Tuesday 4 August 2015
 
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GIIC

Bahrain Steel sees big output boost this year

Bahrain Steel, a wholly owned unit of Foulath Holding, expects to ramp up production by more than 80 per cent in 2015 and reach its full annual capacity of 11 million tonnes in 2016. The pelletising plant's output was up 40 pe

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Bahrain Steel signs $340m loan facility

Bahrain Steel, previously known as Gulf Industrial Investment Company, has successfully closed the syndication of its $340-million senior secured term and revolving credit facilities. The facilities are split between a seven-year

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GIIC gets 16-ton Hyundai forklift

A Hyundai forklift with 16-ton lifting capacity was delivered to Gulf Industrial Investment Company (GIIC) for the first time in Bahrain. It was delivered by Motor City, the sole distributor of Hyundai Heavy Industries in Bahrain, at a cer

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Firm threatens to move steel plant out of Bahrain

Developers of a $1.2 billion steel plant in Bahrain have threatened to move the project to another country if councillors continue with attempts to thwart the plan. The Muharraq Municipal Council blocked the Hidd plant's building permi

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Forum seeking to woo investments

A key forum seeking to promote investments in Bahrain will open on Wednesday at 9.30 am at Bahrain International Exhibition Centre. An exhibition will also be held on the sidelines as part of efforts to market Bahrain as an attra

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$600m GIIC expansion hits 'green' snag

Work on one of the Gulf's biggest industrial schemes underway in Bahrain has been put on hold until it complies with global environment standards, it was revealed yesterday. The $600-million expansion of the Gulf Industrial Investment Corp

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GIIC moves to Harbour tower

Gulf International Investment Company (GIIC) is to move its offices into Bahrain Financial Harbour (BFH), it was announced. The firm, a consortium of GCC real estate investors based in Bahrain, will occupy office space on the 10th floor of

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