Saudi-Bahrain Q3 non-oil trade increases by 43%
Non-oil trade between Saudi Arabia and Bahrain increased 43 percent to $688.4 million during the third quarter of 2020 compared to $481 million during Q3 of 2019.
The surge in trade between both countries comes following the ease of restrictions on cargo transit over the King Fahd Causeway back in August.
Bilateral commerce between the two nations surged 12 percent past the $2 billion mark during the first three quarters of 2020 to record a substantial year-on-year increase from the 2019 figure of $1.93 billion.
With the lowest manufacturing costs in the region, Bahrain is fast becoming the manufacturing and logistics hub of choice for many global manufacturers including Arla, Reckitt Benckiser, Mondelez and Olayan Kimberley-Clark.
Abdulhakim Al Shamary, board member of the Bahrain Chamber of Commerce and Industry (BCCI), said: “The King Fahd Causeway acts as an essential link between Bahrain and the wider $1.5 trillion Gulf economy for millions of passengers and commercial trucks each year.
“Despite COVID-19, commercial drivers have still been able to use the bridge enabling critical continuity for the logistics sector.”
