Investment Flowing In

MANAMA: Bahrain's industrial sector is growing substantially, the Cabinet heard yesterday. Bahrain International Investment Park (BIIP) attracted 88 projects worth BD565 million last year.
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These new schemes cover 1.5m sqm, which represents 80 per cent of the overall BIIP industrial plots.
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The updated figures were released as His Royal Highness Prime Minister Prince Khalifa bin Salman Al Khalifa chaired the weekly Cabinet meeting at Gudaibiya Palace.
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According to a survey submitted by Industry and Commerce Minister Dr Hassan Fakhro, the industrial zone attracted projects worth BD486m in 2011.
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The ministry issued 125 licences last year, granting initial approval for projects worth BD52.3m, covering the aluminium, engineering, petrochemicals, plastics, food and pharmaceutical sectors.
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According to the survey, 57pc of licensed projects, worth BD26.5m, have already become operational.

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