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A senior delegation from Bahrain led by the Capital governor Sheikh Hisham bin Abdulrahman Al Khalifa and organised by the Bahrain Economic Development Board (EDB) recently visited Shenzhen to discuss opportunities to strengthen cooperation.
They met with Ai Xuefeng, vice mayor of Shenzhen and a number of local government officials and business leaders at the Bahrain – Shenzhen Business Forum and the China High-Tech Fair.
Next year marks 30 years since China and Bahrain established diplomatic relations. In advance of the pearl anniversary, Bahrain is set to further deepen economic ties with China.
Bahrain signed eight landmark agreements with Shenzhen in the areas of technology and transportation including:
An MOU between EDB and the artificial intelligence (AI) firm, Intellifusion Technologies to advance AI dynamic portrait recognition that can benefit China, Bahrain and the Middle East. Additionally, the MOU aims to promote the exchange and development of AI technology by sharing experiences and information through seminars or forums as well as exploring the potential for establishing headquarters and an AI institute in the kingdom.
EDB partnered with Shenzhen FinTech company, IAPPPAY, to establish a full mobile payment gateway in Bahrain and explore opportunities in cryptocurrency, the possibility of initiating FinTech funds, the potential for the establishment of a Mobile Internet Incubator in the kingdom to accelerate regional digital economic development, the promotion of investment opportunities in Bahrain to leading industrial players in China, as well as the establishment of a FinTech ecosystem between MENA and China.
An MOU between EDB and Softbank China Capital – Wonder News aiming to encourage Softbank China Capital and their investment portfolio companies to establish a presence in Bahrain and use the Kingdom as a regional hub to cover the Middle East.
EDB and Shenzhen Cool-hi Network Culture Technology partnered to promote the development of E-sports between the Middle East and China including hosting E-sports events and exploring investment opportunities in E-sports downstream supply chain between MENA and China.
