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BIIP sees 12% growth in H1 of 2016

Bahrain - September 26, 2016
BIIP

Bahrain International Investment Park (BIIP) has witnessed a 12% increase in terms of polarised foreign projects in the first half of 2016, as compared to the same period of last year.

Zayed bin Rashid Al Zayani, Minister of Industry, Trade and Tourism in Bahrain, said: “The region is still competing with projects in the GCC.”

“That is due to the wise efforts of the Bahraini government to create a friendly and attractive work environment for investment and maintain the level of services provided to investors through the development of commercial services and maintenance of infrastructure in the region, ” he continued.

According to Al Zayani, BIIP occupancy has reached 81% since the founding of the project.

There are currently 121 companies from 23 countries at the Park, with an investment valued at BHD743.

77 of those companies are fully operational, the remaining 44 are either under construction or waiting for the necessary licences.

BIIP offers several investment options, including industrial land rental, lease of industrial units, or rental of office at the GEMS building.

Due to the high occupancy rates and the growing demand for industrial units and offices, BIIP is currently planning to add additional facilities for future projects.

 

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