Business Incubators for Bahrain
A network of business incubators is to be created across Bahrain, to spur new enterprises. The Bahrain Development Bank (BDB) is to set up new incubators in Hamad Town and Isa Town, it announced yesterday.
It is also expanding its existing incubator in Hidd, creating more than 1,800 new jobs. The BDB is also planning to create a venture capital bank, to finance new projects. Work on the Hamad Town and Isa Town incubators will begin as soon the bank gets the necessary land, said general manager Nedhal Al Aujan.
He expected work to start on the Hamad Town incubator this year, on a 64,000-sq-m plot.
The BD8 million expansion at Hidd will add about 210 units and 25,000 sq m to the existing 39 units, which cover an area of 5,000sq m.
The expansion also includes the BDB Enterprise Centre, which will offer facilities suitable for manufacturing.
These will be used by small and medium-sized businesses to launch their operations quickly and efficiently, said Al Aujan. -(TradeArabia News Service)
It is also expanding its existing incubator in Hidd, creating more than 1,800 new jobs. The BDB is also planning to create a venture capital bank, to finance new projects. Work on the Hamad Town and Isa Town incubators will begin as soon the bank gets the necessary land, said general manager Nedhal Al Aujan.
He expected work to start on the Hamad Town incubator this year, on a 64,000-sq-m plot.
The BD8 million expansion at Hidd will add about 210 units and 25,000 sq m to the existing 39 units, which cover an area of 5,000sq m.
The expansion also includes the BDB Enterprise Centre, which will offer facilities suitable for manufacturing.
These will be used by small and medium-sized businesses to launch their operations quickly and efficiently, said Al Aujan. -(TradeArabia News Service)
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