On Behalf of
Business & Finance Club - Manama - Industry: Following a meeting on Monday April 19th – between Dr. Hassan Fakhro, Minister for Industry and Commerce and Taizoon F. Khorakiwala Chairman, Switz Group, it was announced that Switz Group are to establish a production facility at the Bahrain International Investment Park (BIIP) of the Salman Industrial City.
The company has been approved a 2,500 m2site on which to construct a two storey building of total built up area 2,000 m2 factory, for the production of liquid pasteurized eggs for sale to industrial bakeries and food service in the GCC region. The project will create employment for more than 30 staff. Dr.Fakhro, in welcoming this unique new investment for Bahrain said "I am pleased that another food project will join the growing number of food manufacturing plants in the Bahrain International Investment Park. We already have international and domestic food companies including Kraft, Halwachi Food Factories, The Food Supply Company (FOOSCO), International Biscuit Production Factory, Al Mansoori & Keyrouz, Al Jazeera Sweets Factories, Chocolate & Co, Bin Mahmood Chocolate and Ice Cream and Arabian Sugar operating or setting up in the BIIP. The food sector is a stable, environmentally friendly sector which provides quality employment and is the kind of sector we are keen to promote in Bahrain\". Dr.Fakhro revealed that the Bahrain Industrial Investment Park of the Salman Industrial City, are in negotiations with two other international food companies and expressed his hope that these discussions would lead to additional investment in Bahrain. The Switz Group, has operations spread throughout the Middle East, India, Sri Lanka and Philippines with the total group turnover being upwards of USD 150 Million. The group companies are market leaders in bakery products in the Middle East, having production centers in Saudi Arabia, UAE, and Oman and trading operations in bakery ingredients Head quartered in Dubai.
|