Bahrain enters $27bn titanium market

Bahrain enters $27bn titanium market

A $200 million manufacturing plant is planned in Bahrain to produce titanium products as part of the kingdom’s ambitions to expand its industrial sector. Edamah, the real estate arm of the sovereign wealth fund Mumtalakat, has signed a 25-year lease agreement with Bahrain Titanium, a subsidiary of the Swiss company Interlink Metals & Chemicals, for […]

Deal with Swiss company

Part of golden licence scheme

To serve medicine, aerospace and more

A $200 million manufacturing plant is planned in Bahrain to produce titanium products as part of the kingdom’s ambitions to expand its industrial sector.

Edamah, the real estate arm of the sovereign wealth fund Mumtalakat, has signed a 25-year lease agreement with Bahrain Titanium, a subsidiary of the Swiss company Interlink Metals & Chemicals, for a 50,000 square metre industrial plot at Askar.

The agreement comes after Interlink was awarded a “golden licence”, which fast-tracked the lease signing and land allocation.

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The golden licence initiative is part of an economic recovery plan launched in October 2021 to boost growth and job creation.

Companies with investment and strategic projects that will create more than 500 jobs nationwide, or those with investment value exceeding $50 million, are eligible