USD 20 Million Energy Installation to Be Built in Hidd

January 20, 2009
Manama, Bahrain

Bahrain’s attractiveness as a major market for international energy investments was further confirmed last month, with the announcement that a new USD 20 million energy installation is under development at the Bahrain International Investment Park in Hidd. As many as 250 new jobs are projected to be created at the new facility.

The project is being undertaken by Singapore-based MTQ Corporation’s wholly-owned subsidiary MTQ Bahrain, and will support MTQ operations in engineering services and oil and gas component manufacturing throughout the Gulf. MTQ chairman and CEO Kuah Kok Kim praised Bahrain’s strategic importance as a center of Middle East operations and very favorable business environment.

The facility also represents the latest announcement in an ever-closer relationship between Bahrain and Singapore. The Bahrain Economic Development Board highlighted the importance of Bahrain as a central point of focus for Asian companies looking to enter Gulf markets, and the pro-business cultures of both Bahrain and Singapore make for strong ties for two nations whose economic importance belie their small geographies.

“It is a testament to the openness of the Bahraini market that another economically progressive nation like Singapore would view our great country as a valued partner in the global flow of capital. And I am confident that this project will meet with great success due to the unparalleled productivity and indomitable spirit of the workforce of Bahrain,” said Her Excellency Houda Nonoo, Ambassador of the Kingdom of Bahrain to the United States.

For more information, please contact the Office of the Economic Representative via e-mail info@bahraingateway.org or by telephone at (202) 537-7810.