Bahrain Secures $16.65M Investments from Leading Indian Firms

The Bahrain Economic Development Board (Bahrain EDB) has secured $16.65 million in investments from three major Indian companies in manufacturing, renewable energy, and ICT. Announced during a week-long visit to Mumbai, Bengaluru, and Chennai, the investments aim to strengthen bilateral economic ties and boost Bahrain’s status as a business hub.

The Bahrain Economic Development Board (Bahrain EDB) has achieved a milestone by securing $16.65 million in investments from three leading Indian companies in manufacturing, renewable energy, and ICT. This significant announcement was made during Bahrain EDB's week-long visit to Mumbai, Bengaluru, and Chennai.

H.E. Noor bint Ali Alkhulaif, Minister of Sustainable Development and Chief Executive of Bahrain EDB, expressed pride in welcoming these companies, emphasizing the deep-rooted economic relations between India and Bahrain. The cumulative investment showcases Bahrain's increasing reputation as a key regional hub for manufacturing and technology firms.

Chemco, one of the Indian companies, is planning its third expansion in Bahrain, while Bhageria Industries will develop an 11.40 MW solar project. Additionally, an ICT company is establishing its regional headquarters in Bahrain, further contributing to the Kingdom's tech-driven economic ambitions.

(With inputs from agencies.)