Abdulhameed Al Kooheji, who is second vice-chairman of BCCI, stated that Bahrain’s Chamber of Commerce and Industry (BCCI) is drafting a law that will smooth the process for investors to enter and exit the market. Law has the intention to eliminate obstacles for foreign and domestic investors and to boost competition in Bahrain’s market. According to Al Kooheji “It is important to have a unique investment law that stimulates the flow of investments and puts Bahrain on the map of attractive investment destinations in line with economic reforms initiated by the wise leadership, Vision 2030, and the aspirations of the business community”.

He also declared that “the law is to safeguard investors’ interests, encourage their growth and grant them the liberty to leave the market should they choose to”.

Mohammed Al A’amer, director of legal and arbitration at BCCI, told that first draft of the law has been completed and sent to the chamber’s legal committee for reviewing.

To be accepted the law should pass such stages as a draft should be sent to external bodies such as the Industry, Commerce and Tourism Ministry, Economic Development Board for reviewing, after which it will be submitted to the chamber’s board for approval. It will then be sent to the ministry to have the law issued.

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