Tamkeen backs 50 Bahrainis in expansion plan of iCOOL

TDT | Manama

The Daily Tribune – www.newsofbahrain.com

The Labour Fund (Tamkeen) announced its support for KKC Industries W.L.L. (iCOOL), a Chinese manufacturer of heating, ventilation, and air conditioning (HVAC) products for the purpose of growing the HVAC manufacturing sector in the Kingdom and creating high quality jobs for local talent.

This follows the establishment of iCOOL’s USD 10.7 Million manufacturing facility in Bahrain, which will produce and export air conditioning insulation pipes to the Middle East, United States and European markets.

The growing manufacturing sector is a major pillar of Bahrain’s , as it is the second largest contributor to the Kingdom’s non-oil economy which contributes to 14% of the national GDP.

The strategy aims to increase the sector’s contribution to the overall GDP, increase national exports, and create additional job opportunities.

Commenting on this initiative, Maha Mofeez, Acting Chief Executive at the LabouEconomic Recovery Planr Fund “Tamkeen”, stated: “iCOOL’s new manufacturing fa will create quality job opportunities for Bahrainis which upskills them for the future, and enables their career development.

Furthermore, iCOOL will increase Bahrain’s exports to international markets, and provide growir th opportunities for other economic sectors as t

hey purccilityhase thesupplies locally.” Gary Xu, General Manager of iCOOL Bahrain stated: “We aspire to produce 480 containers of air conditioning insulation pipes within the first year of operation, which generates over USD31 million in revenue.”