China’s Shenzhen Energy Group Company aims to set up a waste recycling plant in Bahrain at an estimated cost of $50 million, which once operational, will recycle up to 99 per cent of the waste, said a report.

The company sees good potential in the project as later the waste could be used to generate energy, reported BNA citing the Capital governor Shaikh Hisham bin Abdulrahman Al Khalifa.

He is heading Bahrain’s delegation to China Hi-Tech Fair 2016, at the invitation of Shenzhen Mayor Xu Qin.

The delegation comprises chief executive of Bahrain Economic Development Board (EDB) Khalid Al Romaihi and other senior government representatives, along with leading Bahraini businessmen and women, and Bahraini start-ups.

The delegation is in China to showcase the many opportunities for Chinese investors in the kingdom and to establish firm ties between businesses. It will also visit Hong Kong to further strengthen the bilateral ties, said the report.
 
Earlier senior business leaders from Bahrain and China signed a number of agreements on the side lines of a major business forum held in Shenzhen, it added.

A number of leading Chinese companies already have their offices or facilities in Bahrain including Bank of China, China CommService, China Harbour Engineering Company, CPIC, ChinaMex, CIMC, Jinluo Water and East Star Group, said the report.

Bahrain also hosts the Middle Eastern headquarters of Huawei and is home to Dragon City, a Chinese-themed shopping mall that hosts more than 500 Chinese businesses, it added.