Italy-headquartered Ariston Thermo has inaugurated its first manufacturing plant in the Middle East.
Located in Bahrain International Investment Park (BIIP), the water heater production facility spans 7,000m2and has an annual production capacity of 250,000 electric water heaters.
According to the company, the water heaters manufactured at the plant will be mainly marketed in the Middle East and North Africa.
HE Zayed R. Alzayani, Bahrain’s Minister of Industry, Commerce, and Tourism, commented: “We are very pleased to welcome Ariston Thermo to Bahrain.
“The selection of BIIP for Ariston’s first manufacturing facility in the region demonstrates the quality of the location and the competitive advantages [that] Bahrain has to offer to global companies.”
Alzayani added: “This project was an important one for Bahrain, as it met several key objectives, enabling the growth and diversification of Bahrain’s economy, as well as creating quality skilled jobs for Bahrainis in the fields of engineering and business.
“The Ministry and Ariston are partners for the long-haul and the Ministry will do everything in its capacity to provide the right support to facilitate the company's success.”
Remarking on the inauguration, HE Khalid Al Rumaihi, chief executive of the Bahrain Economic Development Board, said: “Ariston Thermo’s new plant is a truly welcome addition to the Bahrain International Investment Park. The plant’s opening is a clear indication of the vast potential and advantages that the manufacturing industry in Bahrain provides, and further reinforces the Kingdom’s position as the ideal hub to meet growing regional demand.
“When we were in Italy last year I was struck by how much interest there was from businesses there in the GCC opportunity, so I am delighted to be able to welcome Ariston Thermo to the region.”