Industry and Commerce Minister Dr. Hassan Abdulla Fakhro chaired here today a meeting devoted to the new “Economic City”, in the presence of representatives from Arthur D. Little Company, charged with conducting a feasibility study on establishing the City, and the concerned officials from the ministry.
During the meeting, Dr. Fakhro was informed on the progress of the study and praised what has been done so far by the study team, expressing hope that new city will be distinguished in the region and a beacon of economic activities.
The Economic City, the brainchild of His Majesty King Hamad bin Isa Al Khalifa, aims primarily at economic development and to enable the kingdom to compete internationally in attracting foreign capital and investment by creating the required infrastructure to a high international standard and developing regulations in line with global trends.
One of the main criteria is to provide much-needed land for industrial activities, which will result in many new job opportunities as well as increasing Bahrain's competitiveness.
The city is planned to be a fully-integrated, sustainable economic city with world class infrastructure and is responsive to the environment while providing a high standard of living.