Over 1 million pilgrims benefit from golf cart service at Grand Mosque during Ramadan    Visitors welcomed with Eid initiative at Thee Ain Heritage Village in Al-Baha    Tebuk emir reviews rain response in Tayma    Saudi Arabia considers rent cap as part of major real estate reforms    Messi's bodyguard banned from touchline at Inter Miami games    Screen time in bed linked to insomnia, study finds    Le Pen vows to appeal political ban, calls verdict a 'denial of democracy'    Death toll from Myanmar earthquake rises to 2,719 as rescue efforts continue    Russia, Ukraine trade blame over new energy strikes    Putin orders Russia's largest military call-up in over a decade    Albania hosts MWL chief for Eid sermon at largest mosque in the Balkans    Haramain High-Speed Railway transports over 1.2 million passengers during Ramadan    Saudi Transport Authority says passengers can ride for free if taxi meters are off    Ministry of Education forms 425 community partnerships with SR653 million impact    Mexico bans junk food in schools to fight childhood obesity epidemic    Sweet sales surge ahead of Eid as Saudi chocolate imports top 123 million kg in 2024    Saudi creatives shine at Jeddah's Fawanees Nights with art, fashion, and storytelling    T1 CEO confirms Gumayusi's return for LCK Spring after lineup shakeup    100 Thieves claim Marvel Rivals Invitational NA crown as 2025 scene heats up    Bollywood actress vindicated over boyfriend's death after media hounding    Saudi Arabia hold Japan to goalless draw in Saitama to stay in World Cup hunt    Grand Mufti rules against posting prayers and preaching in mosques on social media    King Salman prays for peace and stability for Palestinians in Ramadan message King reaffirms Saudi Arabia's commitment to serving the Two Holy Mosques and pilgrims    Bollywood star Saif Ali Khan 'out of danger' after attack at home in Mumbai    Exotic Taif Roses Simulation Performed at Taif Rose Festival    Asian shares mixed Tuesday    Weather Forecast for Tuesday    Saudi Tourism Authority Participates in Arabian Travel Market Exhibition in Dubai    Minister of Industry Announces 50 Investment Opportunities Worth over SAR 96 Billion in Machinery, Equipment Sector    HRH Crown Prince Offers Condolences to Crown Prince of Kuwait on Death of Sheikh Fawaz Salman Abdullah Al-Ali Al-Malek Al-Sabah    HRH Crown Prince Congratulates Santiago Peña on Winning Presidential Election in Paraguay    SDAIA Launches 1st Phase of 'Elevate Program' to Train 1,000 Women on Data, AI    41 Saudi Citizens and 171 Others from Brotherly and Friendly Countries Arrive in Saudi Arabia from Sudan    Saudi Arabia Hosts 1st Meeting of Arab Authorities Controlling Medicines    General Directorate of Narcotics Control Foils Attempt to Smuggle over 5 Million Amphetamine Pills    NAVI Javelins Crowned as Champions of Women's Counter-Strike: Global Offensive (CS:GO) Competitions    Saudi Karate Team Wins Four Medals in World Youth League Championship    Third Edition of FIFA Forward Program Kicks off in Riyadh    Evacuated from Sudan, 187 Nationals from Several Countries Arrive in Jeddah    SPA Documents Thajjud Prayer at Prophet's Mosque in Madinah    SFDA Recommends to Test Blood Sugar at Home Two or Three Hours after Meals    SFDA Offers Various Recommendations for Safe Food Frying    SFDA Provides Five Tips for Using Home Blood Pressure Monitor    SFDA: Instant Soup Contains Large Amounts of Salt    Mawani: New shipping service to connect Jubail Commercial Port to 11 global ports    Custodian of the Two Holy Mosques Delivers Speech to Pilgrims, Citizens, Residents and Muslims around the World    Sheikh Al-Issa in Arafah's Sermon: Allaah Blessed You by Making It Easy for You to Carry out This Obligation. Thus, Ensure Following the Guidance of Your Prophet    Custodian of the Two Holy Mosques addresses citizens and all Muslims on the occasion of the Holy month of Ramadan    







Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.



Nearly SR3bn in trade between Bahrain and KSA in Q1 2021
Published in The Saudi Gazette on 27 - 04 - 2021

The Kingdom of Saudi Arabia (KSA) accounted for almost half of all GCC trade with Bahrain during the first quarter of 2021. Non-oil trade between the two countries reached SR2.96 billion ($789 million) according to the latest figures released by Bahrain's eGovernment and Information Authority; reflecting both Kingdoms' commitment to ongoing economic diversification.
The continuous flow of trade is largely due to the uninterrupted movement of commercial goods between the two countries via the King Fahd Causeway. New logistics technology and the introduction of the Authorized Economic Operator (AEO) program that expedites processing for multinationals based in Bahrain and Saudi Arabia has cut the waiting period for trucks from an average of four hours to 20 minutes.
Discussing the trade figures between KSA and Bahrain, Ali Al Mudaifa, executive director of Bahrain's Economic Development Board said: "Bahrain's trading relationships continue to grow strongly. Bahrain offers the region's best value operating costs and great connectivity — only a 40-minute drive away from the region's biggest market — coupled with the introduction of the AEO and advanced logistics technology have helped to drive increased trade. It is great to see both Kingdoms working to find creative solutions to keep business flowing across our borders."
The total value of trade in between the GCC and Bahrain reached SR6.6 billion ($1.76 billion), a rise of 6 percent from Q1 2020. Reaching second place in GCC trade with Bahrain is the United Arab Emirates (UAE), recording SR2.4 billion ($639 million), an increase of 15 percent from Q1 2020. Trade with Oman also showed a significant increase, reaching SR862 million ($230 million), a 27 percent rise from Q1 2020. Oman was followed by Kuwait, recording SR 367 million ($98 million) in bilateral trade in Q1 2021.
The value of global imports increased by 4 percent, reaching SR13.2 billion ($3.52 billion) during the first quarter of 2021. Exports of nationally produced products from Bahrain increased by 18 percent, reaching SR6.75 billion ($1.811 billion) globally. The manufacturing sector is a key driver of the Kingdom's economic diversification and a significant and consistent contributor to Bahrain's economy accounting for 14.5% of the GDP.


Clic here to read the story from its source.