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Bahrain to get new Free Zone

Plans for a free zone near the new Shaikh Khalifa bin Salman Port in Bahrain are expected to be finalized in six weeks, an official said. Abdul Hakeem Al Shemmari, head of the Bahrain Chamber of Commerce and Industry’s representation on the joint committee consisting of the BCCI and the Customs Affairs Directorate, was quoted by BNA as saying talks are now focusing on the nature of operations in the free zone and what industries should be located there.

Al Shemmari hoped the free zone will begin its operations in the third quarter of 2008. The zone, covering an area of 1 sq km, will provide hundreds of jobs for Bahrainis, he said.

Al Shemmari said the zone will be used to increase Bahrain's exports as it will be a new window for economic and technical cooperation with other countries.

It will also help make the new port one of the main ports in the region by attracting industries and services that correspond to the requirements of development plans, he said.

The free zone will also expand the investment options available to the private sector, he added.

(Trade Arabia News Service)


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