Al Zayani touring the Ariston water heater facility in Hidd, Bahrain

Al Zayani touring the Ariston water heater facility in Hidd, Bahrain

Industrial sector’s share to hit 20pc

June 2018

Bahrain government is hoping to increase the industrial sector’s contribution to the Kingdom’s gross domestic product (GDP) to 20 per cent from the current 16 per cent by 2020, the Industry, Commerce and Tourism Minister Zayed Al Zayani said.

“The Industrial sector, today, is one of the fastest growing sector in our economy.  It is forecast to grow even further in line with the government’s policy to diversify and expand economy away from oil,” Al Zayani said on the sidelines of the opening of Ariston Thermo’s water heater production plant at Bahrain International Investment Park (BIIP).

“Today, the contribution of the industrial sector to GDP is 16 per cent. We are hoping to increase it to beyond 20 per cent in the near future, say by 2020,” he added.

“Manufacturing sector makes a huge contribution to Bahraini economy in terms of jobs, exports and other investments and is considered today as one of the fastest growing sector within our economy,” the minister commented.

“Ariston’s presence in Bahrain significantly strengthens our international reputation as a manufacturing hub of choice and builds on the existing manufacturing sectors of value base,” he added.

Bahrain Economic Development Board (EDB) chief executive Khalid Al Rumaihi, said: “Ariston Thermo’s new plant is a truly welcome addition to the Bahrain International Investment Park. The plant’s opening is a clear indication of the vast potential and advantages that the manufacturing industry in Bahrain provides, and further reinforces the Kingdom’s position as the ideal hub to meet growing regional demand.”

The Kingdom, in April, saw the opening of food and beverage giant Mondelez’s $90 million biscuit factory, which will serve as a hub for exports to the Gulf region, the Levant and Africa.

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