Tamkeen backs first aluminium grain refiner project in the Gulf

TDT | Manama      

The Daily Tribune – www.newsofbahrain.com

The Labour Fund “Tamkeen” announced that it has enhanced its cooperation with the Bahrain Economic Development Board (EDB) to attract direct investment opportunities.  Tamkeen signed an agreement with the first aluminium grain refiner in the GCC “Aleastur,” as part of a Tamkeen programme which focuses on attracting quality investments to the Kingdom.

Aleastur, one of the most reputable Spanish factory chains, is located in 11 countries around the world and is responsible for producing high-quality aluminium alloys with multiple uses in various industries.

In addition, the company has held strong ties with over 800 international enterprises since 1974.  The Bahrain factory is the first in the Gulf region and will contribute to meeting the growing regional and global demand for high quality aluminium products, with the potential to reach an estimated export rate of 87%.

Husain Mohamed Rajab, Chief Executive of the Labour Fund “Tamkeen”, praised the joint efforts of the Ministry of Industry Commerce and Tourism, Tamkeen, Mumtalakat, the Bahrain EDB, ALBA and the other institutions forming Team Bahrain that contributed to the implementation and success of this project. 

Aleastur Group CEO Sergio Martínez said: “Bahrain holds many great attributes which contributed to our decision to make Bahrain headquarters of the Aleastur plant in the region, including its strategic location at the heart of the Gulf, highly skilled local talent and the availability of a number of trade agreements.”

Tamkeen has supported 3,967 enterprises in the manufacturing industry by providing various solutions in the form of financial grants to purchase machinery and equipment, marketing, and branding, as well as international quality assurance certificates, in addition to providing financing support through partnering with several local banks. Tamkeen was also able to support 7,696 training courses within this industry.