Germany's Armacell eyes investments in Bahrain

(MENAFN) Germany's Armacell, a world leader in the market for flexible technical insulation material, is seeking investment opportunities in Bahrain, according to Gulf Daily News. The announcement was revealed in a meeting between a high-level delegation from Armacell and Bahraini Transportation Minister and Economic Development Board (EDB) acting chief executive Kamal Ahmed. Armacell showed interest in making investments in Bahrain, where international companies could look to benefit from the Gulf market now worth USD1.5 trillion. Ahmad said: "This is testament to what Bahrain offers in terms of an encouraging environment for investment, with competitive start-up costs and a qualified workforce."