Bahrain Announce $17 Billion Deals with US Private Sector

In a big push to the Bahrain and US trade relations, private companies from both countries have signed several agreements that are valued at an approximate $17 billion on Wednesday.

The signing ceremony was attended by H R H Prince Salman bin Hamad Al Khalifa, the Crown Prince and Prime Minister of Bahrain, and Chair of the Board and Chair of the Executive Committee of the US Chamber of Commerce Ross Perot Jr.

The agreements that were signed include digital solutions for the government’s information and telecommunications network from Cisco, signed by Bahrain’s ambassador to the US Shaikh Abdulla bin Rashid Al Khalifa, and Nicole Isaac, Vice President, Global Public Policy, Government Affairs at Cisco.

The companies have also agreed to establish an 800 km multi-fiber submarine cable linking the Bahrain, Saudi Arabia, Kuwait, and Iraq with global networks. The agreement was signed by Mumtalakat CEO Shaikh Abdulla bin Khalifa Al Khalifa and by SubCom CEO David Coughlan.

The agreements also covered the launch of direct flights between Bahrain and New York, a strategic cooperation between Bahrain’s Mumtalakat Holding Company and several US companies, with a total investment value of $2 billion, aimed at creating job opportunities in aluminum-related downstream industries and a collective investment of $10.7 billion in the US by Bahrain-based financial institutions and private sector firms.

Bahrain’s Progress Emphasised

His Royal Highness also attended a reception hosted by the US Chamber of Commerce at its headquarters, bringing together the Bahraini and US companies. Among those present included Shaikh Isa bin Salman bin Hamad Al Khalifa, the Minister of the Prime Minister’s Court.

Speaking on the occasion, His Royal Highness attributed the progress witnessed across all sectors, including the economy, in Bahrain to the ambitious vision of His Majesty King Hamad bin Isa Al Khalifa, and to the tireless efforts and determination of Team Bahrain in building a more prosperous future for his country.

His Royal Highness further noted that Bahrain continues to champion the expansion of international partnerships that deepen economic growth and attract valuable investment opportunities.

He also highlighted the importance of supporting bilateral economic and investment cooperation by strengthening existing partnerships, which contributes to the development of key sectors. “The private sector in both Bahrain and the US serves as a vital partner in advancing greater cooperation between the two countries,” he said.

His Royal Highness highlighted the bilateral relations between the two countries that were based on the strong foundations of friendship and joint cooperation, which were strengthened by strategic partnerships across diverse sectors spanning over 130 years.

He said that strengthening cooperation between the two countries is crucial to create opportunities for development through joint investments, expertise exchange, and partnerships that advance mutual interests.

In his comments, Bahrain’s Minister of Finance and National Economy Shaikh Salman bin Khalifa Al Khalifa welcomed the investment package between the private sectors of the both nations, which encompassed agreements across the fields of aviation, technology, industry, and investment.

The Minister of Finance and National Economy also emphasised that this cooperation reflected the mutual trust and robust partnership between the two countries.

He also affirmed that Bahrain continues to strengthen its position as a leading investment destination and a strategic partner for the US in the Arabian Gulf region, which was supported by Bahrain’s open economic environment, advanced legislative framework, and established trade agreements—most notably the Free Trade Agreement—which serve as a gateway for American companies to access lucrative regional markets.