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BAHRAIN could become a global hub for supplying construction materials, especially cement.
A $16-billion (BD6.04 billion) company could be set up, and its turnover may hit $126 billion over 10 years. Plans to launch a feasibility study were revealed when Industry and Commerce Minister Dr Hassan Fakhro met United Cement Company chief executive officer Nadhem Al Sheikh last month.
Dr Fakhro commended the positive initiatives of the private sector in providing the market with essential construction materials.
Al Sheikh expressed the global company’s desire to form a joint stock company in Bahrain to manage construction trade operations, especially cement, all over the world.
Bahrain was the best location for its headquarters, according to the study and a referendum carried out by major law firms and legal consultants.
