Baytik Industrial Oasis showcased as main sponsor of the Gulf International Industry Fair 2009

13.01.2009

Baytik Industrial Oasis (BIO), a state-of-the-art industrial park within Bahrain International Investment Park (BIIP) in Hidd, Kingdom of Bahrain, aims to drive economic diversification in the industrial sector to greater levels. BIO will highlight the potential investment opportunities the Oasis will offer, at the Gulf International Industry Fair 2009, the most important and comprehensive industry related exhibition in the Middle East.

Held under the patronage of His Highness Sheikh Khalifa bin Salman Al Khalifa, Prime Minister of the Kingdom of Bahrain, the event, which is currently taking place between 13-15 January at the Bahrain International Exhibition Centre, will provide a highly targeted opportunity for organisations within the growing regional industrial sector to showcase their products and services.

As main sponsors of the event, BIO will focus its attention on generating greater inward investment and stimulating job creation within Bahrain. It aims to capitalise upon the increased expansion in the industrial sector and fast growing demand for industrial based real-estate projects in Bahrain.

Commenting on BIO's participation at the event, Mr. Osama Al Khajah, Chairman of BIO and Head of Project Development at Kuwait Finance House – Bahrain said "The huge expansion of the economies in the Arabian Gulf has stimulated soaring investment opportunities in domestic manufacturing. As in Bahrain, most of the GCC countries are tending to reduce economic dependence on oil and gas by developing industrial zones to stimulate growth in manufacturing.

According to the latest statistics, the total value of all non-oil and gas industrial projects in the region already exceeds $115bn". "Work is well underway in Bahrain on constructing a multi-billion dollar programme to create a series of industrial zones offering huge incentives such as 100% foreign ownership with tax free status. BIO's sponsorship of the event is in line with our endeavour to support initiatives that work towards the development of our economy and the Kingdom," he added.