Bahrain Ispat Limited Company, a joint venture with a large Indian steel company, made considerable progress in setting up a us $ 290 million sponge-iron project in Bahrain.
The Indian pavilion was awarded the extra-ordinary gold medal.
Two Indian naval ships paid a goodwill visit to Kuwait on 1-4 June, 1998.
Following Government of India's approval to the setting up of the Orissa Oil Refinery, an Indo-Kuwait joint venture, Indian Oil Corporation opened a Representative office in Kuwait in June.
The fourth session of Indo-Uzbek Joint Commission is likely to be held in the first quarter of 1999.
Mr I Ergashev, Deputy Foreign Minister of Uzbekistan visited India from 9-12 December, 1998 for Foreign Office Consultations.
Important developments and events which took place in 1998-99 in India's relations with the Gulf countries are summarised in the following paragraphs.