Abdulhakeem Alkhayyat, chief executive and managing director of Kuwait Finance House – Bahrain conducted an inspection visit to the site of Baytik Industrial Oasis (BIO).

The state-of-the-art industrial park at the Bahrain International Investment Park (BIIP) in Hidd, Bahrain, being developed by Kuwait Finance House – Bahrain (KFH-Bahrain), is expected to complete its first phase in September 2009.

BIO is a 154,000 sqm industrial oasis, designed specifically to provide value added benefits to investors in the technology, manufacturing and service sectors.

The project is created in collaboration and accordance with the plans set by the Ministry of Industry and Commerce aimed at driving economic diversification in the industrial sector to greater levels.

The project to date has completed 50 per cent of its first phase.

'BIO is currently one of the most important infrastructure projects being implemented by KFH-Bahrain. It will bolster the industrial development witnessed by the kingdom and we are striving to ensure that both phases are completed on time.' said Alkhayyat.

Alkhayyat pointed out that one of the main objectives of BIO is to provide an ideal location for both regional and international industrial companies engaged in highly productive and economically beneficial activities.

'BIO will give further momentum to the economy of Kingdom of Bahrain and the region at large, as it creates more job opportunities,' said Osama Al Khajah, chairman of BIO and head of project development at Kuwait Finance House – Bahrain.

The project is planned to be implemented in two phases. Phase 1 covers an area of 117,400 sqm where as Phase 2 covers 37,000 sqm.-TradeArabia News Service