We noticed you're blocking ads.

Keep supporting great journalism by turning off your ad blocker.

Questions about why you are seeing this? Contact us

Font Size

- Aa +

Sat 27 Aug 2011 01:23 PM

Font Size

- Aa +

Bahrain plans new industrial city in east of kingdom

Industry and Commerce Minister says exact location still being considered for mega project

Bahrain plans new industrial city in east of kingdom
(Getty Images - for illustrative purposes only)

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.

Arabian Business: why we're going behind a paywall

For all the latest construction news from the UAE and Gulf countries, follow us on Twitter and Linkedin, like us on Facebook and subscribe to our YouTube page, which is updated daily.
Real news, real analysis and real insight have real value – especially at a time like this. Unlimited access ArabianBusiness.com can be unlocked for as little as $4.75 per month. Click here for more details.
Marcellus Ramone Kelley 9 years ago

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.