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BAHRAIN : MENA Energy DMCC selects Bahrain as base for Porner Bitumen Packing System project.

MENA Energy DMCC, leading regional petroleum and chemicals products company, selected Bahrain Logistics Zone (BLZ) as the base for its new Porner Bitumen Packing System project in Middle East and North Africa region.

Porner Bitumen Packing System project is also likely to generate nearly 40 new job opportunities in Bahrain and potentially growing cargo and load movements at Khalifa bin Salman Port. This project will provide a complete logistics solution for additional economical production and delivery of bitumen in an simple way for both the refineries and end user. The system includes bitumen bag, cooling and packing unit and melting unit. Porner Bags can be moved on a much larger scale, with effortless handling and at competitive rates, to any location worldwide.

According to Sheikh Mohammed bin Essa Al-Khalifa, CEO of Bahrain Economic Development Board (EDB), its support to the formation of MENA Energy DMCC s new project in Bahrain comes under overall plan to boost private sector for development of economy.

Sheikh Mohammed said, However, it also demonstrates the benefits of doing business in Bahrain with an established infrastructure offering access to the trillion dollar Gulf market and other international locations as well as wide-ranging commercial and operational benefits.

This key tenancy at the BLZ represents a milestone in the Kingdom s efforts to leverage our position as a multimodal logistics leader serving the subcontinent, India, Africa and the northern Gulf countries. We are seeing an increasing number of regional and international logistics organizations establishing their commercial bases here, and GOP are focused on facilitating this set up process for global companies. Bahrain has not only geographical advantages; our set up costs are also lower than those of other Gulf countries, and the EDB is a unique body who supports and aids foreign investment, said Shaikh Daij bin Salman Al Khalifa, Chairman of Bahrain s General Organization of Sea Ports - the regulator and operator of Bahrain Logistics Zone.

We were attracted to the BLZ by the economic and logistics infrastructure benefits, including competitive operating costs, access to the northern Gulf region through the new port and the potential supply from BAPCO, as well as the support provided by EDB, said Rashid Abdullah Ahmad Al Ghurair, CEO of MENA Energy.

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Publication:Mena Report
Geographic Code:7BAHR
Date:Aug 29, 2011
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