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Industry in Bahrain

  • Aluminium Bahrain’s Line 6 Expansion Achieves 25 Percent Completion

    BAHRAIN, 2017/09/13 Aluminium Bahrain B.S.C. (Alba) updated shareholders on the firm’s evolution on the US$3-billion Line 6 Expansion Project yesterday, noting that the undertaking continues to run on the scheduled timeline. According to the firm, earthworks and concrete at the site are continuing as planned, with engineering at 50 % completion, and procurement and contracts at 70 % completion. In general the project is at 25 % completion, with the erection of structural steel slated for later this month.

  • Bahrain’s insurance sector posts growth

    BAHRAIN, 2014/01/04 Bahrain's insurance market posted an annual increase during 2012, the Central Bank of Bahrain (CBB) announced. Gross premiums/contributions increased by around nine % over 2011 to register BD239.05 million in the Bahrain insurance market in 2012. A significant part of this increase was attributed to a surge in long-term insurance (life and savings products), registering around 14pc increase in gross premiums/contributions to reach BD60.16m in 2012.

  • Bahrain to increase rent at industrial site by 6000%

    BAHRAIN, 2013/08/27 Bahraini officials are to increase rents in an industrial area on the island national by as much as 6000 %, in a bid to stem accumulated losses due to rates before being too low. Bahrain’s Municipalities and Agriculture Affairs Ministry is planning the rate hike at the industrial area in Hidd, the Akhbar Al Khaleej newspaper said.

  • Industry could soon eclipse the finance sector

    BAHRAIN, 2013/06/12 With the industrial sector looking to post positive increase in 2013 on the back of increased regional request, steps are being taken to boost the supply of space for manufacturing activities. According to data from the Ministry of Industry and Commerce, industrial production accounts for 17% of GDP. This puts it on a par with the kingdom’s financial sector, long seen as the driving force of the economy, although in a trough in recent years due to the world downturn and local unrest.

  • Industrial projects in both private and public sectors

    BAHRAIN, 2013/02/17 Having commenced 2013 with a number of new and noteworthy industrial projects in both private and public sectors, Bahrain should be able to continue to diversify its portfolio and expand its industrial base. In terms of recent public projects, there are three sizable investments in the pipeline expected approaching to market between the fourth quarter of 2013 and the prime quarter of 2014: $4.8bn in funds for expansion and modernisation efforts at the Bahrain Petroleum Company (BAPCO); $2.5bn for new developments at Aluminium Bahrain (Alba); and $1.2bn for the Gulf Petrochemical Industries Company (GPIC).
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