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Supported by the Bahrain Economic Development Board (Bahrain EDB), two India-based leading companies, Aerolam Middle East and Titan Company Limited (Titan), are set to launch their operations in Bahrain. With a total investment of approximately USD 45 million, the milestone achievement was announced on the sidelines of the recent high-level Bahraini delegation visit to India this week, which was organised to highlight investment opportunities in Bahrain across priority sectors.

A part of the billion dollar Tata group, Titan is the world’s fifth largest wristwatch manufacturer widely known for transforming the industry in India. Titan operates several businesses including Tanishq, its flagship and fastest growing fine jewellery brand in India.

With a total expected investment of approximately USD 30 million, Titan is gearing up to launch Tanishq in Bahrain, backed by a franchise partner from India.

Tanishq, India’s most-loved jewellery brand from the TATA Group, has been synonymous with superior craftsmanship, exclusive designs, inimitable customer service and guaranteed product quality for over two decades. At Tanishq, jewellery is not just a product but a manifestation of artistry and our exquisite range of gold and diamond jewellery strikes the perfect balance between traditional charm and contemporary appeal. With designs that capture the beauty and celebration of special occasions, Tanishq aims to be an integral part of every woman’s journey. Attesting to this commitment towards excellence, in 2019, Tanishq has been awarded the title of The Most Trusted Jewellery Brand in India by the Trust Research Advisory. Tanishq currently has a presence of 410 stores and is India’s most trusted jewellery brand with an extremely high brand recall.

Mr Naresh Nair, Head of operations, at Tanishq said, “Thanks to the level of support and agility of Bahrain’s government, they made it incredibly easy for us to set up our operations in Bahrain. We look forward to bringing our leading brands and products to Bahrain. We have earmarked the location of our first store and will be opening 3 retail outlets over a span of 15 months to 18 months.”

As for Aerolam Middle East, the company is a subsidiary of Aerolam Insulations from India. This marks its first overseas manufacturing unit specialising in the production insulation material in the likes of foam sheets and Cross-Linked Polyethylene pipes, precisely designed with high-end engineering and advanced research and development teams. With an investment of USD 14.5 million, the plant will operate out of Bahrain International Investment Park (BIIP).

Brijesh Patel – Managing Director at Aerolam Insulations Pvt. Ltd., said,“We have gained from the active support of the government of Bahrain look forward to setting up our first manufacturing unit out of Gujarat, India. Bahrain was a natural choice given its central location and advanced logistics infrastructure, enabling us to cater to the GCC from Bahrain with greater speed and efficiency.”

Ali AlMudaifa, Chief of Business Development at Bahrain EDB, commenting on the robust investments,added, “We’re thrilled to see these leading companies set up in Bahrain and benefit from the key advantages that the Kingdom uniquely has to offer. With Bahrain’s business-friendly environment and advanced logistics infrastructure, we expect both companies to cement a strong foothold in Bahrain, adding to the diversity of our economy and capitalising on Bahrain as gateway to the region.” With strong bilateral relations, India consistently ranks as one of Bahrain’s top 10 trading partners. The volume of trade between India and Bahrain has increased by 30% since 2018, reaching USD 1.4 billion in 2022. Focusing on key sectors, including financial services, ICT, logistics, manufacturing, and tourism, Bahrain EDB successfully attracted more than USD 1.1 billion in foreign direct investment from multiple companies across the world in 2022, which are expected to generate over 6,300 jobs in the local market over the next three years.

Source:https://www.bahrainedb.com/latest-news/two-indian-companies-to-launch-in-bahrain-with-an-expected-total-investment-of-around-usd45-million

The Kingdom of Bahrain has cemented its business-friendly reputation, ranking 1st globally as the ‘Best Destination for Getting Started Abroad’ in 2023, according to the Expat Essentials Index published by InterNations. The milestone ranking of first in the overall index, which places Bahrain firmly ahead of leading countries including the United Arab Emirates (UAE), Singapore, Saudi Arabia, and Canada, is based on a comprehensive survey that analyses the performance of countries across several key indices, resulting in a comparative scale on both regional and international levels.

Citing Bahrain as the ‘ideal place for easy beginnings’, the index surveyed foreigners across 52 countries in the world, rating each destination based on vital aspects typically associated with settling into a country. Alongside its global ranking of 1st overall, the Kingdom additionally ranked 1st in MENA and 11th globally for Digital Life, a testament to Bahrain’s advanced financial and digital infrastructure and progressive regulatory framework. The survey scored countries across four key pillars, analyzing aspects including digital readiness, online government services, ease of digital payments, ease of opening a bank account and obtaining a visa, in addition to ease and affordability of housing.

Furthermore, the metrics assessed potential language barriers, in terms of ease of living without speaking the local language, for which Bahrain ranked 4th globally, which reaffirms Bahrain’s business friendly environment and talented workforce that combines highly skilled, multi-lingual, hospitable Bahraini nationals alongside a diverse expat talent pool offering a global perspective.

Bahrain also ranked 1st in MENA and 3rd globally in ease of opening a bank account. 67% of surveyed expats reported high levels of ease in dealing with local authorities, versus the global average of 40%. Ranking 2nd globally in ease of finding housing, 82% of expats found it easy to find housing in Bahrain, compared to the 54% global average.

Source:https://www.bahrainedb.com/latest-news/bahrain-ranks-1st-globally-as-the-best-destination-for-getting-started-abroad-in-2023

Aptar Closures, a global leader in dispensing closures and active material science solutions, recently announced the acquisition of a majority stake in Gulf Closures, a closure manufacturer for beverage products in Bahrain. AlZayani will remain as the minority shareholder.

Aptar Closures will leverage its global business capabilities and Gulf Closures’ manufacturing expertise, regional network, and experienced team to better serve the company’s existing customers in the Middle East, while opening new market opportunities and strengthening its presence in the region.

Today, Gulf Closures employs approximately 60 people at its facility in Bahrain and holds ISO and FSSC certifications. Gulf Closures is a partner to several global and other major local beverage brands in Gulf Cooperation Council (GCC) countries, Levant, and Africa.

“We are excited to have Aptar Closures on board and look forward to bringing to the table our manufacturing expertise, experienced team, and veteran understanding of the regional market,” revealed Hamid AlZayani, “We will benefit from Aptar’s global presence and seasoned perspective of value-chain ecosystems, and we will be working together closely to develop winning solutions to scale up and accelerate Gulf Closures’ operational growth and serve the needs of our existing and future clients.”

“Aptar has been present in the Middle East since 2019 when the company opened a sales office in Dubai. This acquisition will further accelerate our strategy for expansion across the region, starting with a local manufacturing footprint in Bahrain. We look forward to building on Gulf Closures’ capacity and expertise and venture into new market opportunities,” added Hedi Tlili, President of Aptar Closures.

Commenting on Aptar Closures’ investment, Ahmed Sultan, Executive Director of Business Development of Manufacturing, Transport, and Logistics at Bahrain EDB, said: “We are thrilled to see Aptar Closures expand its reach, capitalizing on Bahrain’s standing as a business-friendly investment destination and a strategic location to effectively expand production capabilities to serve clients across the region and beyond”.

“With direct access to Saudi Arabia and the most efficient logistics hub in the region, Bahrain offers unparalleled benefits to manufacturers looking to tap into the USD 2 billion GCC market, with the added benefit of incredibly competitive costs compared to rest of the region and highly skilled workforce,” Ahmed Sultan added.

Source: https://www.bahrainedb.com/latest-news/aptar-closures-broadens-middle-east-reach-with-gulf-closures-deal-in-bahrain

In partnership with the Labour Fund (Tamkeen) and supported by the Bahrain Economic Development Board (EDB), the recently launched coding school in Bahrain, Reboot Coding Institute (Reboot01) is set to enroll around 100 Bahrainis for their first selection pool for its inaugural two-year programme. With the aim of preparing a new generation of highly-skilled professionals, the programme seeks to contribute to the development of the technology sector and bridge the tech knowledge gap across multiple industry sectors, which will help in growing the pool of tech talent in the Kingdom.

With around twenty campuses across the world, Reboot01’s program has been designed to enable people to transform their careers and enter the world of technology, regardless of their educational and professional backgrounds. Powered by 01 Edu, a French educational platform, the institute’s innovative-based approach is part of the approved 01 Edu global network of coding schools.

Graduates of the two-year program will emerge as full stack developers, and benefit from instant access to a myriad of industries, the tech industry in particular, by supplying the value-added credentials to join leading companies on a more senior level. The program additionally equips students with practical knowledge and key life skills through a collaborative, project-based applied learning approach, which empowers every graduate to adopt a solution-based mindset setting them up for a successful career in the future.

Commenting on the programme, Mr. Yanal Jallad, Managing Director of Reboot01 Coding Institute, said: “Reboot01 is a brand-new concept and the first coding school of its kind in Bahrain. It utilises a disruptive model driven by a balanced mix of peer-to-peer learning, gamification, and a collective intelligence methodology to produce highly adept developers equipped with the requisite skill set and creativity to thrive in their tech careers.”

“We’re currently set to enroll around 100 Bahrainis, and the visiting 01 team from France are impressed with the level we have here. The second selection pool will commence in early May after Eid to enroll 100 more Bahrainis and form the first cohort of 200 students,” he added.

Mr. Ali Hasan, Executive Director of Programs and Partnership Development at the Labour Fund (Tamkeen) said: “We are committed to empowering Bahrainis to become the first choice of employment for the private sector by providing the support required for them to fill high-value jobs across multiple sectors, including the ICT sector. Reboot 01 offers a unique upskilling opportunity which provides world-class training that will enhance the competitiveness of the Bahraini workforce both locally and internationally.”

Mr. Munther Al-Mudawi, Executive Director – Business Development at Bahrain EDB, said: “We are living in an era of rapid innovation and ever-changing technology, which translates into the reality of traditional skills fast becoming obsolete. As such, digital upskilling and reskilling of the workforce is imperative for our economy to be able to effectively compete on a global scale, all while achieving sustainable growth in the long-term.”

“A global technology institute in the likes of Reboot01 is an impactful addition to the current value proposition of key sectors, contributing to cementing Bahrain’s position as regional hub for innovation and niche tech skills, in the likes of coding. With a two-fold benefit of upskilling Bahrainis in the Kingdom with a highly coveted skill set of being full stack developers, the added knowledge will in parallel elevate the level of the entities operating within the Kingdom, future-proofing industries at large,” he added.

As part of the National Economic Recovery Plan launched in October 2021, Bahrain’s Telecommunications, ICT, and Digital Economy Sector Strategy (from the years 2022 until 2026) seeks to establish a world-class Bahraini digital infrastructure, as well as attract big-tech companies to the Kingdom, positioning Bahrain as a regional digital innovation hub, all while increasing national employment in the sector from 30% to 35% by the end of 2023.

Source: https://www.bahrainedb.com/latest-news/reboot01-contributes-to-cementing-bahrains-position-as-a-regional-hub-for-innovation-and-tech

Bahrain today announced the launch of a Golden License, providing incentives and streamlined services to foreign and local businesses with large-scale investment projects in Bahrain, in an important step in the country’s pursuit to incentivise investments and boost job creation under its fiscal and economic reforms.

The move builds upon the growing investment attractiveness of Bahrain, which has recently recorded its highest Real GDP growth rate in almost a decade.

Companies with major investment and strategic projects that will create more than 500 jobs in Bahrain, or those with investment value exceeding USD 50 million, will be eligible for the License.

With the License, companies will enjoy a wide range of privileges and benefits, including prioritised allocation of land for investments, infrastructure services and utilities. They will also have streamlined access to government services – including business licensing and building permit approval, as well as support from Bahrain’s Labour Fund, Tamkeen, and Bahrain Development Bank.

Introduced by Bahrain’s Cabinet, which was chaired by His Royal Highness Prince Salman bin Hamad Al Khalifa, Bahrain’s Crown Prince and Prime Minister, the License aims to attract investments from local and international companies, and create jobs locally. These are priorities of the Economic Recovery Plan, the blueprint of Bahrain’s fiscal and economic reforms introduced in 2021 that has been the driving force of the country’s recent robust economic performance.

Further advantages under the License include integrated cooperation with various government departments, a designated account manager from Bahrain’s Economic Development Board, as well as potential review of existing laws or regulations where necessary and applicable.

Source:https://www.bahrainedb.com/latest-news/the-kingdom-of-bahrain-launches-golden-license-to-attract-large-scale-investment-projects

Howden, the international insurance broker, announces today that it has received a regulatory license from the Central Bank of Bahrain to establish operations in the Kingdom of Bahrain. This represents a significant step in Howden’s strategic growth ambitions for the Gulf region.

The establishment of Howden Bahrain adds another key territory to Howden’s footprint in the Gulf, with existing operations in Dubai, Abu Dhabi and Oman employing over 200 people in the region. It will provide a full range of insurance broking and risk advisory services across multiple risk sectors including Aviation, Construction, Energy, Financial Institutions, Marine, Property & Casualty, Employee Benefits and Specialty Lines.

Adam Knights, Executive Director and Chief Executive Officer, Howden Bahrain, said: “I am delighted to be involved in this new and exciting venture here in Bahrain, which has been my home for 26 years. Howden Bahrain will provide Bahraini clients with personalised insurance solutions bolstered by Howden’s specialist expertise, data and analytics and technological capabilities. Our engagements with multiple renowned Bahraini enterprises have encouraged us that there is ample opportunity for an alternative insurance broker to provide services in the Kingdom, and our strategy will be to grow a sizeable market share by adding value to Bahraini clients using our international capabilities and by attracting and developing local talent.”

David Howden, Chief Executive Officer, Howden Group, added: “Howden has operated in the Gulf for over a decade, and we were attracted to the Kingdom of Bahrain due to its reputation for being business friendly, combined with its comprehensive regulatory environment and the availability of experienced and talented local individuals. Our goal is to provide choice for clients in Bahrain and the wider Gulf region. We are eager to grow our existing territorial presence and develop a range of specialist solutions, and look forward to building one of the leading brokers in the region, combining our international platform with local expertise.”

Dalal Buhejji, Executive Director of Business Development for Financial Services at the Bahrain Economic Development Board, said: “We are thrilled to see Howden enter the market benefiting from Bahrain’s earned reputation as the region’s most established financial hub with a forward-looking business ecosystem. In line with the Financial Services Sector Development Strategy under the Kingdom’s Economic Recovery Plan which outlines an overall objective to increase the financial services sector’s contribution to GDP to 20% by 2026, further developing Bahrain’s insurance subsector is a vital deliverable alongside five priorities. Attracting leading players in the likes of Howden to set up operations in Bahrain is another positive step towards realising this target.”

Howden is a proud sponsor of Bahrain’s Crown Prince’s Cup, underlining Howden’s passion for international horse racing in Bahrain and its commitment and support to local communities.

Source:https://www.bahrainedb.com/latest-news/howden-accelerates-growth-in-the-gulf-with-the-establishment-of-howden-bahrain

A high-level delegation from Bahrain, led by the Minister of Industry and Commerce, H.E. Abdulla bin Adel Fakhro supported by H.E. Noor bint Ali Al Khulaif, Minister of Sustainable Development, is heading for a weeklong visit to Japan and South Korea scheduled from May 5 to May 12, 2023.
Organised by the Ministry of Industry and Commerce (MOIC) and supported by Bahrain Economic Development Board, the visit is designed to add value across a multi-year investment horizon in alignment with the Economic Recovery Plan to deliver sustainable benefits to Bahrain’s investment climate, economy, and society at large.

The visit will bring together an expert team from Bahrain’s public and private sectors to promote high-impact investment opportunities in Bahrain, where in addition to key officials from the MOIC, Ministry of Sustainable Development and Bahrain EDB, the delegation will be supported by the Bahrain Chamber of Commerce and Industry, the Bahrain Tourism and Exhibitions Authority (BTEA), Nogaholding, Alba, Export Bahrain, and Bahrain-based Gulf Aluminium Rolling Mill (GARMCO).

Additionally the visit will be aiming to foster strengthened economic and trade ties across the two countries, focusing on key economic sectors namely financial services, manufacturing, logistics, Information and Communication Technology (ICT), and tourism; in both Japan and South Korea. A dynamic line up of events, site visits, and strategic meetings have been planned for the delegation to engage with influential government counterparts and representatives of leading companies with secured global reputations.

Starting in Tokyo, Japan, on the sidelines of the strategic business development meetings by the entire delegation, the Bahrain EDB will be hosting two headline events to shed light on investment opportunities. The first exclusive roundtable will be held in collaboration with the Japan-Bahrain Economic Cooperation Association (JBECA) with select top-level executives, while the business forum co-hosted by the Japan External Trade Organization (JETRO), titled ‘Accessing Opportunities in MENA via Bahrain’ will invite key stakeholders from leading companies in Japan and feature two panel discussions. The first panel discussion will highlight investment opportunities in Bahrain, while the second session, titled ‘From Bahrain to the World: Stories of Success from Japanese Industry Leaders’.

Moving onto Seoul, South Korea, in collaboration with the Korea Chamber of Commerce and Industry (KCCI) the Bahrain EDB, has organised a forum and networking event to discuss mutually beneficial investment opportunities. The forum will witness sessions delivered by key members of the delegation, featuring a fireside chat to discuss Bahrain’s strategic value in enabling companies to access markets in the MENA and beyond.

H.E. Abdulla bin Adel Fakhro, the Minister of Industry and Commerce, said: “Economic diversification and innovation are vital pillars of Bahrain’s economic growth, and this curated delegation visit aims to secure new commercial opportunities across focused sectors, which will enable Bahrain to form strategic partnerships with Japan and South Korea, further building upon strong economic and trade ties.”

Source:https://www.bahrainedb.com/latest-news/a-bahraini-high-level-delegation-heads-to-japan-and-south-korea-to-promote-investment-opportunities

A delegation from the UAE met with representatives from almost 30 companies from Germany on Tuesday during a roundtable.

The objective was to accelerate industrial collaboration and build on joint efforts in promoting sustainable industrial development, de-carbonisation and energy security.

The roundtable co-hosted by the Ministry of Industry and Advanced Technology (MoIAT) during Hannover Messe, the industry trade fair, was attended by representatives from the Abu Dhabi Department of Economic Development (ADDED), ADNOC Group, Abu Dhabi Investment Office, KEZAD Group and Dubai Industrial City.

Titled ‘Make it in the Emirates: The UAE as a Global Industrial Hub’, the roundtable introduced German companies to the UAE’s unique value proposition and vision for sustainable industrial growth. It also showcased the Make it in the Emirates initiative, which invites foreign industrialists, investors and innovators to benefit from the UAE’s competitive advantages.

Chaired by Omar Al Suwaidi, under-secretary of the Ministry of Industry and Advanced Technology, the roundtable highlighted how foreign companies can benefit from collaborating with UAE entities as well as from incentives and enablers introduced by the government, national companies such as ADNOC and industrial zones.

Addressing delegates, Al Suwaidi said: “The UAE and Germany are making steady progress in vital fields such as hydrogen fuel, which will be critical to industries of the future.

The partnerships between our government institutions and national enterprises are leading to pioneering innovation in sectors such as green steel.

By combining our strengths, talents and resources, the UAE and Germany can pave the way for greater energy security and more sustainable industrial development in our respective regions.”

He added: “Our two countries are aligned on creating solutions to industry’s global challenges, and there is significant appetite for collaboration among our industrial communities.

As a ministry, we are committed to supporting industrial companies in the UAE to work alongside international counterparts to achieve business growth and adopt best practices.

In line with our national industrial strategy, we will continue to explore and facilitate collaborations between UAE-based companies and our international partners to attract investment and support the growth of green industries and renewable energy supplies.”

During Hannover Messe, Al Suwaidi co-chaired the second Energy Security and Industry Accelerator (ESIA) Steering Committee, which provided an update on the progress made across a number of projects since the ESIA agreement was signed in 2022.

On Wednesday, members of the UAE delegation participated in a panel discussion where they highlighted the UAE’s efforts in accelerating the transition towards greener and more sustainable industries.

The panel, titled “Driving the Transition to a Sustainable and Diversified Economy: The Critical Role of Green Energy, Green Economy, and Innovation in the UAE”, highlighted competitive advantages and enablers, including green financing, certified green energy supply, robust regulation infrastructure and access to markets through a growing number of free trade agreements.

Source:https://gulfbusiness.com/uae-germany-explore-partnerships/

Football fans coming to Qatar for the World Cup will not have to shell out huge amounts on accommodation, assured CEO of the FIFA World Cup Qatar 2022, Nasser Al Khater.

In comments to The Sun, Al Khater said that Qatar will make this World Cup as affordable as possible for everyone.

“We have always been committed to offering every fan who wants to come the opportunity to enjoy an affordable World Cup. We’ve learned from previous tournaments. We know there have been price hikes in previous tournaments to take advantage of the fans who have bought tickets,” he told Sunsport.

“That’s something we have always been determined to avoid. I completely understand the concern when fans see these prices, but we will make this World Cup as affordable as possible for everyone,” he added.

Fans with tickets can already book their accommodation through the special website launched by the organiser. The website lists many options from different categories of hotels, apartments and villas, vacation homes and two cruise ships with around 4,000 rooms.

Fans can also book accommodation through other means, such as hotel and holiday accommodation websites. But this website gives much more options and price ranges.

The organisers had earlier clarified that accommodation for FIFA Qatar 2022 fans will start from $80 and go up depending on the category one chooses.

Source:https://thepeninsulaqatar.com/article/07/04/2022/qatar-2022-will-be-an-affordable-world-cup-for-fans-official

Construction work has started on five new industrial cities across Oman as the sultanate seeks to establish a total of 40 by 2040.

Coinciding with Industry Day in Oman, Hilal bin Hamad Al Hasani, CEO of the Public Establishment for Industrial Estates (Madayn), revealed that new industrial cities are being built in Khasab, Ibri, Thumrait, Shinas and Al Mudhaibi.

“These industrial cities will be added to the nine that are operating across the sultanate, which will play a pivotal role in enhancing comprehensive and sustainable economic and social development under the wise leadership of Sultan Haitham bin Tarik,” said Al Hasani.

He added that Madayn has the goal of setting up a total of 40 industrial cities as part of Oman Vision 2040.

With only one industrial city in Oman back in 1991, the industrial sector is now thriving with an expanding network of industrial cities across the country.

“With nearly 2,300 localised projects, the total investment volume in Madayn’s industrial cities today is approaching RO7 billion. The Omanisation rate in these projects exceeds 38 percent of the total workforce in the industrial cities, which accounts for up to 8 percent of the total private sector workforce at the national level and exceeds 63 percent of the total workforce in the industrial sector of Oman,” Al Hasani added.

Madayn has introduced recently its Industrial Innovation Academy to promote a diversified and sustainable economy based on technology, knowledge and innovation.

It has also announced plans for new industrial cities in Musandam, Al Dhahirah, Al Sharqiyah North, Al Batinah North and Dhofar governorates and has started to look for local and foreign investors to develop other industrial cities in partnership with the private sector.

Madayn has recently announced a package of incentives and exemptions from fees to support the investment climate in its various industrial cities.

Al Hasani said that despite the global economic fluctuations and Covid-19 impact, Madayn’s total investment volume increased by 1.6 percent, the total number of projects grew by 3.4 percent, and the percentage of leased space increased to 2 percent.

Source:https://www.arabianbusiness.com/gcc/oman/oman-industries/how-oman-is-planning-to-supercharge-its-industrial-sector-by-2040