Chennai, Bahrain Economic Development Board (Bahrain EDB) has secured over USD 16 million in initial investments from Polymatech, an India based semiconductor company, to establish a facility in Hidd's Industrial Area. The announcement was made during Bahrain EDB's visit to India, covering key cities such as Mumbai, Bengaluru, and Chennai, to promote Bahrain's business environment and position as a regional hub for technology and industry. Noor bint Ali Alkhulaif, Minister of Sustainable Development and CEO of Bahrain EDB, welcomed Polymatech's investment, highlighting Bahrain's efforts to develop a smart economy focused on digital transformation and advanced manufacturing. She said, "Polymatech's decision to set up a semiconductor facility in Bahrain marks a milestone in our digital transformation journey and will drive innovation and technological progress across multiple sectors, significantly benefiting the national economy." Polymatech's Bahrain facility, to be established under the brand "Atri," will produce key components for 5G and 6G networks, positioning Bahrain as a key player in the global semiconductor value chain. Semiconductors are crucial in powering modern devices, from smartphones to electric vehicles. This move represents Polymatech's first step in expanding its global presence, in line with its commitment to sustainable, research led development. Eswara Rao Nandam, Managing Director and CEO of Polymatech Electronics, expressed excitement about the expansion, noting that Bahrain's strategic location and easy access to regional markets align with the company's global growth goals. He added that the new facility will meet growing international demand while contributing to innovation in Bahrain and the wider region. Ali Al Mudaifa, Chief Business Development Officer at Bahrain EDB, attributed the success of attracting such investments to the collaborative efforts of Team Bahrain, which brings together public and private sectors to maintain an attractive business environment. He emphasised that Bahrain's strategic location and advanced regulatory framework make it competitive in the global market. Polymatech's investment will further enhance Bahrain's growing industrial and ICT sectors, contributing to the Kingdom's ongoing efforts to achieve economic diversification, sustainable growth, and its goal of becoming a regional hub for innovation and technological excellence. Source: Bahrain News Agency