BIO Supports Bahrain's Industrial Sector

13.02.2011

Manama, Bahrain: Baytik Industrial Oasis (BIO), a wholly-owned subsidiary of Kuwait Finance House - Bahrain (KFH-Bahrain), has announced its successful participation at the Gulf Industry Fair 2011 held in 8-10 February 2011.

BIO, committed to drive economic diversification, attract inward investments and create new job opportunities in the Kingdom of Bahrain, is looking at the Gulf Industrial Fair as yet another appropriate opportunity to drive forth its business mission.

Speaking on the sidelines of the Fair, Mr. Osama AlKhaja, Chairman of Baytik Industrial Oasis, said, “It is BIO’s continuous endeavor to support opportunities that aim towards improving the professional demands of a rapidly maturing industrial region such as ours. BIO’s participation at the Gulf Industrial Fair is not only aimed at marketing its own products and services, but is aligned with its business mission of putting Bahrain and the region on the global industrial map.”

We at BIO thank the Ministry of Industry and Commerce for continuously providing companies like ours with opportunities to not only showcase our capabilities but also network with business associates across the region,” added AlKhaja.

Mr. Nader Al Moayyed, CEO, Baytik Industrial Investments said, “Bahrain’s industrial growth is a burgeoning sector. As the economy diversifies away from the O&G (oil and gas) sector, the knowledge and manufacturing-based industrial sector will become more significant. Bahrain has so far enjoyed unprecedented success in attracting international companies wanting to setup offices in Bahrain in part due to the central location of the Kingdom, FTA with the US and low-cost of energy – all major factors needed for an industrial company. If Bahrain is to continue to experience double digit growth in 2011, Fair’s such as this will play an important role in reshaping this [industrial] sector on the island.”

The Gulf Industry Fair 2011 is the fourth edition of the most important and comprehensive industry related exhibition in the Middle East. It covers the key industrial segments including aluminum, machine tools, industrial equipment, automation, steel, energy, logistics and manufacturing. The Fair also provides a unique opportunity for the operators of industrial areas, ports and free zones to meet an interested market of decision makers in the manufacturing and distribution sectors.

BIO-based companies will benefit from: pre-built advanced manufacturing units built to a world-class standard; zero % corporate tax; 100% foreign ownership; superior infrastructure; duty free access to all GCC markets; excellent connectivity through road, air and sea; an FTA with the US; and access to a talented and well trained workforce pool.

Phase one of the scheme comprises six pre-built manufacturing units for lease, each consisting of four modules of equal sizes. Providing flexibility in options, a company can invest in single or multiple units from 1,000 to 9,600 square meters.