Baytik Industrial Oasis (BIO), a wholly-owned subsidiary of Kuwait Finance House - Bahrain, was a major player at this year's Gulf Industry Fair and has hailed the event as a major success.

'BIO is committed to drive economic diversification, attract inward investments and create new job opportunities in Bahrain and taking part in the show was part of this,' said BIO chairman Osama AlKhaja.

'It is BIO's continuous endeavour to support opportunities that aim towards improving the professional demands of a rapidly maturing industrial region such as ours.

'BIO's participation at the Gulf Industrial Fair not only aimed at marketing its own products and services, but is aligned with its business mission of putting Bahrain and the region on the global industrial map.'

'We at BIO thank the Ministry of Industry and Commerce for continuously providing companies like ours with opportunities to not only showcase our capabilities but also network with business associates across the region.'

'Bahrain's industrial growth is a burgeoning sector,' added chief executive officer Nader Almoayyed.

'As the economy diversifies away from the oil and gas sector, the knowledge and manufacturing-based industrial sector will become more significant.”

'Bahrain has so far enjoyed unprecedented success in attracting international companies wanting to setup offices in Bahrain in part due to the central location of the kingdom, FTA with the US and low-cost of energy,” he added.

BIO-based companies will benefit from, pre-built advanced manufacturing units built to a world-class standard, 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. – TradeArabia News Service