'Bahrain government supports big national companies'

TDT | Manama

The Daily Tribune – www.newsofbahrain.com

Industry, Commerce and Tourism Minister Zayed bin Rashid Al Zayani has expressed the government’s pride in the performance of large national companies and their contributions to its comprehensive development march.

He pointed out that the government’s continued support for all national companies and institutions, especially large companies with high added value to the national economy, has contributed remarkably to enhancing the good reputation of the Kingdom as an incubator and attractive location for megaprojects and global industrial companies.

While meeting yesterday the CEO of Aluminum Bahrain (Alba), Ali Al Baqali, the minister hailed the major role that Alba plays in developing the infrastructure of the national economy and promoting the upward growth movement in this important sector, on which the government’s strategies are based.

He congratulated the company on setting an all-time production record of 1.56 million metric tonnes in 2021 while celebrating its Golden Jubilee of Operations.

Al Zayani expressed Bahrain’s pride in this industry, which has become an incubator for national cadres, stressing the importance of strengthening the existing cooperation and coordination between the government and private sector in supporting the transformation of the industrial sector towards the Fourth Industrial Revolution, encouraging investment in technological infrastructure, in addition to increasing the efficiency of supply and importation chains through the integration of GCC industries.

He also valued highly Alba’s efforts in implementing the concept of a circular carbon economy, and environmental and social governance, which contributes to activating and implementing the industrial sector strategy 2022-2026, which was launched as part of the Economic Recovery Plan.