Shaikh Khalid bin Abdulla Al Khalifa, Bahrain's Deputy Prime Minister, emphasizes the strategic shift towards a high-value economy. Inaugurating Bahrain Steel Company's $250 million projects, he praises their contribution to environmental and economic sustainability. The initiatives, including a solar energy project, affirm Bahrain's leadership in steel production and align with the nation's ambitious carbon neutrality goals.
Bahrain's Deputy Prime Minister, Shaikh Khalid bin Abdulla Al Khalifa, underlined the paramount importance of aligning developmental projects with the kingdom's holistic growth trajectory. He emphasized the leadership of His Majesty King Hamad bin Isa Al Khalifa and the support from His Royal Highness Prince Salman bin Hamad Al Khalifa in transitioning towards a high-value economy, prioritizing environmental sustainability.
During the inauguration ceremony for Bahrain Steel Company's ambitious ventures, valued at $250 million, Shaikh Khalid bin Abdulla lauded these projects as pivotal components in advancing environmental and societal sustainability. The initiatives encompass the construction of a roof to cover the iron ore materials area, the establishment of a substantial solar energy project, and the allocation of an industrial land plot to bolster the company's expanded operations.
The Deputy Premier highlighted the significant legislative framework and robust infrastructure provided by the government, which have enticed numerous major corporations to consider Bahrain as the primary hub for their business endeavors, thereby benefitting citizens and offering promising opportunities.
Shaikh Khalid bin Abdulla commended Bahrain Steel Company's forward-thinking initiatives, emphasizing their positive impact on both the environment and the national economy. These endeavors fortify Bahrain's standing as a regional and global leader in the iron and steel industry, amplifying the private sector's commitment to responsible policies and practices.
Acknowledging the collaboration between Bahrain Steel Company and relevant ministries and government agencies, the Deputy Prime Minister expressed gratitude for their support in realizing the company's ambitious plans. He underscored their alignment with the Industrial Sector Strategy (2022-2026), aimed at bolstering the sector's contribution to the kingdom's GDP, augmenting national-origin exports, and fostering employment opportunities.
Meshary Al Judaimi, Chairman of Bahrain Steel's Board of Directors, expressed appreciation for the Deputy Prime Minister's support during the inauguration. Al Judaimi highlighted Bahrain Steel's commitment to sustainability and praised the government's backing, further enhancing the kingdom's attractiveness for investors and global competencies.
Al Judaimi underscored Bahrain Steel's dedication to creating a sustainable future, emphasizing its groundbreaking initiatives and role as a model for sustainability in both the steel industry and renewable energy endeavors. He applauded the collaborative efforts between ministries, government agencies, and major companies in establishing Bahrain's largest solar energy park and the world's largest rooftop solar project, marking significant milestones in the kingdom's renewable energy pursuits.
Shaikh Khalid bin Abdulla Al Khalifa's remarks at Bahrain Steel Company's project inauguration underscore the nation's strategic vision towards a sustainable, high-value economy. The initiatives not only strengthen Bahrain's position in the steel industry but also affirm its commitment to ambitious environmental goals, showcasing a robust partnership between the public and private sectors.