The Bahrain Economic Development Board (EDB) has secured an initial investment of over $16 million from Polymatech, an Indian firm specializing in electronics connectors. Polymatech will set up a cutting-edge factory in the Hidd industrial area of Bahrain.
Purpose of the Visit
This announcement came during the EDB’s recent visit to India. The delegation traveled to Mumbai, Bangalore, and Chennai to showcase Bahrain’s thriving business environment and its potential as a regional technology and industry hub. The EDB aimed to highlight Bahrain’s supportive investment climate.
Significance for Bahrain’s Digital Transformation
Noor bint Ali Al Khalifa, Minister of Sustainable Development and CEO of the EDB, stated, “Polymatech’s decision to build a factory in Bahrain represents a major milestone in our digital transformation. This investment will drive innovation and technological progress, benefiting various sectors and boosting our national economy.”
Factory’s Role and Technological Impact
The factory, branded as “Atri,” will produce key components for 5G and 6G networks. This positions Bahrain as a significant player in the global electronics connectors market. By investing in advanced technology, Polymatech will enhance Bahrain’s standing as a center for technological excellence.
Importance of Electronics Connectors
Electronics connectors are vital in modern technology, supporting everything from smartphones to electric vehicles. Polymatech’s new factory will help meet growing demand in this sector. It represents a key step in expanding the company’s global presence and aligns with its commitment to sustainable, research-driven development.
Economic and Employment Impact
The establishment of the factory is expected to create new job opportunities and contribute to economic growth in Bahrain. It underscores Bahrain’s strategic importance in the global tech industry and highlights its efforts to attract high-value investments for long-term prosperity.
