Bahrain Investment Park on a Multi Billion-Dollar Project and Jobs Roll

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Written by Richard Finlayson, Senior International Editor for Industrial Info Resources (Sugar Land, Texas)--The Bahrain International Investment Park (BIIP) had 16 new projects approved during the first six months of 2013. These projects have investment commitments totaling $1.33 billion and will employ more than 10,000 when they are fully operational.

Dr. Hassan Fakhro, Bahrain's Industry and Commerce Minister, said that 50 projects that have a total investment value of $493 million and would support 4,540 jobs were already in operation, and 14 projects with an investment value of $546 million and an employment potential of 2,280 were under construction.

Leases have been signed for a further seven projects worth $26.5 million and 460 jobs. Another 25 projects are at a pre-lease stage; they are worth $260 million and 4,016 potential jobs.

International companies now operating from offices in BIIP include Alstom (Paris, France), American Express (NYSE:AXP) (New York) and NCR Corporation (NYSE:NCR) (Duluth, Georgia).

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