BAHRAIN EDB TO HOST QUARTERLY BUSINESS LAW FORUM

Bahrain’s Economic Development Board (EDB) is hosted the second of its quarterly Business Law Forums for 2023 last month.

With these forums, the Bahrain EDB aims to establish a platform to facilitate a space for stakeholders and experts to regularly discuss and debate topical issues, learn about the latest development in the realm of business law and assess the need for improving existing laws or the introduction of new laws to improve the ecosystem for doing business in the Kingdom, a statement said.

In view of the Bahrain EDB’s mandate to attract investment opportunities and enhance Bahrain’s investment climate, it champions regularly reviewing existing business legislation and establishing dynamic business laws, with a particular focus on addressing potential issues in ICT and priority sectors outlined in the Economic Recovery Plan, as this is considered vital to support the development of a business-friendly environment.

Moreover, it helps to enhance the ecosystem to attract investment and further diversify the economy, thereby stimulate economic growth and increase high-value opportunities for employment, said the statement. The forum focused on knowledge exchange and discussion of digital markets, digital services and data governance. It also touched on regional developments in in company law and commerce law together with other topical legal issues.

Dr. Jameel Al Alawi, Senior Legal Advisor at Bahrain EDB, said: “We in EDB are proud to organise these quarterly business law forums. Through these forums, we hope to build on Bahrain’s pioneering strides towards enriching the business ecosystem, by enabling discussion and debate and providing relevant insights to further elevate Bahrain’s competitiveness on a global map.”

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