His Majesty King Hamad of Bahrain has allocated annual scholarships for outstanding Bahrainis to study abroad.

Under the Royal scheme, youngsters will have the opportunity to join prestigious universities, including Harvard and London Business School.

The cream of specialised graduates will represent added value benefiting the national economy, said a statement.

The programme was unveiled on the eve of the opening of the landmark King Hamad Industrial City. His Majesty will inaugurate the development in the presence of over 600 guests

A documentary film highlighting major investments at the city will be shown.

A booklet featuring details on the mega city and investing companies will be distributed.

His Majesty will also unveil a sculpture on the sidelines of the opening ceremony.

The iconic development is expected to generate massive investments and create thousands of jobs for Bahrains.

"The pioneering King Hamad Industrial City houses 165 companies, with overall investments of $3.5 billion," Industry and Commerce Minister Dr Hassan Fakhro said.

The city is home to Bahrain Investment Wharf, Bahrain International Investment Park and Hidd Industrial Zone.

Several companies have already established their offices while others are on the way.

They provide up to 25,000 job opportunities for Bahrainis.

Dr Fakhro highlighted the crucial role of the industrial sector in the ambitious Bahrain 2030 Economic Vision. "Industry and commerce play a pivotal role in boosting the GDP,” he said. – TradeArabia News Service