31 March 2009

* Saudi company to set up $61m units in Bahrain

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
new projects.

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.


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Lebanon Time-Line

Introducing Lebanon

Coolly combining the ancient with the ultramodern, Lebanon is one of the most captivating countries in the Middle East. From the Phoenician findings of Tyre (Sour) and Roman Baalbek's tremendous temple to Beirut's BO18 and Bernard Khoury's modern movement, the span of Lebanon's history leaves many visitors spinning. Tripoli (Trablous) is considered to have the best souk in the country and is famous for its Mamluk architecture. It's well equipped with a taste of modernity as well; Jounieh, formerly a sleepy fishing village, is a town alive with nightclubs and glitz on summer weekends.

With all of the Middle East's best bits - warm and welcoming people, mind-blowing history and considerable culture, Lebanon is also the antithesis of many people's imaginings of the Middle East: mostly mountainous with skiing to boot, it's also laid-back, liberal and fun. While Beirut is fast becoming the region's party place, Lebanon is working hard to recapture its crown as the 'Paris of the Orient'.

The rejuvenation of the Beirut Central District is one of the largest, most ambitious urban redevelopment projects ever undertaken. Travellers will find the excitement surrounding this and other developments and designs palpable - and very infectious.

Finally, Lebanon's cuisine is considered the richest of the region. From hummus to hommard (lobster), you'll dine like a king. With legendary sights, hospitality, food and nightlife, what more could a traveller want?

Introducing Beirut

What Beirut is depends entirely on where you are. If you’re gazing at the beautifully reconstructed colonial relics and mosques of central Beirut’s Downtown, the city is a triumph of rejuvenation over disaster.

If you’re in the young, vibrant neighbourhoods of Gemmayzeh or Achrafiye, Beirut is about living for the moment: partying, eating and drinking as if there’s no tomorrow. If you’re standing in the shadow of buildings still peppered with bullet holes, or walking the Green Line with an elderly resident, it’s a city of bitter memories and a dark past. If you’re with Beirut’s Armenians, Beirut is about salvation; if you’re with its handful of Jews, it’s about hiding your true identity. Here you’ll find the freest gay scene in the Arab Middle East, yet homosexuality is still illegal. If you’re in one of Beirut’s southern refugee camps, Beirut is about sorrow and displacement; other southern districts are considered a base for paramilitary operations and south Beirut is home to infamous Hezbollah secretary general, Hassan Nasrallah. For some, it’s a city of fear; for others, freedom.

Throw in maniacal drivers, air pollution from old, smoking Mercedes taxis, world-class universities, bars to rival Soho and coffee thicker than mud, political demonstrations, and swimming pools awash with more silicone than Miami. Add people so friendly you’ll swear it can’t be true, a political situation existing on a knife-edge, internationally renowned museums and gallery openings that continue in the face of explosions, assassinations and power cuts, and you’ll find that you’ve never experienced a capital city quite so alive and kicking – despite its frequent volatility.