23 August 2005
Investors are being invited to participate in growing opportunities in Bahrain's downstream aluminium industry that is looking at a boom following proposals from GCC governments to make the use of aluminium containers mandatory for chemicals, agricultural products and food and dairy products and maximise the use of aluminium for storage of petrol and petroleum products.
The United Nations Industrial Development Organisation (Unido) through its Investment Technology Promotion Office (ITPO) in Bahrain is organising a business forum on December 6 entitled "Invest in Aluminium" in conjunction with the 2nd APPA 2005 and Aluminium Middle East 2005. Partnering Unido in the venture are the Bahrain Development Bank, Economic Development Board, Kuwait Finance House (KFH) and University of Bahrain.
The Ministry of Industry and Commerce has identified 16 aluminium projects ready for investment, of which 11 have already been selected by the Kuwait Finance House for financial investment as a local partner. While most of the projects are small and medium in size, one of the larger projects involves the manufacture of aluminium cans with an initial investment of $ 70 million. Early projections show that the investment can generate an annual net profit of $ 34 million.
"We take this opportunity to call on all investors/entrepreneurs seeking to develop Aluminium projects in Bahrain to contact the Unido-ITPO Bahrain in order to assess these investment opportunities and/or propose new ones to be promoted to potential investors through the UNIDO Network and Forum." said Unido Bahrain Head Dr Hashim Hussein.
Potential investment opportunities identified in aluminium downstream industries include manufacture of coated wide aluminium coils; manufacture of cross linked polyethylene insulated cables; manufacture of die cast aluminium automobile wheels and automobile parts; manufacture of printed aluminium foil laminates and multi-layer co - extruded film laminates; manufacture of aluminium-based master alloys including grain refiners & hardeners; manufacture of aluminium bodies for refrigerated & non-refrigerated trucks and trailers; manufacture of aluminium grill; manufacture of aluminium accessories; manufacture of aluminium aerosol cans; manufacture of aluminium spacers; manufacture of foil powder; manufacture of secondary billet; manufacture of rigid polyurethane sandwich panel; manufacture of aluminium metallised films; manufacture of aluminiums can stock and manufacture of paste plant.
Investors are being invited to participate in growing opportunities in Bahrain's downstream aluminium industry that is looking at a boom following proposals from GCC governments to make the use of aluminium containers mandatory for chemicals, agricultural products and food and dairy products and maximise the use of aluminium for storage of petrol and petroleum products.
The United Nations Industrial Development Organisation (Unido) through its Investment Technology Promotion Office (ITPO) in Bahrain is organising a business forum on December 6 entitled "Invest in Aluminium" in conjunction with the 2nd APPA 2005 and Aluminium Middle East 2005. Partnering Unido in the venture are the Bahrain Development Bank, Economic Development Board, Kuwait Finance House (KFH) and University of Bahrain.
The Ministry of Industry and Commerce has identified 16 aluminium projects ready for investment, of which 11 have already been selected by the Kuwait Finance House for financial investment as a local partner. While most of the projects are small and medium in size, one of the larger projects involves the manufacture of aluminium cans with an initial investment of $ 70 million. Early projections show that the investment can generate an annual net profit of $ 34 million.
"We take this opportunity to call on all investors/entrepreneurs seeking to develop Aluminium projects in Bahrain to contact the Unido-ITPO Bahrain in order to assess these investment opportunities and/or propose new ones to be promoted to potential investors through the UNIDO Network and Forum." said Unido Bahrain Head Dr Hashim Hussein.
Potential investment opportunities identified in aluminium downstream industries include manufacture of coated wide aluminium coils; manufacture of cross linked polyethylene insulated cables; manufacture of die cast aluminium automobile wheels and automobile parts; manufacture of printed aluminium foil laminates and multi-layer co - extruded film laminates; manufacture of aluminium-based master alloys including grain refiners & hardeners; manufacture of aluminium bodies for refrigerated & non-refrigerated trucks and trailers; manufacture of aluminium grill; manufacture of aluminium accessories; manufacture of aluminium aerosol cans; manufacture of aluminium spacers; manufacture of foil powder; manufacture of secondary billet; manufacture of rigid polyurethane sandwich panel; manufacture of aluminium metallised films; manufacture of aluminiums can stock and manufacture of paste plant.
© Bahrain Tribune 2005
