The celebration of Saudi Foundation on February 22 of each year is an opportunity to celebrate the great economic achievements made in the Kingdom of Saudi Arabia, including the remarkable development in its economic relations with the Kingdom of Bahrain. As this day shows how cooperation between the two countries in various economic sectors, such as trade, industry and energy, has become an essential part of the future vision of both countries.
These joint strategic relations, especially in sectors such as trade between the two countries and joint investments in major projects, enhance the commitment to sustainable economic development, which are part of their joint vision within the framework of the Kingdom of Bahraini and Saudi Arabia’s 2030 vision. Economic relations between the Kingdom of Bahrain and the Kingdom of Saudi Arabia are among the most prominent bilateral relations In the Arab Gulf region, where these relations are witnessing a continuous development in various economic fields. In light of the changing global economic conditions, the economic relations between the Kingdom of Saudi Arabia and the Kingdom of Bahrain remain one of the most prominent models of strong and fruitful Gulf cooperation.
This cooperation reflects an integral strategy between the two countries that focus on maximizing the common economic benefits, whether through bilateral trade, or joint investments in many vital sectors. In this context, the importance of the Saudi Foundation Day is highlighted, as this day is a symbol of the economic and developmental start of the Kingdom, and a moment to celebrate the achievements that have been achieved in various fields, including economic relations with Bahrain. The Kingdom of Saudi Arabia is the largest commercial partner for Bahrain in the region. In the third quarter of 2024, the volume of trade exchange between the two countries reached approximately 10.8 billion riyals, as Saudi Arabia still represents the largest market for Bahraini commodities exports, and petroleum and petrochemical products are considered one of the most prominent goods that are exchanged between the two countries, as well as other commodities such as foodstuffs , And electrical tools and consumer products. These numbers show that the trade exchange between Bahrain and Saudi Arabia achieves growth Continuing, which reflects the desire of both countries to enhance joint economic relations and expand the areas of cooperation in the future, this expansion in trade relations coincides with the economic development witnessed by the Kingdom of Saudi Arabia within the framework of Vision 2030, which aims at economic diversity and a transformation into an economy based on knowledge and innovation.
With regard to Bahraini exports, the Kingdom of Saudi Arabia is one of the most important destinations for exports, and the value of Saudi exports to Bahrain reached about 7.9 billion riyals, and this growth comes as a result of the development of Bahraini economic sectors and its ability to meet the needs of the Saudi market in multiple fields.
For its part, Bahraini imports from Saudi Arabia are diverse, as their imports from Bahrain recorded approximately 2.9 billion riyals, and include industrial equipment, machinery, and chemicals, and this exchange reflects the integration between the economies of the two countries and paves the way to enhance broader economic partnerships in the future. The Kingdom of Saudi Arabia seeks to Enhancing its economic relations with Bahrain through various investments that include many promising sectors. Joint projects in the fields of energy, industry and technology are among the most prominent aspects of investment cooperation between the two countries. This cooperation contributes to deepening economic integration between the two countries, especially in light of the efforts made by both governments to develop modern technological and industrial infrastructure. Among the prominent joint projects, there are many initiatives that focus on renewable energy and heavy industries, in addition to encouraging investments in the tourism and service sectors. This trend reflects the common vision of the two countries towards enhancing economic diversity and achieving sustainable development. With the continued implementation of the Vision 2030 in the Kingdom of Saudi Arabia, it is expected that the pace of cooperation between Bahrain and Saudi Arabia in many economic sectors will be accelerated, trade relations between the two countries will continue to grow, especially in light of mutual investments and major projects that aim to enhance economic integration between the two countries, so sustainability This cooperation will depend on the exploitation of available opportunities in new areas such as technological innovation and renewable energy.
In the context of celebrating the Saudi Foundation Day, this day is an opportunity to evoke the historical ties that bring together Bahrain and Saudi Arabia, as this relationship extends for decades, and is considered as the cornerstone of regional cooperation and integration. The Saudi Establishment Day is celebrated not only as a date for the establishment of the state, but also as a date for providing bridges of cooperation between the Gulf states, especially Bahrain, to enhance joint economic development. In addition to celebrating the achievements made on the ground, this day is a moment to look to the future, where
