Salman City attracts $3.5bn in Bahrain
Posted by Arab News
Mahmood Rafique | Arab News
Thursday 7 January 2010






King Hamad bin Isa of Bahrain being briefed by the Minister of Industry and Commerce Hassan A. Fakhro on a model of Salman Industrial City in the presence of the crown prince, prime minister and ministers on Wednesday. (AN photo)

MANAMA: The inflow of investments within Salman Industrial City has already reached $3.5 billion and will reach over $7.6 billion after its various projects are completed, a senior government minister has claimed.

Minister of Industry and Commerce Hassan A. Fakhro, speaking at the opening of the Salman Industrial City, said on Wednesday that infrastructure and industrial development would also create an estimated 34,000 jobs.

The opening ceremony at Hidd industrial area was attended by Prime Minister Sheikh Khalifa bin Salman Al-Khalifa, Crown Prince Sheikh Salman bin Hamad Al-Khalifa, and about 1,000 guests.

The Salman Industrial City is an ambitious economic development project, which according to the minister will shape the future of Bahrain’s economy.

The industrial clusters include the Hidd Industrial Area, Bahrain Investment Wharf (BIW) and Bahrain International Investment Park (BIIP).

As part of the strategic Vision 2030 for economic development, Fakhro claimed such vital projects would complement the great strides already achieved by Bahrain.

He added the leadership’s presence at the opening ceremony was testament to the personal interest it has taken in all matters related to the development of the country. Fakhro said the industrial field has emerged as the main engine of growth of the economy.

“This project will build Bahrain’s economic future and link our country with the Gulf region through causeways and highways to other GCC (Gulf Cooperation Council) countries, and will hopefully meet the country’s needs and enhance our economy even further, so as to achieve our citizens’ hopes and aspirations at all levels.”

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