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20pc GROWTH

Bahrain firms' capital investment tops $40bn

Manama, February 5, 2014

Total capital investment of registered companies in Bahrain is now more than $40 billion, a growth of nearly 20 per cent since 2008.

Industry and Commerce Minister Dr Hassan Fakhro said this on the ministry's participation at the Gulf Industry Fair 2014.

At the fair, the ministry is represented by the Industrial Area Directorate and the Bahrain International Investment Park (BIIP).

"The participation highlights the most important services provided by the ministry to the industry sector in the kingdom," Dr Fakhro said.

The BIIP is one of the most important facilities in the kingdom with total industrial land of 2.5 million sqm. More than 85 per cent of the area is rented with total investments of $1.8 billion, reported the Gulf Daily News, our sister publication.

"BIIP continues to welcome high value-added projects and the creation of job opportunities for Bahrainis," the minister said.

Leading companies at the BIIP include Mondelez International, Siemens, MTQ, BASF, RMA, JPF as well as regional firms such as Abahsain Fiberglass, and CPIC.-TradeArabia News Service




Tags: Bahrain | investment | Gulf Industry Fair | BIIP |

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