Bahrain: 170-hectare industrial compound to be established

Published December 27th, 2005 - 06:30 GMT

An agreement was signed Monday for the creation of a new BD766 million, 170-hectare industrial compound to be reclaimed from the Hidd coast. The Industry and Commerce Ministry will be leasing the land for 50 years to Al Khaleej Development Company (Tameer), which will set up the Bahrain Industrial Warf with the support of strategic investors.

 

According to the GDN, the new entity will handle the project's development, including the reclamation and infrastructure costs.

 

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