Export Bahrain Partners with Bahrain Commercial Facilities Company to Enhance Export Financing During Export Week

Export Bahrain is excited to announce a significant partnership with Bahrain Commercial Facilities Company (BCFC), a leading financial institution in the Kingdom, through the signing of a Memorandum of Understanding. This formal ceremony, held during Export Bahrain Export Week, underscores our shared commitment to bolstering national exports and providing enhanced financing solutions for Bahrain-based businesses seeking to access international markets. This strategic agreement, coinciding with Export Bahrain’s sixth anniversary on November 11, marks a pivotal moment for the Kingdom’s exporters.

The collaboration between Export Bahrain and BCFC aims to elevate the global competitiveness of Bahrain-based exporters by offering essential financial support. This partnership will significantly expand Export Bahrain’s suite of Export Financing solutions, which includes short-term financing and various financial instruments tailored for businesses eager to penetrate international markets. Through this MoU, BCFC will provide preferential financing rates, flexible repayment terms, and customized financial packages that address the specific needs of exporters.

A successful case study exemplifying the benefits of this partnership is RR Trading W.L.L., a Bahrain-based exporter that utilized these enhanced financing solutions to successfully enter the Indian market, securing a substantial international contract. This achievement not only highlights the tangible advantages of our collaboration but also illustrates its potential to drive meaningful growth for Bahrain-based businesses on the global stage.

Commenting on the MoU, Chief Executive Officer of Export Bahrain Ms. Safa Sharif Abdulkhaliq, stated, “This partnership with Bahrain Credit exemplifies our unwavering commitment to empowering Bahrain-based businesses with the essential financial tools for success in international markets. We are confident that this collaboration will unlock vital resources, enabling our exporters to not only thrive but to scale their operations on a global stage.”

Mr. Abdulla Abdulrazaq Bukhowa, Chief Executive Officer of Bahrain Commercial Facilities Company added, “We are proud to collaborate with Export Bahrain to support the Kingdom’s exporters. As a key player in Bahrain’s financial sector, BCFC is committed to fostering economic growth and delivering innovative financial solutions. This partnership goes in line with our committed efforts to strengthen the national economy by providing customized financing options that enable Bahraini businesses to expand their reach and thrive in the global market.”

Commenting on the partnership, RR Trading W.L.L., said, “The support provided by Export Bahrain and Bahrain Credit has been instrumental in facilitating the expansion of our business. This collaboration has equipped us with the financial resources necessary to drive growth and establish new partnerships both locally and internationally.”

This strategic partnership is poised to play a crucial role in advancing Bahrain’s economic diversification agenda by promoting the growth of the export sector. The MoU signifies the beginning of a new chapter of cooperation, with both organizations committed to driving sustainable economic progress for the Kingdom.