£27.9 million Water Treatment Upgrade

PRIME’s Client, Bluewater Bio, have one the project to upgrade one of Bahrain’s water treatment plants, valued at
£27.9 million.
Bluewater Bio is a market leader with British expertise in the water and waste water sector.

To read more click here.

Bluewater Bio is an innovative, company and the continuing demand for its market-leading capabilities shows the value placed on British expertise in the water and wastewater sector across the globe.

It also shows how UK Export Finance’s support ensures innovative businesses like Bluewater can take full advantage of international opportunities as we develop relationships as an independent trading nation.

New Private Aviation Terminal

An agreement to transform Bahrain’s Civil Aviation Affairs (CAA) building into a private aviation terminal to cater to VIPs and business leaders was signed at the Bahrain International Airshow.

Bahrain Airport Company (BAC) and Gulf Engineering House have signed a deal to redesign and renovate the old Civial Aviation Affairs building which used to be Bahrain’s main airport.   It is expected the terminal will accommodate those VIP’s and business leaders using private jets.  To read more click here.

Bids to Open on the New Saudi Causeway

The invitation to bid for the Tender on the transition phase of the new causeway has been opened by Bahrain’s King Fahad Causeway Authority.  The submission date is by the 21st February for the 25km stretch of causeway.  To read more click here.

Bahrain Allows 100% Foreign Ownership for Oil Spill Companies

The Bahrain Chamber of Commerce and Industry granted the approval after receiving a memorandum from the Minister of Industry, Commerce and Tourism, and based on a proposal by the Minister of Oil.  To read more click here.

Bahrain GCC’s Fastest Growing Economy

2017 results show that Bahrain’s real GDP grew by 3.9%, with a 5% growth in the non-oil sector,  giving the highest growth rates across the GCC.  To read more click here.

Bids to Commence on New Bahrain – Saudi Causeway

Bids for the construction of the new Saudi causeway will open next week.   The new causway will run paralell to the current one but will be for freight and passenger trains, and vehicles.  It’s estimated it will cost approximately $4-billion for the 25-km-long road further linking the kingdom with Saudi Arabia. To read more click here.

New Joint Venture to Bring $212m to Bahrain

The new Joint Venture, between Kooheji Golden Gate and Indian property developers Ajmera Mayfair, will first develop a project of over 140,000 square meters in Bahrain Bay.  To read more click here.

 

 

Parliament approves VAT for implementation on January 1, 2019

On Sunday 4 October, Bahrain’s Parliament, holding an extraordinary session upon a royal order, approved VAT at the rate of 5% per cent effective from January 1 next year.   Bahrain will be the 3rd country within the GCC to implement the VAT along with the UAE and Saudi Arabia.

To read more click here.

Appointment of Mr. Hatim Q. Zu’bi as Private Notary

To accommodate Bahrain’s economic growth and the rise of international foreign investment, and aimed to make the notarization process easier and more time and cost efficient for individuals and businesses, the Bahrain government recently launched an initiative whereby selected individuals have been appointed to serve as Private Notaries.

Mr. Hatim Q. Zu’bi, Partner at PRIME Instant Offices & Business Centre and at Zu’bi & Partners, Attorneys & Legal Consultants, has been granted such authorization to provide Private Notarial services (English Language) by the Bahrain Ministry of Justice & Islamic Affairs pursuant to Ministerial Order (23) of 2018 with Respect to the Appointment of Private Notaries.  A full list of the documents we are able to notarize in the English Language, pursuant to Ministerial Order (78) of 2017, is as follows;

  1. Affadavit.
  2. Agreement Limited Partnership Investment.
  3. Formation Statement of Limited Partnership Investment.
  4. Formation Statement of Protected Cell Company.
  5. Memorandum of Association for Special Purpose Company.
  6. Trust Instrument.

The Ministerial Order can be found here.

US$90m New Production Plant Opens

Mondelēz International opened another production plant located alongside it’s existing one.  It’s approximately 250,000 square metres and will manufacture the well known brands of Oreo and Barni to name a few.  To read more click here.