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FINANCIAL NEWS
Germany invests USD 5.6mn in Hamriyah Free Zone Project
21 Jun 2016
(MENAFN) Germany-based SOEX Group, a leading firm in the sector of marketing and recycling used textiles will start operations from Hamriyah Free Zone by 2017.
The firm has leased 322,917 square feet area in the free zone and will start construction work of the new plant as soon as possible.
Moreover, the company will invest USD 5.6mn for the project and will export 50 percent of its products to African nations and 25 percent to Eastern Europe and the MENA region.
In addition, this step will enable the firm to grow in the region and this development is another example of its efforts in empowering businesses paying off.
More News
17 Sep 2025
BBK and CrediMax launch exclusive offers for customers in collaboration with The Ritz-Carlton, Bahrain
31 Aug 2025
BBK announces an exceptional 6-month grace period financing campaign for Personal and Car Finance customers
13 Aug 2025
BBK’s BD 5,000,000 Al Hayrat scheme awards BD 680,000 to 390 Al Hayrat winners in August and September
04 Aug 2025
HM the King’s Support for Youth is an Inspirational Model for Their Empowerment Journey
28 Jul 2025
BBK discloses its financial results for the half year ended 30th June 2025
20 Jul 2025
CBB approves the transfer of the retail banking operations of HSBC Bank Middle East, Bahrain Branch to BBK
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