The Ministry of Tourism of the Kingdom of Bahrain and the Gulf Singapore Bank (SGB) have signed a strategic Memorandum of Understanding (MoU) at Gulf Gateway 2025, marking a significant step towards enhanced collaboration and mutual growth in the financial and tourism sectors.
With this partnership, the Bahrain Tourism ministry aims to launch new initiatives that promote financial and tourism sustainability, attract premium investments, and strengthen the tourism economy across Bahrain and the broader region.
Fatima bint Jaafar Al Sairafi, the Minister of Tourism and Chairperson of the Bahrain Tourism and Exhibitions Authority (BTEA), reaffirmed Bahrain’s commitment to strengthening international cooperation in financial innovation and smart tourism in line with the Kingdom’s Tourism Strategy 2022–2026.
The Minister described the MoU as a pivotal milestone in strengthening Bahrain’s collaboration with leading global financial institutions. She noted that through this partnership with SGB, Bahrain aims to accelerate business tourism growth, pioneer innovative smart tourism solutions, and foster greater synergy between the tourism and banking sectors. She emphasized that these combined efforts will reinforce Bahrain’s position as a leading regional hub for business and tourism.
Justin Haan, SGB CEO, highlighted Bahrain’s strong potential to emerge as a regional leader in tourism and digital finance innovation. He stated that the MoU will enable both sides to strengthen the business tourism ecosystem and deploy smart digital solutions that enhance visitor experiences, streamline services, and drive sustainable economic growth in the region.
The agreement seeks to enhance public–private collaboration in Bahrain Tourism.
It is done through joint initiatives in sustainable tourism and establish a comprehensive framework for sharing expertise and driving innovation, positioning Bahrain as a leading example of tourism excellence with a strong focus on business tourism and long-term economic growth.
