BCCI: Trade Exchange with Saudi Arabia Increased by 43%

  • Manama, Kingdom of Bahrain
  • 26 October 2020

The Bahrain Chamber of Commerce and Industry revealed that the volume of non-oil trade exchange between Riyadh and Manama increased by 43 percent, to reach $688.4 million during the third quarter of this year, compared to $481 million during the same period last year.

This increase in trade exchange between the two countries comes despite the measures imposed through the King Fahd Causeway until last August, at a time when bilateral trade exchange between the two countries increased by 12 percent to more than two billion dollars during the first nine months of 2020, to record a significant increase in the trade volume year on year compared to $1.9 billion in 2019.

Saudi Arabia is one of Bahrain's main trading partners, as the majority of imports and exports flow through the King Fahd Causeway, which is 25 kilometers long and connects the two kingdoms by land. In this context, a member of the Board of Directors of Bahrain Chamber of Commerce and Industry, Abdul Hakim Al-Shammari, explained that “the King Fahd Causeway is a major artery linking Bahrain’s economy with the economies of the Gulf countries, which are valued at $1.5 trillion, and are of interest to millions of travelers and transit commercial trucks,” pointing out that "despite the effects of the Corona pandemic, commercial cargo drivers are still able to use the bridge, which provides an important continuity of the activity of the logistics sector."

Source (Al-Sharq Al-Awsat Newspaper, Edited)

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