naseba group and International Business Consultancy Group (IBCG), a progressive investment company providing strategic business development services to international organisations and investors within the GCC, announced their strategic partnership to collaborate on producing and hosting a series of events in Bahrain.
"I’m delighted with my partnership with naseba in Bahrain, being a leading and professional organisation and I look forward to developing our relations at the MENA Investors Summit 2010,” commented Dr. Khalid M. Al Sharfa, Chairman of IBCG.
The partnership aims to produce and execute a series of high quality targeted investment events in Bahrain, which has long been recognised as the GCC’s established business centre and financial services leader. Launching the partnership is the MENA Investors Summit - hosted in Manama on 1st – 2nd June this year. The summit will focus on investment opportunities in Bahrain and will bring leading regional and international investors together for networking, capital raising workshops and panel discussions.
Bahrain’s Economic Vision 2030[1], which “aspires to shift from an economy built on oil wealth to a productive, globally competitive economy, shaped by the government and driven by a pioneering private sector”, is based on three principles that determine its development process - sustainability, competitiveness and fairness.
This united vision reinforces Bahrain’s position as the first choice for MENA business operations and is echoed by the Bahrain Economic Development Board[2], which reports that in addition to being an ideal gateway to the region, the Kingdom’s operational costs are among the most competitive. The Board goes on to say that existing investment opportunities are expanding across multiple industries including automotive manufacturing, information communication technology, real estate and tourism.
Recent statistics from the World Investment Report[3] show that in 2009 Bahrain foreign direct investment (FDI) stocks were at 70 percent; the highest amongst GCC countries in comparison to GDP. In the same year, Bahrain FDI outflows were at 32 percent; again the highest in the region compared to gross fixed capital information.
The alliance between naseba and IBCG is a crucial link in strengthening this chain of economic and investment developments taking place in Bahrain at the moment, and will provide a wealth of unique platforms for new investment opportunities across the region.
“This alliance will leverage IBCG’s knowledge of the business community and extensive network, as well as optimise naseba’s capabilities in events marketing and sales. We are excited about the platform of business opportunities the partnership with IBCG will bring to both organisations. This alliance is another strengthening milestone for naseba’s presence in the Middle East” said Scott Ragsdale, Chairman of naseba group.
Since its inception in 2002, naseba has established strategic partnerships with governments and private organisations in developed and emerging markets across the globe. The group has enjoyed operational success in Europe, Middle East, North Africa, India and Asia/Pacific. In alignment with continuing this success and expansion strategy, naseba’s partnership with IBGC is vital in cementing operations in the GCC region.
