By Andy Sambidge
Industry and Commerce Minister says exact location still being considered for mega project
A new industrial city could be built in the east of Bahrain, a senior minister has announced.
"The location of the planned mega project hasn't been demarcated yet as it requires a large area, said Industry and Commerce Minister Dr Hassan Abdulla Fakhro in comments published by state news agency BPA on Saturday.
Citing Arabic paper Al-Ayyam, BPA said Fakhro indicated that the project would be built on land reclaimed from the sea.
Fakhro warned that the areas earmarked for mega industrial zones could be exhausted within one to two years, unless new land plots are reclaimed.
He said initial plans had been submitted to King Hamad bin Isa Al-Khalifa and other senior officials for consideration.
According to the minister, the rate of occupancy in the existing industrial zones is "very high".
He said the contribution of the industrial sector to Bahrain's GDP soared to 17 percent in 2010.
"We hope to bring the contribution of the industrial sector to Bahrain's GDP to 25 percent in the foreseeable future", he added.
Citing updated figures, he said that loans granted to the industrial sectors over the last six months had grown by up to 25 percent to top BD508.4 million.
People are finally realizing that they may be left behind in the economic boom.The world has ignorance on the run and it won't be long before it is destroyed so that people can live without fear.