SkyscraperCity banner
1 - 20 of 40 Posts

·
Registered
Joined
·
3,422 Posts
Discussion Starter · #1 ·
Hi, well the Hidd area is again gettin somethin nice, enjoy:

THE first five investment projects, which will create nearly 800 jobs, have been approved for the newly-completed Hidd Industrial Area.

They consist of four Bahraini-owned investments and one Foreign Direct Investment (FDI), Commerce and Industry Minister Dr Hassan Fakhro announced yesterday.

The projects will provide around 770 new jobs at full production, he said.

It is also proposed to name the industrial area the Bahrain International Investment Park (BIIP), Dr Fakhro said in a statement.

A special committee has been set up to evaluate applications for land at the BIIP.

The BIIP represents a major investment in infrastructure development by Bahrain and it will play an important role in achieving the country's ambitious vision, said Dr Fakhro.

"The vision for the BIIP is to be a landmark development in Bahrain, positioned in international markets as a location for high quality mobile FDI and also as a location for high quality, internationally focused, Bahraini projects," he said.

Dr Fakhro said the ministry was keen to develop factory and office units in the park and would welcome interest from the private sector.

The on-site park management team, International Development Ireland and the ministry have developed comprehensive eligibility criteria for the selection of suitable applicants for the park, he said.

They have also drawn up building guidelines, to ensure that the park provides a world-class investment environment for high quality investments.

The eligibility criteria, building guidelines, and the formal application form, are now available at the business centre located in the park and any inquiries can be addressed directly to the park's management team.
 

·
Registered
Joined
·
755 Posts
The new Bahrain International Investment Park has sold approximately 20 per cent its plots since marketing efforts began in June.

Thirteen local and international companies have been approved for the new industrial area in Hidd and some have begun building their factories, said its marketing manager Rory Mullen.

This represents about 20 per cent, or 30 hectares, of the 150 hectares available. The entire park, including service areas and infrastructure, covers around 250 hectares.

The approved companies are investing a combined BD90 million with around 1,600 jobs expected to be created, said Mullen. "All the infrastructure work is finished, including electricity, water and telecommunications," he said.

"This is a world-class facility comparable to the best available elsewhere in the region, such as in Abu Dhabi, Dubai and Jordan. The park is for companies with international reach, so smaller industries will not be eligible to have their factories here. "However, the government has plans to build similar facilities somewhere else for smaller companies in the future," he said.

Mullen said the location of the park is also ideal, being near the new Khalifa bin Salman Port and the Bahrain International Airport. The companies approved include Saudi fibre-glass company Abahsin and Bahraini companies Oriental Press and Maskati Brothers.

The administration and marketing of the industrial area was earlier outsourced for five years to Irish firm International Development Ireland (IDI).

link
 

·
Registered
Joined
·
755 Posts
Kuwait Finance House Bahrain (KFH-Bahrain), a leading provider of Islamic commercial and investment banking services, plan to establish a state-of-the-art industrial park in the kingdom.

The plans for the KFH Industrial Oasis were revealed following a meeting between Abdulhakeem Alkhayyat, general manager of KFH-Bahrain, and Minister of Industry and Commerce Dr Hassan Abdullah Fakhro.

The meeting was attended by Osama Alkhaja, head of corporate finance at KFH-Bahrain and Nader Al Moayyed, Undersecretary at the Ministry of Industry and Commerce.

The project, a first of its kind in the kingdom, is aimed driving further economic diversification in the industrial sector, generating greater inward investment and stimulating job creation in Bahrain by capitalising on the ongoing expansion in the industrial sector and fast growing demand for industrial based real-estate projects in Bahrain.

KFH Industrial Oasis will comprise 155,000 sq m of land to be located within the Bahrain International Investment Park (BIIP), a newly established area located in the Hidd industrial zone, which focuses on the technology, manufacturing and service sectors and has been designed to attract investors with value added activities. BIIP covers over 250 hectares with 25.5 km of readily equipped infrastructure such as roads, street lighting, sewage systems, landscaping and desalination systems.

Initial investments to be undertaken by KFH-Bahrain will be approximately $25 million for the development of the necessary infrastructure, which upon completion will be sublet to potential local and international tenants. Target companies include a broad range of businesses from those in the region to Fortune 500 companies and other international firms engaged in manufacturing and service-oriented industries.

As per the guidelines of the BIIP, companies should be engaged in areas such as services and knowledge based activities, high technology manufacturing and assembling; light industry; SMEs and industrial processing.

At full capacity, it is expected that the KFH Industrial Oasis will bring in investments upwards of $200 million into the Bahrain economy and will help to create more than 2,000 industrial and related jobs.

In addition to funding the development of the necessary infrastructure for the establishment of the Industrial Oasis, KFH-Bahrain will further provide access to financing and capital for potential tenants in order to facilitate the development of the industrial zone and provide needed support to start-up companies with compelling business plans and the ability to add value in the local economy.

Dr Fakhro said: "We welcome this project put forth by KFH-Bahrain in line with the bank's ongoing efforts to work closely with the Ministry and the Kingdom of Bahrain to develop innovative new projects aimed at attracting investment, creating jobs and providing overall economic benefits. We encourage greater private sector activities and projects such as these and will continue to provide the necessary support to noteworthy projects in the Kingdom."

Abdulhakeem Alkhayyat said KFH-Bahrain was pleased to join hands with Bahrain International Investment Park to help drive further economic development and growth in Bahrain. "With enormous competitive advantages, Bahrain - and the Hidd area in particular - offer an ideal location for both regional and international industrial companies engaged in highly productive and economically beneficial activities. As a bank, we are committed to participating in projects that help stimulate economic growth locally and across the region, and we believe that the KFH Industrial Oasis will act as a significant contributor in this regard. We thank the Ministry of Industry and Commerce for its support in the launch of this project, which we fully expect will both support the establishment of local industrial start-ups as well as the attraction of major industrial corporations from the world over," he said.

Some of the benefits to be enjoyed by industrial companies locating in the park include streamlined registration processes, substantial reductions in capital expenditures for the development of infrastructure and construction as well as significant time savings in establishment and launch of operations, said Osama Alkhaja.

Furthermore, KFH Industrial Oasis will offer potential tenants a host of facilities including those aimed at meeting their security, logistics and administrative needs as well as providing for unparalleled access to sea, air and road transportation. The Oasis is ideally positioned with the best possible levels of connectivity and access. It is located only 5 minutes by road to the Bahrain International Airport; the existing seaport of Mina Salman and the new Hidd deepwater port. In addition, there is direct motorway access to Saudi Arabia, the region's largest market, via the 25km Saudi-Bahraini Causeway.

The project, on which the bank anticipates breaking ground in early 2006, will be undertaken in two phases. Phase One, which is expected to take some 18 months, will see the development of 11 advanced factories and a four-storey office tower. This will be followed by the establishment of an additional seven advanced factories and a six-story office tower in Phase Two of the project, which is to be completed some 18 to 24 months later. Factories will be developed with size and scale ranging from 7,500 sq m to 10,100 sq m.

link
 

·
Registered
Joined
·
3,422 Posts
Discussion Starter · #7 ·
Pearl of the Gulf said:
shame they don’t spend enough to market these projects. :no:
Fully agree, we need to learn a few things, this is one of them.


Bahrain Technology Park (BTP)


--------------------------------------------------------------------------------

Background

The project will be financed by the Kuwait Finance House and will open new horizons for foreign investment. Enhancing and developing the skills of Bahrainis is the key objective of the park, in addition to providing a fertile hub for industries to further develop their products. A call centre may also be set up in the park as such type of centers are highly profitable for industries and are found all over the world. The private sector will benefit from this project as it aims to revitalize the role of the industries, especially the small and medium size ones. Investors will also be able to find in this hi-tech park a stable and highly developed environment to serve the growth of their industries. (source)

Focus sectors

ICT
Health Care & Medicine
International Cooperation

UNIDO has been requested by the Ministry of Industry of Bahrain and the Kuwait Finance House to assist them in the business-planning phase of the Technology Park through the provision of advisory services. The project is aimed at further assisting the establishment of the Technology Park, which will contribute to the on-going efforts of the country to create export oriented technology based enterprises and help diversify the local economy from oil driven incomes. The final decision on the establishment of the technology park is to be based upon detailed analysis of the market/demand for technology park and its viability and sustainability.
 

·
Registered
Joined
·
3,422 Posts
Discussion Starter · #8 ·
Bahrain to get new technology park
29-Sep-2005

Speaking on the second day of the 3rd Forum on Investing in Technology: The Seeds of Growth, Kuwait Finance House, Bahrain (KFH-Bahrain) revealed initial plans and concepts for the development of a world class Science and Technology Park in Bahrain - the first in the region - as announced by Mr. Abdulhakeem Alkhayyat, General Manager of KFH-Bahrain in the presence of his HH Sheikh Salman, at the Forum's opening ceremony.

Presenting initial plans aimed at making Bahrain the region's leading hub for science and technology, Osama Al Khaja, Manager of Corporate Finance at KFH-Bahrain addressed participants, underscoring the Bank's commitment to supporting greater investments in technology throughout the Arab world and the Bank's belief that Bahrain provides an ideal environment in which to do this.

With Bahrain already the region's pre-eminent financial centre, KFH-Bahrain believes that its envisioned technology park can be a point where capital and innovation can be joined in order to drive further development and progress in this area, which is critical to the economic growth of the region and its ability to compete on a global scale.

Furthermore, KFH-Bahrain envisions that its science and technology park in Bahrain would be an important step towards bringing together Arab and international scientists and pioneers in technology whilst simultaneously providing innovative Arab technology companies, start-ups and entrepreneurs with the necessary support and an environment in which to thrive and add value to the local and regional economies.

According to Mr. Al Khaja, "We are actively taking steps to make our vision of an international science and technology park in Bahrain a reality. KFH-Bahrain has partnered with world-class organizations such as UNIDO to assess the technical, marketing and financial viability of this project and we have already signed collaboration agreements with other leading technology parks including the world famous Sofia Antipolis Technology Park (France) and the Middle East University Technology Park in Turkey."

Mr. Al Khaja added, "Specifically, we are aiming to create a comprehensive and attractive environment that will provide advanced infrastructure, facilities and services at an international standard. In doing so, it is our hope to attract local, regional and global leaders across multiple industry segments so as to stimulate knowledge transfer, serve as an incubator for advancement and progress through R&D, create jobs and economic opportunity, and, ultimately, help to stimulate growth and enhance the productively and future outlook of the Arab region."

Target sectors for inclusion in the envisaged park would include: Information Technology, Oil & Gas, Energy, Telecommunications, Marine Technology, Water Technology, Environmental Management, Bio Technology, Metal, Digital Systems and so forth.
 

·
Registered
Joined
·
755 Posts
New reclamation plan at Hidd

27 December 2005

AN agreement was signed yesterday for the creation of a new BD766 million, 170-hectare industrial compound to be reclaimed from the Hidd coast.The Industry and Commerce Ministry will be leasing the land for 50 years to Al Khaleej Development Company (Tameer), which will establish the Bahrain Industrial Warf with the support of strategic investors.

The new entity will handle the project's development, including the reclamation and infrastructure costs. The project costs also include building factories for investors.

A contract for the reclamation of the land is expected to be awarded next month as is the marketing for the project, which will take five years to complete.

It is expected to house companies from various industries including the downstream aluminium, paper, garment and other sectors.

The agreement was signed between Industry and Commerce Minister Dr Hassan Fakhro and Tameer chairman Samir Al Nafisi at the ministry's premises in the Seef District.

Dr Fakhro said the wharf would complement the ministry's own 250 hectare Bahrain International Investment Park, in which some companies have already begun building their facilities.

"We are also planning to reclaim more land north of the wharf to further expand the industrial area," said Dr Fakhro. "There is definitely a demand by companies for more industrial areas in Bahrain."

The total size of the Hidd Industrial Area is currently more than 500 hectares.

Mr Al Nafisi said studies showed that many international companies were looking to set up regional bases in Bahrain.

Tameer investment executive director Qais Al Maskati said the company would actually be doing part of the government's job for it, including reclamation.

Dr Fakhro said the ministry had already received approval from all relevant government bodies, including environmental and municipal authorities.

"We wouldn't sign such an agreement without making sure that all concerned authorities had approved it," he said.

The first phase of the project, which will include the reclamation and infrastructure work costing BD166m, is expected to take two years.

The second phase, expected to take three years at a cost of BD600m, will develop the wharf's various components, including an industrial zone, logistics park, office park, workers accommodation and supplementary services such as a retail area.
 

·
Registered
Joined
·
3,422 Posts
Discussion Starter · #12 ·
Not really, but the country is crazy enough to reclaim that much. You need the sea and this is the area that is officially within bahrain.

Let's hope this industrial park actually benefits the country's gdp and the citizens.
 

·
Registered
Joined
·
3,422 Posts
Discussion Starter · #14 ·
Well assuming bahrain is 680 sq. km, it's 68,000 hectares. 1 sq. km is 100 hectares.
 

·
Registered User
Joined
·
2,424 Posts
I've always wondered, do our territorial borders and water expand as we reclaim...Like as long as they don't overlap with the borders of another country...
 

·
Registered
Joined
·
3,422 Posts
Discussion Starter · #16 ·
Nope they don't, that'll be silly cause more countries will expand and eat other's water territory. I mean in that pic, if bahrain expands to iran's water territory, then we're screwed cause we can't go past that plus you don't want to swim in a beach that'll be part of iran, they always put sea patrols out to check for ppl crossin territories especially pirates.
 

·
Registered User
Joined
·
2,424 Posts
But is all the ocean and water owned, is it all somebody's territorial border....Isn't there part of the persian gulf, like just above bahrain, in the middle, that doesn't belong to either bahrain or Iran??? thats what i mean...
 

·
Registered
Joined
·
701 Posts
^^well if countries today had the right to expand their territorial waters then why haas the pacific ocean not yet been self-proclaimed! in that case i think we should take it too :cheers:
 

·
Registered
Joined
·
3,422 Posts
Discussion Starter · #19 ·
I don't think so BP, a neutral water zone. Can't remember seein one. It'll be snapped up quickly and be a source of controversy.
 
1 - 20 of 40 Posts
Top