business bites BUILDING A SUPER SOUQ Diyar Al Muharraq, one of the largest integrated cities and real estate developers in the Kingdom of Bahrain, has announced the laying of the foundation for the Souq Al Baraha project, located in the heart of the city, amongst residential communities. All the necessary groundwork to begin work on the souq has been completed and Almoayyed Contracting Group has been appointed to complete the entire project, which is meant to officially launch to the public by the end of the first quarter of 2021. Souq Al Baraha will have over 470 retail stores, including markets for fish, fruits and vegetables, meat and poultry, general household goods, as well as tailors, gold and jewellery shops and traditional Bahraini products ranging from food to handcrafts. There will also be restaurants, cafes, a family recreational centre, public facilities, a fuel station, a mosque and a supermarket.
A STAMP OF PRIDE A new initiative, ‘Made in Bahrain’ aimed at promoting local products in the regional and international markets has been launched by Industry, Commerce and Tourism Minister, HE Zayed Alzayani. The ‘Made in Bahrain’ logo features the national flag and can be used on commercial registrations (CRs) or to label Bahraini products. The move looks at developing domestic exports and ensuring that Bahraini products and services are promoted and recognised in international markets. The minister said: “This will upgrade the quality of Bahraini exports and position us as a global industrial player, with the manufacturing sector currently representing about 14.5 per cent of the gross domestic product.” He added that the project will also increase dependency on local industries and help achieve self-sufficiency and food security. The mark will be granted to local factories licensed by the ministry which manufacture products containing 35-per-cent or more of domestic content.
FOR THE GREATER GOOD A memorandum of understanding was signed last month between INJAZ Bahrain and the BMMI Group, resulting in the company supporting 20 INJAZ Bahrain students with full scholarships each year. Since its inception, INJAZ Bahrain has spared no effort in launching and fostering initiatives that would enable students to learn new skills, acquire knowledge about the market and prepare for a successful future. With the support of its partners, staff and volunteers, INJAZ Bahrain has been able to reach more than 220,000 students over the past 15 years. BMMI believes that investing in people and local communities is of utmost importance. The group is an active and involved partner, with a CSR strategy that supports various programmes that lead to meaningful contribution, development and advancement of the local community.
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Vol.24 - Issue 2 - Your guide to a great way of life