The Saudi Arabian Amiantit Company (Amiantit) yesterday announced its plans to build a number of new facilities at Bahrain International Investment Park (BIIP). It is planning to invest BD23 million ($61m) in the kingdom.
These new operations will include, a glass reinforced plastic manufacturing facility, a glass reinforced epoxy manufacturing facility, a resin manufacturing facility, a global engineering facility and a group export office.
Announcing the projects, in the presence of Industry and Commerce Minister Dr Hassan Fakhro, Amiantit managing director and chief executive officer Dr Solaiman Abdulaziz Al Twaijri outlined the main reasons the company chose BIIP for these new investments.
The reasons are, quality of the environment for new manufacturing industry and infrastructure facilities that exist at the BIIP, quality of the business climate in Bahrain, proximity of the location to the new Khalifa Bin Salman Port and
availability of skilled labour for all the activities being undertaken in the
Dr Fakhro said he was pleased that a global company like Amiantit had chosen Bahrain and the BIIP for this investment.
Describing Amiantit as a technology leader in its field, Dr Fakhro said that this project was a very important one for the BIIP and it meets several of the park's objectives.
Main among these are the provision of quality jobs for Bahrainis in manufacturing, quality control, engineering and internationally traded services.
The total number of jobs to be created will be close to 300 with extra indirect jobs being provided in transportation and logistics.
Amiantit is also planning to relocate to the park from Dammam, its global engineering operation.
The company will construct its facilities on 60,000 sq/m of land and invest in the most modern plant and manufacturing services.
The project's produce will be exported to customers throughout the Middle East and Africa.