The board also discussed status of dredging the Bahrain main channel, which leads to Khalifa Bin Salman Port. The dredging of the channel will provide a sufficient depth to cater large vessels that are expected to arrive in KBSP. This will serve the aim of turning the Kingdom of Bahrain into a major transhipment hub for the upper Gulf region. The channel will also serve the rest of Bahrain ports and would have a positive impact on the shipping industry as a whole.
The new Bahrain Logistics Zone (BLZ) Project was also on the agenda of the meeting.
Shaikh Daij said: "The BLZ project will stimulate local investments as well as attract foreign direct investment. In addition this project will create a large number of jobs and serve as a catalyst for the growth of the logistics industry in Bahrain".
The board also reviewed the developments with regard to the BLZ project and learnt about the overwhelming response from local and international applicants requesting land space in the Zone. The board also reviewed the selection and screening process of the applications to satisfy themselves that the process should be fair, impartial and transparent. The criteria followed for screening process was explained which included ensuring that local and international businesses were allocated plots in the Zone. The Selection Committee will announce the names of the successful applicants very soon.