Chocolate and Company, a joint venutre, plans to establish a new chocolate manufacturing facility at Bahrain International Investment Park.
Bassem Al Oubari of Lebanon, Mohammed Aqeel Janahi and Hazem Janahi from Bahrain are partenrs in the venutre.
Bahrain's Industry and Commerce Minister Dr Hassan Fakhro yesterday met the promoters of the company.
Dr Fakhro welcomed all investments that would enhance the kingdom's economic position, in particular industrial investment that attracts local manpower and expand the country's industrial base.
"We at Chocolate & Company are very pleased to sign this agreement, as this signing corresponds to our long-term vision of investing in a large-scale state-of-the art manufacturing facility that would provide us with the capacity to manufacture and export premium chocolates to the entire Middle East region," company chairman and co-founder Mohamed Janahi said.
The company will manufacture a wide range of luxury Belgian and Swiss chocolates and sugar confectionery products in a new state-of-the-art facility.
The company's promoters bring with them a wealth of experience in manufacturing, new product development and marketing of chocolate and confectionery products.
The main target markets for the products will be Saudi Arabia and Qatar.
The company will employ up to 50 people within three years of operations.
The Chocolate & Company has employed the services of Vanguard, the leading Bahrain-based venture advisory firm, to help in securing the land and managing the facility development processes.
Bahrain International Investment Park is an international class business park located in Bahrain Industrial City which supports export-orientated value-added manufacturing and internationally traded service activities.
Land for more than 70 companies has already been approved in the park.
This latest addition compliments the growing list of food companies who have located in the park, including Kraft Foods, Halwachi Food Factory and the Food Supply Company. -TradeArabia News Service