Kuwait Finance House – Bahrain has won the Best Islamic Investment Product Award for its project Baytik Industrial Oasis (BIO) at the Banker Middle East Awards 2011 organised by CPI Financial.

The CPI Awards are recognised around the world as one of the most distinguished Awards Programmes within the financial industry.

“This coveted Award from CPI is a recognition for diversifying our investment portfolio and the implementation of strong risk mitigation measures to safeguard our investments against economic challenges,” said Abdulhakeem Alkhayyat managing director and chief executive of KFH-Bahrain.

Baytik Industrial Oasis (BIO) is a state-of-the-art industrial park situated at Bahrain International Investment Park (BIIP) in Salman Industrial City in the kingdom.

BIO is a wholly-owned subsidiary of Kuwait Finance House – Bahrain. BIO-based companies, will benefit from: pre-built advanced manufacturing units; zero per cent corporate tax; 100 per cent foreign ownership; superior infrastructure; duty free access to all GCC markets; excellent connectivity through road, air and sea; an FTA with the US; and access to a talented and well trained workforce pool, he added.

“Phase one of the scheme comprises six pre-built manufacturing units for lease, each consisting of four modules of equal sizes. Providing flexibility in options, a company can invest in single or multiple units covering up to 9,600 square metres. BIO also offers a dedicated logistics area, built to serve all the logistic requirements within the BIIP,” stated Osama Alkhajah, chairman of Baytik Industrial Oasis.

Winners of the awards are voted for by the readers of the Banker Middle East Magazine from a list of nominations by a panel of rating and consulting firms, based on their performance over the last twelve months.

The Banker Middle East Awards were launched in 2005 in response to the phenomenal growth of the Islamic finance industry.-TradeArabia News Service