Under the Patronage of H.E. Mr. Zayed R. Alzayani, the Minister of Industry, Commerce and Tourism officially opened Legend Paint’s new manufacturing facility in the Bahrain International Investment Park (BIIP), in presence of Chairman of Legend Paints Mr. Abdulhusain Dewani and a number of Ministry’s officials and businessmen.
On this occasion, H.E. Zayed R. Al Zayani, Minister of Industry, Commerce and Tourism said: “Bahrain’s government is committed to supporting export focused Bharani companies and has built a robust manufacturing and logistics sector with world class infrastructure and supportive reforms and policies in place to ensure their competitiveness in domestic, regional and global markets. We are seeing an increasing number of Bahraini companies, like Legend Paints, grow and flourish and we look forward to supporting Legend Paints in the future.”
Abdulhusain Dewani, Chairman of Legend Paints, commented: “We are very proud to officially open our manufacturing facility here in Bahrain International Investment Park. We are going to build on our success to date and this milestone event will allow Legend Paints to increase our production and expand our reach into international markets. We are committed to ensuring the highest quality products are leaving this facility and to providing quality jobs into the future.”
Bahraini company Legend Paints was established by Dawani Group Holding BSC, based in Sitra, in 2005 and in 2015 started construction of the new manufacturing facility on BIIP.
Legend Paints manufacture and distribute of a range paint products. Employing 23 and running at full capacity, the 4,400 sq.m. facility will produce 7.5 million litres of paint and export across the GCC and the wider Middle East, North Africa region.
The Ministry of Industry Commerce and Tourism (MOICT)’s Consumer Protection directorate has praised various vendors across the Kingdom for placing “VAT FREE” stickers on items not subject to 5% VAT.
The vendors have adopted this measure in response to the National Bureau for Revenue‘s call to ensure the correct implementation of VAT, in order to ensure transparency to consumers, and to ease daily transactional business in accordance with the Consumer Protection Law no. (35) of 2012 and its executive regulations.
The directorate noted the role of the private sector as a key partner in raising awareness amongst consumers regarding VAT implementation.
The Consumer Protection directorate highlighted the importance of placing the VAT registration certificate in a location that is visible to consumers, and noted its commitment to monitoring and inspecting the market in order to ensure the correct application of VAT.
The directorate urges consumers to call 80008001 to report any violations in the application of the 5% VAT to any goods and services not subject to the tax.
The Minister of Industry, Commerce & Tourism Mr. Zayed R. Alzayani met the Chairman of Hospitality & Tourism Committee Mr. Jehad Ebrahim Amin and a number of committee members, in presence of CEO of Bahrain Authority for Tourism and Exhibitions Shaikh Khalid bin Hamoud Al Khalifa.
During the meeting, they discussed a number of topics related to tourism sectors in the country and government’s directives to advance this sector, which considered important to the national economy. The minister confirmed to support all efforts and initiatives to enhance this sector and provide all facilities required for investors.
The minister also affirmed that the tourism sector in Bahrain is today one of the most important economic sectors and comes on top of government priorities and contains an important strategies focused on several elements and infrastructure that characterize the Kingdom of Bahrain, which has become a tourist destination, attracting a growing number of visitors from region and the world.
The Minister of Industry, Commerce & Tourism Mr. Zayed R. Alzayani received the Ambassador of the Kingdom of Bahrain to the Republic of Indonesia Dr. Mohammed Ghassan Sheikho.
During the meeting, the minister appreciate all the effort undertaken by the ambassador in enhancing cooperation between Bahrain and Indonesia, confirming the importance of joint meeting and mutual visits between official of both countries as well as the private sector to enhance and raise trade between the two countries to the required level.
The Minister of Industry, Commerce & Tourism Mr. Zayed R. Alzayani met the Chairman of Industry and Energy Committee Hamid Rashid Alzayani and a number of committee members.
During the meeting, they discussed a number of issues and topics related to industry and energy sectors in the country, and government’s directives to promote this sector, which is the main source of the national economy. The minister confirmed to support efforts and initiatives to enhance this sector and provide all facilities required for investors.
Under the patronage of HE Zayed R. Alzayani, the Minister of Industry, Commerce & Tourism, Undersecretary of Commerce Affairs Mr. Nader Al Moayyed opened
Autumn Fair 2019 at the Bahrain International Exhibition and Convention Centre. The Fair is organized by Arabian Exhibition Management and runs from 23 - 31 January 2019.
This year's 30th edition of Autumn Fair, spanning over 15,400 square meters of exhibition space, will bring together 650 exhibitors from 18 countries to display a wide-range of products including arts and crafts, boutiques and fashion, electrical goods and appliances, furniture and furnishings, houseware and decors, kitchenware, leather goods, shoes, cosmetics, toys, textiles, specialty foods and many more. This year's Bahraini business participants, as in the past, will be offering special deals to visitors.
The Autumn Fair is the biggest gathering of distributors, retailers and agents presenting the widest range of choices and competitive prices to shoppers. It is expected to attract large number of visitors and shoppers from inside and outside of Bahrain mainly from the Kingdom and GCC particularly Saudi Arabia. Counties participating this year includes: Bahrain, China, Egypt, India, Kuwait, Lebanon, Morocco, Oman, Pakistan, Palestine, Poland, Saudi Arabia, Singapore, Tunisia, Turkey, UAE, Yemen, Zimbabwe.
On the sideline of Autumn Fair 2019, Undersecretary of Commerce Affairs Mr. Nader Al Moayyed met Chairman of the Commercial Representation Authority Ahmed Antar, in presence of Assistant Undersecretary of Foreign Trade Ms. Eman Aldoseri and Director of Foreign Trade Relations Sheikh Hamad bin Salman Al Khalifa.
During the meeting, they reviewed the bilateral economic relations between the Bahrain and Egypt. Undersecretary praised the remarkable cooperation between the economic sectors in both countries and the efforts undertaken by the government and private sectors. At the same time, he stressed the Government's support for all steps and initiatives that would develop the relations to contribute in raising the economic growth rates in general.
The Minister of Industry, Commerce & Tourism Mr. Zayed R. Alzayani affirmed that embracing a global company and regional investments such Al Sane Group is a positive indicator to the Kingdom to attract the regional and global investments.
This came during a meeting held by the Minister with the Group Chairman & CEO of A.R. Al Sane Group and Sons Mr. Jameel Abdul Razzaq Al Sane and a number of board members, in presence of Undersecretary of Industry Affairs Mr. Osama Alorrayedh.
During the meeting, they reviewed a number of topics related economic and commercial development in the Kingdom of Bahrain, noting to the importance of this sector in revitalizing the trade movement in the country. The minister confirmed government continuous support to the private sector especially in light of their remarkable initiatives and successful steps.
It is worth noting that Al Sane and & Partners Soft Drinks Company have started their operations in the Kingdom of Bahrain since the beginning of the nineties of the last century, and considered one of the largest bottled water plant in the Kingdom.