Bahrain, Malaysia seek to ex­pand eco­nomic co­op­er­a­tion

New Straits Times - - News -

PUTRAJAYA: Malaysia and Bahrain are seek­ing to ex­pand eco­nomic re­la­tions while ex­plor­ing new eco­nomic po­ten­tials in this re­gion.

Min­is­ter in the Prime Min­is­ter’s Depart­ment Datuk Seri Ab­dul Rah­man Dahlan said this af­ter re­ceiv­ing a courtesy call from Bahrain’s Oil and Gas Af­fairs Min­is­ter Sheikh Mo­hamed Ahmed AlKhal­ifa at his of­fice yes­ter­day.

Rah­man, who heads the Eco­nomic Plan­ning Unit, said they had an hour-long dis­cus­sion to de­lib­er­ate mat­ters per­tain­ing to both coun­tries.

“This in­cludes a col­lab­o­ra­tion in the Is­lamic fi­nance sec­tor, with spe­cial fo­cus to shape its struc­ture and out­line reg­u­la­tion stan­dards,” he said yes­ter­day.

In sup­port of Bahrain’s eco­nomic di­ver­si­fi­ca­tion ef­forts, Sheikh Mo­hamed had also ex­pressed in­ter­est to meet Khaz­anah Na­sional Bhd rep­re­sen­ta­tives to iden­tify new op­por­tu­ni­ties in the en­ergy sec­tor, Rah­man said.

“Bahrain con­veyed keen in­ter­est to embrace Petronas, to share knowl­edge and ex­pe­ri­ences in the gas dis­tri­bu­tion sec­tor.”

Rah­man also urged Sheikh Mo­hamed to ex­plore the po­ten­tial of open­ing Bahrain’s fi­nan­cial in­sti­tu­tion in the up­com­ing Tun Razak Ex­change.

“Bahrain, too, could play an in­te­gral part as a gate­way hub for Malaysia’s small- and medi­um­scale en­ter­prises to reach a big­ger and wider mar­ket.

“Sheikh Mo­hamed will iden­tify and share Bahrain’s new pipe­line projects to give Malaysian in­vestors an op­por­tu­nity to in­vest, if ap­pro­pri­ate,” he said.

Sheikh Mo­hamed was part of Bahrain’s King Ha­mad Isa Al Khal­ifa’s del­e­ga­tion to Malaysia.

King Ha­mad be­gan his state visit to Malaysia on April 30 and is ex­pected to leave for Brunei to­day.

PIC COURTESY OF THE PRIME MIN­IS­TER’S OF­FICE

Min­is­ter in the Prime Min­is­ter’s Depart­ment Datuk Seri Ab­dul Rah­man Dahlan pre­sent­ing a me­mento to Bahrain’s Oil and Gas Af­fairs Min­is­ter Sheikh Mo­hamed Ahmed Al-Khal­ifa in Putrajaya yes­ter­day.

Newspapers in English

Newspapers from Malaysia

© PressReader. All rights reserved.