreneurial businesses will have an important role to play in the long term future of the Bahraini economy. GCC WATER PROJECT: An agreement to study a water interconnection project between Gulf States has been signed in Bahrain. The vital Project will provide emergency water supplies to the countries in the GCC in case of plants shutting down in any of the countries. The aim of the project is to develop a strategic and comprehensive work system for all the GCC Countries for the efficient management of their water resources. 7. Analysis of global exports & imports of Bahrain especially with respect to products of export and import interest to India. Bahrain’s non-oil exports/imports (Top countries) EXPORTS (Amount in Million) S.No. Country Amount in Amount in US$ BD 1 Saudi Arabia 275.30 729.55 2 U.A.E. 100.06 265.16 3 Qatar 77.65 205.77 4 U.S.A. 64.97 172.17 5 India 64.23 170.21 6 Sultanate of Oman 30.46 80.72 7 Kuwait 29.68 78.65 8 Egypt 23.30 61.75 9 Australia 20.05 53.13 10 Jordan 18.39 48.74 Remaining countries 202.13 535.64 6 Bahrain’s total exports 906.22 2,401.49 IMPORTS S.No. Country Amount in BD Amount in US$ 1 Saudi Arabia 171.01 453.17 2 U.A.E. 87.57 232.06 3 China 69.87 185.15 4 Australia 46.88 124.23 5 Japan 46.01 121.92 6 U.S.A.
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