3rd September 2008: A new milestone has been set towards the development of the BIIP in the kingdom of Bahrain, an opportunity for investors start business in Bahrain and enjoys facilities and services like never before. The Bahrain International Investment Park (BIIP) is a new high quality 247 hectare Business Park that has been developed by the Ministry of Industry and Commerce. The Park is situated in a superb location with excellent connectivity and access to both the Bahrain International Airport and the new Shaikh Khalifa Sea Port in Hidd. The BIIP enjoys direct motorway access to Saudi Arabia, via the 25KM Saudi-Bahrain Causeway and by 2011 will enjoy the same connectivity to Qatar via the new Causeway.

The BIIP is designed to attract export oriented companies with high value-added projects that will contribute to creating quality local employment

The Park offers unique incentives including:

• Availability of serviced industrial land at extremely competitive rates.
  
• Renewable 50 year leases.
  
• 0% Corporate Tax with a 10 year guarantee.
• 100% Foreign Ownership.
  
• No Recruitment restrictions for the first 5 years.
  
• Dedicated assistance of a professional management team.

The target market for the BIIP is local, regional and international companies looking to develop manufacturing or international services operations..

Projects from a wide range of sectors have been approved for the park including Food, Medical Technology, Household products, Electronics devices, Packaging materials, Electrical switchgear and Architectural model manufacturing. Companies will also undertake activities in export led services including Insurance claims administration, advanced information systems, Software application systems and High technology printing services.