June 18, 2014
Manama: Spanish investors announced today that they have chosen Bahrain as a location to establish operations for of ELCOS SPC. The company will produce insulation for pipes and electrical protection through its factory in Baytik Industrial Oasis in Hidd, covering an area of 4,800 sqm.
The Economic Development Board (EDB) has worked with ELCOS SPC to establish its branch in Bahrain, and has provided the support and facilitation needed to acquire a permit for establishing its factory in the Kingdom. This came as part of the EDB’s efforts to promote Bahrain and its attractive investment environment.
The company has, following registering its commercial activity, received a permit to establish the first phase of its factory which will produce 750,000 linear metres of both rigid and flexible pipes and accessories daily. These are required to perform electrical installations in line with international requirements of quality, safety and functionality.
ELCOS SPC is owned by Spanish Aiscan, a pioneering company which currently has a market share of 50% in Spain. The company’s products have received approval from ENAC, the national accreditation body in Spain, as well as the ISO Certificate.
The EDB welcomed the decision by ELCOS with Ms Vivian Jamal, Executive Director of Business Development at the EDB saying:
“We are pleased that ELCOS has chosen Bahrain as a base for its operations, seeing as the EDB aims to attract leading companies that seek to establish a presence in Bahrain. With this announcement, Bahrain continues to reinforce its location as a centre for downstream manufacturing and logistics companies in the Gulf.”
“This decision builds on the presence of international companies already operating in Bahrain, which are benefiting from the Kingdom’s trained bilingual workforce, relative low business costs, tried and tested regulations, and access to the largest market in the region.”
Commenting on the decision, Mr Antonio Frances Candela, Manager of ELCOS SPC said:
“We are proud to have chosen Bahrain as a base for our operations, and to establish a factory here in the Kingdom. Bahrain’s open and modern economy makes the Kingdom an ideal gateway to the Gulf market, which is worth $1.5trillion today and is expected to reach $2trillion in 2020. This is of utmost importance to us from a business development perspective, as we aim to supply our various products to customers in Bahrain and the region.”
-ENDS-
For Further information please contact:
Bahrain Economic Development Board
Tel: +973 17589966
Email: nc@bahrainedb.com
