Achieve! Duterte signs trade deals in Bahrain visit
President Rodrigo Duterte witnesed the signing of a $250-million memorandum of understanding for an agricultural investment, as well as other trade deals, on the second day of his state visit to Bahrain.
Duterte was a guest of honor at the signing of the MOU between AMA Group Holdings Corporation and Nader & Ebrahim Sons of Hassan Company, where the parties agreed to expand their operation in Mindanao by targeting additional 10,000 hectares of farmland for agricultural production.
Trade Secretary Ramon Lopez revealed that the two groups signed a $ 250-million dollar investment, which is expected to create at first 3,500 jobs. “But once fully operational in three to five years, they are looking at 40,000 jobs,” Lopez said.
The signing of the MOU came after Duterte witnessed signing of key agreements, attended to a number of courtesy calls, and presided some private meetings on Friday (April 14).
Following Duterte’s visit, Foreign Affairs Acting Secretary Enrique Manalo said the government recognized the significance of enhancing and strengthening the bond of partnership between Bahrain and the Philippines and their people.
“The general thrust of the discussion was on basically three broad topics… the contribution made by the Filipinos here in the Kingdom and the acknowledgement of the Kingdom of Bahrain of that contribution, and the fact that we have a very strong people-to-people connection,” Manalo added, referring to the President’s private meetings with Bahraini officials.