Minister of Industry and Commerce Announces $13 Billion Commitment to Bahrain International Investment Park

Oct 01, 2011, 12:28 ET from Kingdom of Bahrain

MANAMA, Bahrain, Oct. 1, 2011 /PRNewswire-USNewswire/ -- Over the next few years, Bahrain's International Investment Park will receive more than $13 billion in additional commitments, Bahrain's Minister of Industry and Commerce Dr. Hassan Fakhro said on Thursday.

Speaking at the opening of the Zayani Polymers plant, the park's new $37 million development, Dr. Fakhro explained that the new projects will increase job opportunities and employ approximately 8,000 people.

So far, 28 projects have begun operation, with 23 more underway and another 20 in initial stages. Singapore's engineering company MTQ and Illium France are among the newest companies to invest in the park.

SOURCE Kingdom of Bahrain