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FINANCIAL NEWS
Bahrain’s BIIP brings USD1.5b investments in 2012
04 Feb 2013
(MENAFN) Bahrain’s industrial sector has grown substantially in 2012, helped by USD1.46 billion investments attracted by the Bahrain International Investment Park (BIIP), Gulf Daily News reported.
The figures were released during a recent weekly cabinet meeting, chaired by Prime Minister Prince Khalifa bin Salman Al Khalifa, at Gudaibiya Palace.
BIIP attracted 88 industrial projects covering 1.5 million sq m, which represents 80 percent of the overall BIIP industrial plots, the paper said.
During last year, the Industry and Commerce Ministry has approved 125 projects worth USD135.3 million, according to a survey submitted by Industry and Commerce Minister Dr Hassan Fakhro.
These projects included the aluminum, engineering, petrochemicals, plastics, food and pharmaceutical sectors.
According to the survey, 57 percent of licensed projects, worth USD68.6 million, have already become operational.
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