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Bahrain to partner with private sector to ramp up investments in oil projects

Oil Minister stresses government's support for investments in strategic projects. (BNA)
  • The oil minister said that investments can be made in partnership with the private sector, especially banks providing the necessary support
  • He made the remarks in a meeting with Abdulfattah Sharaf, HSBC Bank Middle East Board of Directors Chairman, and the accompanying delegation

Manama, Bahrain–Bahrain has indicated its keenness to encourage investments in the kingdom’s oil and environmental projects through partnerships with the private sector, especially banks, to achieve sustainable development goals.

Dr. Mohammed bin Mubarak bin Daina, Oil and Environment Minister, Special Envoy for Climate Affairs, has affirmed the government’s keenness to encourage investments in the kingdom’s oil and environmental projects.

This can be done through enhancing partnership with the private sector, especially banks that provide the necessary support and facilities to finance those projects that contribute to achieving sustainable development goals.

The minister made the statements while receiving Abdulfattah Sharaf, HSBC Bank Middle East (HBME) Board of Directors Chairman, and his accompanying delegation, with whom he discussed ways to enhance partnership and cooperation in various oil and environmental projects in t eh kingdom.

Sharaf reviewed HBME’s current and future projects in the social and economic fields to consolidate community partnership between public and private institutions.

He commended the government’s constant support for the operations and programs of banks that attract investments to the kingdom’s pioneering development projects.