World-renowned precision engineering company Euroscot Engineering has opened its first facility outside Scotland in the Kingdom of Bahrain.
Euroscot will serve markets in Europe and the Gulf Cooperation Council (GCC) from their $6.6 million manufacturing facility in the Bahrain Investment Wharf, according to a statement from Bahrain Economic Development Board (EDB).
With the GCC’s $1.5 trillion market expected to hit $2 trillion by 2020, Euroscot sees Bahrain as the ideal base from which to meet the region’s growing demand for manufactured goods. They will have easy access to key GCC markets – no more than 45 minutes by air or eight hours by road – with the kingdom’s primary infrastructure links being no more than 30 minutes away, it said.
In addition to excellent regional access, the company’s choice of location was influenced by the fact that Bahrain has the region’s lowest operating costs, and also by the ease with which they were able to set up with the support of entities such as the Bahrain Economic Development Board, Tamkeen and the Bahrain Development Bank. With a commitment towards having world-class institutions that are built with the private sector’s growth in mind, Bahrain makes it easy for companies to thrive through a range of incentive schemes and support services.
Euroscot’s presence will reduce the region’s reliance on importing manufactured components from Asia and elsewhere, and will introduce into the region highly specialised technology such as Computer Numerical Controlled precision engineering machinery, 3D printing and Big Area Additive Manufacturing, the EDB statement said.
In addition to regional opportunities, their presence in Bahrain also opens the door for supporting industries to enter the kingdom and take advantage of increasing manufacturing demands, as well as an attractive business environment, it added.