Bahrain-based Manara Developments said it has obtained all necessary approvals from the relevant government entities to transform the Investment Gateway – Bahrain project into a unique investment zone.

This comes as a major step towards encouraging investment in the kingdom and in particular drawing foreign investments into it, said a top official.

"The transformation of the Investment Gateway Bahrain located in Muharraq into a unique area with distinctive features and an attractive area will encourage non-Bahraini investors to take part in the project," remarked its managing director Dr Hasan Al Bastaki.

A feature that will characterize this project, and the Kingdom as a whole into a prime investment district to a multiplicity of light industry and a logistical support establishments on both the local and regional level, he added.
 
Dr Al Bastaki pointed out that this step contributes greatly to the Bahrain Economic Vision of 2030, which aims to develop Bahrain into an attractive destination for foreign direct investment, and a regional services hub in terms of the provisions of logistical services.

This is further represented by the wide array of companies choosing to set up their regional branches on the island, he noted.
 
The company chief further stressed on the ease of accessibility to the thriving economies of the Gulf region, and the availability of sophisticated land, sea, and air transport means between ports and airports, and the logistics zones in multiple locations in the region.-TradeArabia News Service