Bahrain International Investment Park (BIIP) to create more than 10,000 job opportunities

Bahrain International Investment Park (BIIP) in its full occupancy will create more than 10000 jobs and investment exceeding US$2 billion, said Zayed bin Rashid Alzayani, the Minister of Industry, Commerce and Tourism.

Both Bahraini and foreign industrial companies, the minister said, are expected to play a key role in bringing investors to the park, which now houses 118 companies spanning various manufacturing sectors from 29 countries, including the Kingdom of Saudi Arabia, the United States, Canada, Germany, South Korea and India.

As of the end of 2017, total investment in BIIP had reached US$1.89 billion, with 82 per cent of its land capacity occupied.

BIIP is the most recent industrial zone to be developed in the Kingdom, providing three million square metres of land with easy access to both Bahrain International Airport and Khalifa bin Salman Port in Al Hidd.

Bahrain’s large-scale infrastructure development is currently valued at over US$32 billion and covers a wide range of sectors, including housing and transport.

This includes US $10bn of investments undertaken by government-related entities (holding companies, funds), US$7.5bn under the auspices of the GCC Development Fund, and the US$15bn worth of investment by private sector.