- $16 Million Investment: Polymatech Electronics to establish a semiconductor facility in Bahrain.
- Strategic Location: The facility, named ‘Atri,’ will focus on 5G and 6G components.
- Economic Impact: Bahrain’s push for innovation and advanced manufacturing is bolstered by this new investment.
Polymatech Electronics is set to invest $16 million in building a semiconductor manufacturing facility in Bahrain’s Industrial Area – Hidd.
This new facility, called ‘Atri,’ will play a crucial role in producing components essential for the next generations of 5G and 6G technologies.
Polymatech Electronics to Boost Bahrain’s Tech Landscape with $16 Million Semiconductor Facility
The establishment of the Atri facility underscores Bahrain’s commitment to developing a digital-first economy and fostering technological advancement. This investment aligns with Bahrain’s strategic goals of economic diversification and creating a hub for innovation. By attracting global companies like Polymatech, Bahrain aims to enhance its position as a center for cutting-edge technology and advanced manufacturing in the Gulf region.
The investment aligns with Bahrain’s vision of creating a digital-first, intelligent economy by advancing its technological infrastructure. As a result, the facility will play a pivotal role in Bahrain’s economic diversification efforts and its aim to become a leading hub for innovation and high-tech manufacturing. The project is expected to attract further international interest and investment in Bahrain’s tech sector.
Bahrain’s Minister of Sustainable Development, Noor bint Ali Alkhulaif, expressed enthusiasm about the new investment, noting its alignment with the country’s goals for sustainable growth and technological excellence. The development is expected to foster a more skilled workforce and further strengthen Bahrain’s position in the global tech landscape.
Polymatech’s Managing Director and CEO, Eswara Rao Nandam, emphasized the strategic benefits of Bahrain’s location and its favorable business environment. The company’s expansion into Bahrain is seen as a major step toward achieving its global growth objectives and contributing to the region’s technological advancement.
The establishment of Polymatech’s semiconductor facility in Bahrain marks a significant milestone in the region’s technological evolution. With a focus on advanced 5G and 6G components, this investment not only strengthens Bahrain’s position as a tech hub but also sets the stage for further international collaborations and innovations in the region.
“We are excited to bring our expertise in semiconductor manufacturing to Bahrain, which offers a strategic location and facilitated access to the region.”
