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Major business events in Q1 2014

Whether in manufacturing, logistics, ICT or financial services, commerce keeps growing in Bahrain.
 
Following an increase in real GDP of over 5% in 2013, the first quarter of 2014 saw significant activity. Here are just three stories that demonstrate Bahrain’s strength in key sectors and developments in the business field.
 
Arabian Sugar Company: feeding the region’s sweet tooth
 
Arabian Sugar Company, a Bahraini, Saudi and Spanish joint venture, came on-stream in February.
 
Located in the Bahrain International Investment Park (BIIP), the plant, one of five planned for the region, will help satisfy increasing demand for white sugar across MENA – 12.5 million tonnes in 2014 alone.
 
The BIIP refinery takes advantage of Bahrain’s excellent road infrastructure and ideal location to provide market access to the Gulf: most of its 600,000-tonne annual output is scheduled for export to Saudi Arabia and Iraq.
 
Mondelēz: passing the one-billion mark
 
Feeling hungry? Mondelēz International, the world’s biggest snacks manufacturer, has produced its one billionth unit of cheese and powdered drinks at its BIIP plant.
 
Since 2007, the Mondelēz plant, the first to open in the BIIP, has contributed around $50 million a year to the Bahrain economy and today employs 250 people.
 
Mondelēz clearly sees the advantages of manufacturing in Bahrain: the company plans to expand its regional operations and, with its superb facilities and infrastructure, the Kingdom is a likely candidate.

Knight Frank: handing over the keys
 
There have been some changes to the Knight Frank Middle East W.L.L. offices.

On 1 April 2014, the KFME team became a Savills International associate office. The Savills network has over 500 global offices with comprehensive advisory teams and 27,000 staff worldwide.
 
KFME’s operations have expanded to cover a larger part of the region – offering leading commercial and residential property consultancy and management services to Bahrain, Saudi Arabia, Qatar, Kuwait and Jordan.