– Space sector could galvanise diversification in technology, defence and tourism – Newly established Saudi Space Agency is projected to accelerate investment – The UAE is expanding its capabilities in exploration and satellite imaging – Global partnerships with Chinese and Western firms prioritise localisation In the push to embrace emerging technologies and harness their…
Policy interventions and an investor-friendly regulatory environment continue to attract investors to Bahrain as both a place to establish a business, and as a gateway through which to enter the markets of the broader GCC and MENA regions. A more strategic and sustainable funding model has been adopted by the government, and this shift in approach is beginning to be reflected in the fiscal balance
In February 2022 Bahrain commenced construction on the US Trade Zone (USTZ), following a memorandum of understanding signed in January 2021 between the US Department of Commerce and Bahrain’s Ministry of Industry and Commerce. Located in Salman Industrial City, it is expected to become operational by 2024. The project has received $40m as an initial investment, which will eventually be expanded to…
As global industry seeks to reduce or eliminate its carbon footprint, a number of MENA countries are investing in green steel production to capture market share and help meet emissions targets. Industry generates 20% of global greenhouse gas emissions annually, with the steel manufacturing segment accounting for the largest share, at 7%, due in part to a reliance on coal to heat smelting furnaces.…
Bahrain’s manufacturing industry is a key contributor to non-oil GDP and is one of the priority sectors targeted by the government to drive economic diversification. Aluminium manufacturing, led by the majority government-owned enterprise Aluminium Bahrain (Alba), is the country’s largest industrial segment. The kingdom’s globally competitive capabilities and output will be further leveraged…
Interview:Sameer Abdulla Nass What opportunities exist to develop the financial ecosystem for entrepreneurship and small and medium-sized enterprises (SME) creation? SAMEER ABDULLA NASS: The most pressing challenge for entrepreneurs and SMEs is related to their ability to secure financing. Understandably, many banking institutions have strong prerequisites and risk-aversion mechanisms that limit…
Interview:Abdulla bin Adel Fakhro Where do you identify the main priorities to effectively help the country meet the goals of the Industrial Sector Strategy 2022-26? ABDULLA BIN ADEL FAKHRO: The key priority is to facilitate the adoption of the Fourth Industrial Revolution while actively encouraging investment in technology infrastructure and improving transport and logistics networks. The industrial…
Bahrain’s manufacturing industry is a key contributor to non-oil GDP and is one of the priority sectors targeted by the government to drive economic diversification. Aluminium manufacturing, led by the majority government-owned enterprise Aluminium Bahrain, is the country’s largest industrial segment. The kingdom’s globally competitive capabilities and output will be further leveraged through…
In this Global Platform video, Suliman Al Khliwi, Managing Director, Saudi Tabreed, discusses how district cooling can offer numerous advantages over conventional cooling in the GCC. District cooling is more cost efficient than conventional cooling, with the ability to serve major projects under development in the region. It is also more energy efficient and has fewer negative environmental impacts,
Striving towards excellence, this forum aims at engaging regional & international stakeholders across the operators, technology providers, policymakers and academia to capitalise on investment, innovation & growth in a safe & sustainable environment. The event will take place from 13-15 February 2023 at Exhibition World Bahrain in the Kingdom of Bahrain. The Gulf Downstream Association…
