While speaking about BIW’s progress, Mr. Ahmed Al Qattan, Chairman of BIW says, “BIW is a sizable project with major developments yet to happen. Since it’s launch in 2006, the park received tremendous regional attention and as a result the park was marketed successfully. The land reclamation was completed at the end of 2008, and the infrastructure went under way since then; this is also nearing completion with more than 80 percent being completed. During this time, tenants have also started the construction of their facilities and there are a number of them who have reached their completion. Equally important is the completion of BIW’s two main substations each at 66kv at the Wharf with the third one also close to its completion.”
With the recent market downturn a number of sectors have faced a great deal of impact, mainly those operating within the real estate and financial sectors, saying this BIW has pulled through steadily being it as an industrial project that has also been looked at as an opportunity to diversify away from the harder hit sectors.
BIW extends its support to the Government’s Vision 2030 to diversify the economy, opportunities for partnerships with the Government and initiatives for attracting foreign investments to the Kingdom. BIW also encourages the startup of small to medium business industries and believes that BIW can offer the platform for such businesses to flourish in Bahrain and become the backbone of Bahrain’s strong economy.