WORK on the $1.6 billion Bahrain Investment Wharf (BIW) is progressing on the fast track, according to Tameer, the project’s developer.

Initial construction work, at a total cost of $250 million, has commenced and the infrastructure in this phase will be completed over the next 24 months, says Tameer chief executive officer Muhanad Al Durah.
BIW vice chairman and managing director  Laith Al Amary says the park is expected to contribute seven per cent to the gross domestic product (GDP) once it is fully operational and in addition to creating thousands of jobs for Bahrainis.
The wharf will house an industrial park for medium and light industries, a logistics park for storage and logistics purposes, in addition to residential, commercial and business communities.
Covering an area of 170 hectares, the park will host various industries and services. It will include industrial complexes comprising small and medium-sized factories engaged in manufacturing. There will be a logistic complex and transport and storage services in addition to commercial and residential complexes. The project will include housing for 20,000 workers on a plot of 120,000 sq m to be built at a cost of $75 million.
Half of the BIW will be dedicated to the the industrial sector, and the rest for the logistics, technology retails and residential segments. The entire project will be completed in various phases over five years.