“Transport Working Group”, a joint meeting that brings together government agencies and the private sector | Kanebridge News
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“Transport Working Group”, a joint meeting that brings together government agencies and the private sector

Ajman Chamber reviews the current situation of the transportation sector and its proactive solutions.

Mon, Mar 4, 2024 4:56pmGrey Clock 2 min

The Ajman Chamber of Commerce and Industry (ACCI) held a joint meeting of its “Transport Working Group” to discuss the current situation of the transportation sector and develop proposals and proactive solutions to overcome the sector’s challenges in a way that supports the continuity and growth of private sector businesses.

The meeting was attended by H.E. Salem Al Suwaidi, Director General of the Ajman Chamber, and Mohamed Ali Al Janahi, Executive Director of the Member Support Services Sector at the Ajman Chamber. The Ajman Transport Authority, the Department of Municipality and Planning – Ajman, the Department of Economic Development in Ajman (Ajman DED), the Ajman Free Zone (AFZ), the Department of Port and Customs – Ajman, and officials and representatives of a group of private sector establishments (construction companies, transportation companies, and factories) also participated in the meeting.

At the beginning of the meeting, H.E. Salem Al Suwaidi welcomed the attendees and pointed out that the Ajman Chamber is keen to keep pace with all economic decisions and circulars at the federal and local levels. He stressed that the Ajman Chamber is diversifying its channels to increase cooperation and partnership between the government and private sectors to support the local economy and enhance the position of the Emirate of Ajman as a leading investment destination.

The meeting addressed the challenges of the transportation sector and its direct impact on all fields and reviewed a set of solutions and proposals that ensure business continuity and the sustainability of private sector establishments. It also reviewed the government’s efforts to prevent any increase in the prices of construction and transportation materials after postponing the implementation of the Cabinet’s decision regarding weights and dimensions of heavy vehicles.

For his part, Al Janahi stressed that the Ajman Chamber aims, through its working groups, to achieve its goals aimed at establishing a participatory approach that ensures the development of flexible future policies and strategies that enhance the contribution of the various sectors in increasing the emirate’s domestic product, protecting commercial and industrial interests, and enabling the various sectors to keep pace with the accelerating changes in the business environment and the dynamism of the markets.

The participants stressed the importance of the meeting and the role of the Ajman Chamber in convening specialized working groups and opening direct communication channels between government agencies and the private sector, which unites efforts and visions to ensure business continuity, economic sector growth, and sustainable development.



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Bahrain’s Non-Oil Exports Decline by 6% in Q2 2024

Saudi Arabia ranked first among countries for the non-oil exports of national origin with BD201 million (22%)

Fri, Jul 26, 2024 2 min

Bahrain’s non-oil exports of national origin decreased by 6% to BD894 million ($2.37 billion) in Q2 2024 compared to the same period in 2023. The top 10 countries accounted for 64% of the total export value.

According to the Information & eGovernment Authority (iGA) in its Q2 2024 Foreign Trade report, Saudi Arabia was the leading destination for these exports, totaling BD201 million (22%). The US followed with BD75 million (8.4%), and the UAE with BD73 million (8.2%).

Unwrought aluminum alloys were the top exported product in Q2 2024, amounting to BD267 million (30%), followed by agglomerated iron ores and concentrates alloyed at BD159 million (18%) and non-alloyed aluminum wire at BD49 million (5%).

Non-oil re-exports

Non-oil re-exports increased by 4% to reach BD206 million during Q2 2024, compared to BD198 million for same quarter in 2023. The top 10 countries accounted for 86% of the re-exported value. The UAE ranked first with BD58 million (28%) followed by Saudi Arabia with BD39 million (19%) and UK with BD17 million (8%).

As per the report, turbo-jets worth BD65 million (32%) were the top product re-exported from Bahrain, followed by private cars with BD11 million (5%) and four-wheel drive with BD9 million (4%).

The value of non-oil imports has decreased by 4% reaching to BD1.41 billion in Q2 2024 in comparison with BD1.47 billion for same quarter in 2023. The top 10 countries for imports recorded 68% of the total value of imports.

China Bahrain’s biggest importer

China ranked first for imports to Bahrain, with a total of BD191 million (14%), followed by Brazil with BD157 million (11%) and Australia with BD112 million (8%).

Non-agglomerated iron ores and concentrates were the top product imported to Bahrain worth BD200 million (14%), followed by other aluminum oxide with BD101 million (7%) and parts for aircraft engines with BD41 million (3%).

As for the trade balance, which represents the difference between exports and imports, the deficit logged was BD310 million in Q2 2024 compared to BD322 million in Q2 2023.

 

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