Kuwait China Investment Company (KCIC) is aiming to lure in investments to the Bahraini capital worth up to USD 1 billion on the short-run, KCIC Business Development Director Abdelrahman Hasan told KUNA, on Wednesday.
Hasan said Chinese investors are interested in logistic sectors in the Bahraini market and keen on opportunities in industry, transportation, and the like. A KCIC subsidiary, he added, discussed offer of such opportunities to the Chinese with Bahraini officials, and the proposals were met favorably as a whole.
The corporate official expected Chinese capital to enter Bahrain before the end of 2011, stressing these investments would mean great job opportunities in Bahrain. There is great potential still, he said, when one considers the Chinese investors' desire to enter the GCC market.
Results of this shared interest included the signing of a contract with a Chinese national oil company on investment in the GCC, as well as a contract with the first Chinese fund for investment both locally and abroad. The combined investment comes to millions of dollars.
KCIC is also interested in opening channels of more active exchange between the Chinese and the GCC markets. In view of the current difficulties facing most international market, the Chinese market offers great opportunities which ought not be overlooked, Hasan said.
KCIC is the first along this track, he noted, and specializes in the Chinese market with great expertise in investment, and highly capable technical staff to handle the particulars of the Chinese economy.
The company is playing a great role in encouraging Chinese investors to debut in the Gulf.