new usd20 million joint venture oil facility opened in bahrain
Last Updated : GMT 05:21:58
Arab Today, arab today
Arab Today, arab today
Last Updated : GMT 05:21:58
Arab Today, arab today

New USD20 million joint venture oil facility opened in Bahrain

Arab Today, arab today

Arab Today, arab today New USD20 million joint venture oil facility opened in Bahrain

New USD20 million joint venture oil facility opened in Bahrain
MANAMA - Arab Today

nogaholding, the investment and business development arm of National Oil and Gas Authority (NOGA) in Bahrain, and Schmidt Heilbronn today inaugurated its new joint venture facility, Schmidt Logistics Bahrain.

The USD 20million facility will create around 100 jobs in the logistics sector (directly and indirectly). Located in the Bahrain Logistics Zone, it will support the zone’s expanding operations, particularly in the chemical and petrochemical logistics market.

Shaikh Mohamed bin Khalifa Al Khalifa, the Minister of Oil and Chairman of nogaholding, said: "Our new facility will have a significant positive impact on the regional chemical and petrochemical industries and facilitate quicker and easier transportation of goods around the GCC. Through our partnership with Schmidt we are proud to have supported the establishment of this facility, and will continue to provide support for its operations in the future."

Mr. Thomas Schmidt, CEO and Managing Partner of Schmidt Group, said: "This new development is a reflection of the huge growth we see in the regional logistics industry. It also represents the confidence we have in Bahrain as one of our key strategic operational bases in the Gulf region. We originally chose to locate a significant proportion of our services in Bahrain because of the strong transportation links with neighbouring countries, excellent logistics infrastructure and supportive regulations."

"We are now in a position to be able to capitalise further on these competitive advantages and expand our regional offering."

Khalid Al Rumaihi, Chief Executive of the Bahrain Economic Development Board (EDB) commented at the event: "The manufacturing and logistics sector is one of the strongest in the Kingdom and Bahrain attracting more than USD200 million of investment into this sector in the first half of the year - investments that will create more than 1,000 jobs over the next three years. Joint investments such as Schmidt Logistics Bahrain enable the growth of this world-class industry and attract companies with specialised expertise and operational skills to Bahrain to support the supply chain, creating high-quality employment opportunities for the local market."

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

new usd20 million joint venture oil facility opened in bahrain new usd20 million joint venture oil facility opened in bahrain

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

new usd20 million joint venture oil facility opened in bahrain new usd20 million joint venture oil facility opened in bahrain

 



Arab Today, arab today Modern colorful bedroom renovation

GMT 11:23 2017 Thursday ,21 December

Modern colorful bedroom renovation
Arab Today, arab today For the Variety of Interior Design Styles

GMT 11:14 2017 Tuesday ,19 December

For the Variety of Interior Design Styles

GMT 06:48 2015 Tuesday ,25 August

Miller Harris to launch La Fumée Alexandrie

GMT 00:11 2017 Wednesday ,02 August

Qatari Amir meets Moroccan Premier

GMT 16:26 2013 Monday ,14 October

Veronique Rees, the new face of fitness

GMT 06:27 2017 Thursday ,23 March

Confident of winning African tournament

GMT 06:24 2017 Wednesday ,19 April

Syria evacuations resume after deadly bombing

GMT 10:46 2017 Wednesday ,18 January

Israel policeman killed during home demolition operation

GMT 04:44 2017 Wednesday ,15 February

China’s credit growth poses challenge

GMT 09:18 2016 Thursday ,22 September

Governor declares state of emergency

GMT 18:22 2015 Thursday ,13 August

Kylie Jenner goes blonde for party

GMT 02:43 2016 Monday ,19 December

Giant oil tanker pays EGP 81 m to transit Suez Canal

GMT 13:29 2018 Tuesday ,16 January

Jawaher Al Qasimi Calls for Combined Efforts

GMT 04:19 2016 Thursday ,29 September

IMF chief warns of weak growth, lure of protectionism

GMT 14:23 2016 Thursday ,24 November

New musical talent makes Egypt’s heart ‘beat’

GMT 00:59 2017 Wednesday ,22 March

New Dh10m market comes up in Sharjah’s Maliha area
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday