Labour Fund signs deal with Aleastur to attract quality investments to Kingdom

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 aluminum grain refiner in the GCC “Aleastur,” as part of a Tamkeen program which focuses on attracting quality investments to Bahrain in line with the government’s economic recovery plan centered around key pillars which aim to attract investments, increase employment, and boost the training of local talent in all economic sectors, with a focus on high potential sectors.

This cooperation will create a new milestone in the manufacturing sector, which enhances Bahrain’s economic position as a global center for advanced and sustainable industries, especially in high-potential sectors like aluminum and manufacturing.

Aleastur, one of the most reputable Spanish factory chains, is located in 11 countries around the world and is responsible for producing high-quality aluminum alloys with multiple uses in various industries. In addition, the company has held strong ties with over 800 international enterprises since 1974.

Many international manufacturing companies have adopted flexibility in their operations to adapt to the changing market conditions that have affected supply chains and have diversified their manufacturing centers by setting up other branches in several regions around the world.

This approach was also implemented by Aleastur Group, which launched its first aluminum grain refiner outside Spain to expand operations in the region, which will aid in tackling the shortage caused by economic and global conditions, in addition to reducing the duration of time and strengthening the regional supply chains of the aluminum industry to nearby markets.