India based Semiconductor Chip Manufacturer Polymatech Announces Over USD 16 Million Initial Investment in Bahrain
Chennai, India – 14th September 2024: Bahrain Economic Development Board (Bahrain EDB) has secured initial investment commitments valued at over USD 16 million from Polymatech to establish a semiconductor manufacturing facility in Bahrain’s Industrial Area of Hidd. This announcement was made during the island nation investment promotion agency’s visit to India, which is covering key cities including Mumbai, Bengaluru, and Chennai, aimed at showcasing Bahrain’s dynamic business landscape and its growing appeal as a regional hub for technology and manufacturing. (L to R) Eswara Rao Nandam, Managing Director and Chief Executive Officer of Polymatech Electronics; H .E. Noor bint Ali Alkhulaif, Minister of Sustainable Development, Chief Executive of Bahrain EDB; Ali AlMudaifa, Chief of Business Development at Bahrain Economic Development Board H.E. Noor bint Ali Alkhulaif, Minister of Sustainable Development, Chief Executive of Bahrain EDB , stated, "We at Bahrain EDB are pl...