business bites Bahrainthismonth.com 80 December 2024 BEYON SOLUTIONS AND BAHRAIN AIRPORT COMPANY SIGN PARTNERSHIP Aerolam Group of Companies, headquartered in Ahmedabad, India, a manufacturing leader for the HVAC and building insulation market, announced the groundbreaking of its new USD14 million manufacturing facility in Bahrain. This milestone marks Aerolam’s first international plant, set to be located in the Bahrain International Investment Park, Salman Industrial Area, Hidd. The facility will support the company’s commitment to meeting the growing demand for insulation solutions across the Middle East and North Africa (MENA) region. The construction industry in MENA, particularly in Saudi Arabia and the United Arab Emirates, is projected to expand at a compound annual growth rate (CAGR) of 7.01 percent over the next five years. Aerolam’s Bahrain-based greenfield project will enable the company to provide high-quality insulation products to these key markets. Once operational in Q4 2025, the facility will create local jobs and manufacture a diverse range of XLPE insulation products, including rolls, sheets, boards, and pipes, all produced under the trusted Aerolam brand. The manufacturing industry is one of the most important contributors to Bahrain’s economy. Representing around 14 percent of GDP, the sector is a key driver of the Kingdom’s economic diversification efforts. Bahraini manufacturers enjoy duty-free access through its FTAs with 24 countries around the world, including the first US FTA with a GCC member. Beyon Solutions, part of the Beyon Group, and Bahrain Airport Company (BAC) have signed a strategic partnership aimed at enhancing operational efficiency and emergency response capabilities at Bahrain International Airport. The collaboration marks a major step forward in modernising Bahrain’s aviation communication infrastructure, designed to meet the complex demands of one of the region’s busiest airports. The agreement was signed by Beyon Solutions CEO, Nicholas Toon, BAC Chief Executive Officer, Mohamed Yousif Al Binfalah, and Gulf Air Group Chief Technology Officer, Ahmed Naeemi, during the Bahrain International Airshow 2024, in the presence of senior executives from both companies. AEROLAM BREAKS GROUND ON USD14 MILLION FACILITY IN BAHRAIN
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