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Results of HM King Hamad's Visit to Germany Reviewed
06 : 13 PM - 13/04/2011
Manama, April 13. (BNA) -- Industry and Commerce Minister Dr. Hassan Abdulla Fakhro has praised the fruitful results of His Majesty King Hamad bin Isa Al Khalifa’s visit to Germany, on the sidelines of which some economic activities were organized and bilateral meetings held.

During the 7th meeting of the Follow up Committee held yesterday at the Ministry, the progress of Bahrain-German joint investment projects were reviewed.

In this regard, Board Director member of Universe Environment Mr. Ali Hassan staged a presentation on the progress of the project of recycling waste, glass, empty cans, electronics and electrical equipment and asserted that he is currently negotiating with official authorities to provide a plot of land for the project not less than 5000 square meters to be near collection waste.

Concerning the insulin factory, CEO of Innovest Dr. Khalid Abdulla reported that there is a tendency to establish this plant in Bahrain with a capital of $91 million. He added that there is coordination with BIIP and one of the financial banks for funding and there is currently a talk with GCC investors in this regard. He also stated that the project will help create about 100 technical and professional jobs.

A project to establish a German International School was also presented during the meeting with the aim of attracting German nationals to the Kingdom of Bahrain and ensuring stability for German business owners.

Regarding the expansion of the orthopedic clinic, opened in March 2010, those present were assured that work on it is underway..

EDB's Vivian Jamal talked about the agreement between Bahrain Airport Company and Hochtief to manage facilities at Bahrain International Airport, lauding the project which started last year.

President of Gulf Marcom Group Mr. Khamis Al Mughla provided an update on APS-ASTRA Company, which is specialized in telecommunication and television broadcasting to promote and provide services in the Kingdom and the region.

Mr. Khalid Al Zayani and Abdul Rasool Al Haddad reviwed A number of proposed projects with the German side.

The Ministry of Industry and Commerce also asserted that it will coordinate with with businessmen and the German Embassy in Bahrain in order to to achieve the goals of His Majesty King Hamad's visit to Germany and enhance bilateral relations.

On their part, the participants appreciated the tremendous efforts made by the Industry and Commerce Ministry for sake of consolidating Bahrain-German ties at all levels..


BNA 1354 GMT 2011/04/13

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