Manama, May 10 (BNA) The Chinese company iCOOL, which is specialized in the manufacture of heating, ventilation and air conditioning products, has invested 10.7 million US dollars to set up a factory in Bahrain.
Through this company, the company seeks to produce and export air conditioner insulation pipes to the Middle East, the United States of America and Europe, taking advantage of Bahrain’s strategic location and free trade agreements between the Kingdom and 22 countries around the world.
It includes the Free Trade Agreement (FTA) that was signed between the Kingdom of Bahrain and the United States of America, for the first time in the Arabian Gulf region.
The Chinese company, which operates factories around the world, serves clients from 130 countries, with a projected annual revenue of $420 million.
iCOOL has designed and developed nearly 80% of the machines it uses in its factories, allowing the Chinese company to operate at 10% higher capacity than its peers.
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