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Bahrain attracts $200m of manufacturing, logistics investment in H1 2017

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Bahrain’s manufacturing and logistics sector attracted more than $200m (BHD75.4m) of investment during the first six months of 2017, according to figures released by the Bahrain Economic Development Board (Bahrain EDB).

The sector accounted for 20.3% of the country’s gross domestic product (GDP) in 2016. Bahrain EDB stated that the sector continues to grow at a “significant rate”.GCC based fashion textile and distribution company, Armada Group, has invested $50 million (BHP18.9m) in its BLZ facility, which is expected to create 400 direct jobs over the next three years for Bahraini nationals.

The H1 investments, which were facilitated by incentives launched by Bahrain International Investment Park (BIIP) and Bahrain Logistics Zone (BLZ), are expected to result in the creation of approximately 1,000 new jobs during the next three years.

Source Credit: Constructionweekonline.com
Read full story: http://bit.ly/2gmWjmt




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