Bahrain Investment Wharf participates in Shanghai Cityscape Conference and Exhibition
As part of Bahrain Investment Wharf's (BIW) strategy to attract investors from different countries to invest in this innovative industrial and logistic project, it will participate in the Cityscape Conference and Exhibition that will be held from May 24 - 26 in Shanghai, China.
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| Bahrain Investment Wharf at Cityscape Shanghai. |
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BIW's participation in Cityscape Conference is part of the unique relationship and cooperation between the Kingdom of Bahrain and China in all fields, particularly economic.
Mr. Ahmed Al Qattan, chairman of BIW, said:
'China is one of the pre-eminent countries that are witnessing major economic development. A considerable amount of investment and industries are established in China; it has a significant number of investors and participates in huge investment activities in many countries worldwide. This is why we at BIW participated in Cityscape Exhibition in Shanghai, China, considered an important opportunity to introduce to Chinese investors and businessmen what BIW provides in terms of promising investment opportunities; in addition to diverse opportunities and potentials that encourage establishing Chinese and mutual projects because the investment environment in Bahrain has become one of the attractive environments for investors and companies.'
Mr. Ahmed Al Qattan, chairman of BIW, discussed the important advantages of investing in this project, such as the strategic location of the Kingdom of Bahrain as a trade center between East and West, which will allow Chinese investors the opportunity to import raw material from North Africa, Middle East, and many other countries exempted from fees, in addition to exporting their products exempted from any fees to the regional countries, Europe, and the United States. The US-Bahrain Free Trade Agreement provides many advantages to investors in Bahrain, as it will open the American market to the kingdom and provide huge export opportunities to investors who operate in BIW. The agreement will enable Bahrain and investors to gain huge investment revenues in many of the vital economic activities and fields, the most important of which are the industrial services and information and communication technology (ICT). The agreement also includes specific and simple regulations that will guarantee the ultimate benefits for the Bahraini industries for the tax exemption. This will encourage many industries from around the world to open factories in Bahrain and benefit from this agreement to introduce its products, tax exempt, to the American markets, which will not be available in its country of origin.
He explained that many of the registered Chinese agents, which number about 50, operate in various commercial and economic fields such as garments; automobiles; light duty trucks and its spare parts; business administration, training, and developing administrative capabilities consultants; and storing products to re-export them in the free zones, marketing and promoting them. Bahrain has many agreements, among them: economic; commercial; investment promotion and protection; mutual tax exemption on the international air transportation operations income; double taxing; and preventing tax evasions imposed on income. All these advantages will encourage Chinese businessmen to invest in Bahrain.
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Notes and media contacts
For further information, please contact:
Ahmed Al-Dailami
Marketing Executive
Bahrain Investment Warf
Tel: +973 17 588 788
Fax: +973 17 587 667
Lina Husri
Media & PR Executive
O2 Marketing Communication
Mobile. +97150 280 35
Lina.h@o2mc.net
NOTE TO EDITORS
About Bahrain Investment Wharf
Bahrain Investment Wharf, under development by Tameer, is a pioneering project capable of attracting local and global industries by virtue of services, facilities and reasonable prices it offers. Moreover, BIW is one of the major industrial development projects in Bahrain and the region. BIW allow investors to own land plots on a freehold basis which could be utilized for industrial, logistics and commercial purposes. BIW also provides an integrated world class infrastructure and telecommunications network.
The 1.7 million m2 project area, is strategically located in the Hidd industrial Area, providing direct access to major sea, air and road networks, such as the new port of Sheikh Khalifa Bin Salman, Bahrain International Airport, King Fahad Causeway, and the newly planned causeway connection to Qatar, resulting in easy import and export of goods, reducing logistical requirements, which translates into direct cost reduction.
The Wharf is divided into four major sectors, each fully equipped with a state of the art infrastructure to meet the demands of all potential businesses. Namely they are; the Industrial (logistics & Warehousing ) Park, with an approximate area of 900,000 m2, which will accommodate Various industries including warehousing, storage, cold store, packaging, and re- distribution facilities ; the Business and commercial Park, with an approximate area of 300,000m2, well suited for low-rise office blocks including the BIW headquarters, training centres, conference halls and other commercial facilities including a hotel ; the Residential Park, with an approximate area of 100,000m2, which will accommodate quarters for middle management , employees, workers and services sector with an approximate of 400,000 m2.BIW is equipped with state of the art technological infrastructure, which will lead to an enhanced efficiency and eventually reduction in cost.
BIW infrastructure will have access to all major sea, air and road networks, ICT networks, electricity and water (including cooling water for air-conditioning), and administration and maintenance facilities.
With all the advantages that are offered to investors in Bahrain namely; tax free economy of Bahrain, 100% foreign ownership, skilled workforce, advanced and liberal telecommunications sector, and Bahrain's strategic geographical location and above all the Free Trade Agreement with the U.S.A allows Bahrain Investment Wharf to play a key role in positioning Bahrain as the new world destination for industrial investments. By encouraging business leaders from around the world to invest in Bahrain, BIW aims to create an influx of capital that will be redirected into the local economy.
Posted by Anne-Birte Stensgaard, Senior News EditorThursday, May 24 - 2007 at 11:16 UAE local time (GMT+4)
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This Article was updated on Friday, June 15 - 2007
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