Miknas Affirms Readiness to Strengthen Economic Collaboration Between Bahrain and Lebanon

Biz Bahrain

3 days ago

Akram Miknas, Businessman and Chairman of Promosven, affirmed that the recent official visit of His Excellency General Joseph Aoun, President of the Lebanese Republic to the Kingdom of Bahrain marks a historic turning point in bilateral relations between the two nations. 'The high-level meetings held during the visit, particularly the meeting between His Majesty King Hamad bin Isa Al Khalifa and His Excellency the President, represented a significant milestone in strengthening ties across political, economic, and social spheres. It also stands as the highest-level visit by a Lebanese official in decades.' said Mr. Miknas Mr. Miknas emphasized the readiness of Promosven and the wider Lebanese business community to contribute meaningfully to the activation of economic collaboration between Bahrain and Lebanon by translating signed agreements into tangible projects. 'It is essential to reinstate direct flights between Bahrain and Lebanon, given the critical role such connectivity plays in revitalizing trade, stimulating tourism, and enhancing overall economic exchange. Equally, streamlining visa and residency procedures is fundamental to facilitating the movement of investors and entrepreneurs, thereby enabling the expansion of joint ventures and reinforcing the economic partnership between both nations.' In a related context, Mr. Miknas noted that Lebanon today is in urgent need of support from all its Arab brothers to strengthen its economic and political stability. Bahrain was the first to offer such support, reaffirming Lebanon's rightful place within the Arab fold after a prolonged period of absence and unrest. This noble initiative by Bahrain has the potential to serve as Lebanon's economic gateway to GCC countries, which are distinguished by their diverse and well-established economies, advanced financial and commercial infrastructure, and a supportive environment for investment and business. Highlighting key opportunities for collaboration, Mr. Miknas identified promising avenues for private sector partnerships in areas such as technology, Islamic finance and infrastructure development. Enhancing cooperation with Bahrain, particularly in light of Lebanon's ongoing economic recovery, presents meaningful opportunities, especially by leveraging the expertise of Lebanon's highly skilled professionals in fields such as artificial intelligence and digital innovation. 'The peoples of Bahrain and Lebanon share deep cultural values rooted in openness, tolerance, and hospitality. These qualities have long supported successful economic partnerships and continue to create a welcoming environment for Lebanese entrepreneurs, many of whom have established thriving businesses fully integrated into the fabric of Bahraini society.'
Mr. Miknas concluded by reaffirming the vital role of economic diplomacy and private sector engagement in strengthening the long-standing relationship between Bahrain and Lebanon, paving the way for a prosperous and mutually beneficial future.