News: Filipino construction sector eyes business in Bahrain -
10 Nov 2007
Expecting to gain a foothold in Bahrain’s booming construction industry, a team of Filipino traders will be in the Arab state next week for business exploration meeting.
Consul general Jose Burgos, also head coordinator of the Philippine-Bahrain Business Council, said that the trade team from Manila expects to strike a deal with counterparts in the Arab state’s construction and engineering sectors, an article in the Bahrain Tribune said Friday.
According to the consul, the 10-member trade delegation from the Philippine Chamber of Commerce and Industry would initiate talks on possible areas of joint business ventures.
The Bahrain Tribune quoted Burgos as saying, "Bahrain's construction sector is booming, but so far we have only one key player - a private company which is involved in construction in the Kingdom."
Members of the Manila team are CEOs and board chairs of major construction, real estate, and realty development companies in the Philippines.
Burgos said that during the negotiations, the team also expects to get contracts to provide products and services in engineering, technical, design, interior work and allied construction activities.
Bahrain's construction sector is expected to expand in next few years as a number of projects are in the pipeline.
According to the report, Manila has begun focusing on Bahrain's construction sector after it secured a major deal with Bahrain government for joint ventures in the health and medical fields earlier this year.
A recent trade mission to Bahrain focused on the food, furniture and light products industry.
International observers estimate the Gulf Council Cooperation states have over $1trillion worth of projects in the pipeline, including an estimated $150 billion worth of projects in Bahrain, the United Arab Emirates and Qatar. - GMANews.TV