Vision for progress

H.E. Fakhro unveils new industrial and investment initiatives to boost Bahrain's economic growth

TDT | Manama

Email: mail@newsofbahrain.com

His Excellency Abdul-lah bin Adel Fakhro, Minister of Industry and Commerce, has unveiled a comprehensive package of initi-atives designed to enhance Bah-rain's investment environment and drive sustainable growth across its industrial and com-mercial sectors.

Speaking at the Gulf Invest-ment Gateway 2025 Forum, held in the Kingdom of Bah rain, H.E. Fakhro emphasised the country's commitment to strengthening its position as a key player in the regional and global economy.

"We are working hand in hand with the private sector to identify and promote high-value industrial opportunities that not only support national growth but also contribute to regional economic integration," he said.

The Minister announced 12 promising industrial investment opportunities, developed in co operation with the private sec tor, with the potential to replace imports worth up to $2 billion and generate over 3,000 local purchasing opportunities.

These initiatives target the localization of food industries, petrochemical downstream in-dustries, advanced manufactur-ing, and transportation sectors.

Opportunities

He explained that the oppor-tunities were identified through joint efforts by the Ministry of Industry and Commerce, the Economic Development Board (EDB), and Mumtalakat Holding Company, Bahrain's sovereign wealth fund.

The goal, he said, is to attract investors to projects that rein-force Bahrain's industrial eco-system and reduce reliance on imports.

To further encourage invetors, His Excellency highlighted To further encourage inves-Bahrain's competitive incentives and its unparalleled access to global markets.

Preferential treatment

"Products manufactured in Bahrain enjoy preferential treatment in Gulf markets and benefit from access to more than four billion consumers worldwide through free trade agreements," H.E. Fakhro stat-ed. "Our active participation in the GCC negotiating team has already led to more than ten new trade agreements, enhanc-ing the competitiveness of our national exports."

As part of Bahrain's broader plan to expand its industrial ca pacity, the Minister announced that new industrial zones will be developed in the north and south of the Kingdom, cover-ing a total area of three million square meters.

The expansion aims to attract high-quality industrial in-vestments, localize industries, and provide the necessary in-frastructure for advanced and sustainable manufacturing.

Green economy

In line with the Kingdom's transition to a green economy, His Excellency also reviewed a set of new industrial policies, including the introduction of regulatory requirements for photovoltaic energy systems in industrial zones.

These measures are part of initiatives such as the Green Factory Label.