Bahrain Secures $16.65 Million Investments from 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. This milestone was announced during Bahrain EDB's week-long visit to Mumbai, Bengaluru, and Chennai, aimed at enhancing economic collaboration between India and Bahrain.
The investments reflect Bahrain's growing appeal as a regional hub for business and technology. H.E. Noor bint Ali Alkhulaif, Minister of Sustainable Development and Chief Executive of Bahrain EDB, highlighted the strong economic ties between the two nations and expressed pride in welcoming these firms to the Kingdom.
Among the companies, Chemco is set to undertake its third expansion in Bahrain, building on its existing presence. Bhageria Industries, a leader in renewable energy, will develop an 11.40 MW solar project, reinforcing Bahrain's commitment to sustainability. Additionally, an Indian ICT company will establish its regional headquarters in Bahrain, furthering the Kingdom's goal to become a leader in tech-driven economic development.
The secured investments underscore Bahrain's strategic position as a destination for international firms looking to expand in the Gulf, while fostering deeper economic ties with India.