The Bahrain-based Schmidt Middle East Logistics Company will establish $30 million project in cooperation with NOGA Holding, reported Bahrain News Agency -BNA.
Wolfgang Hoppmann , company's CEO who was cited by BNA , said the scheme will be completed within 15 months.
Schmidt contributes in the new project with 51% stake, while the rest 49% is owned by NOGA.
The project's total storage capacity will be 30,000 metric tons and it is expected to provide 20 to 30 job opportunities for Bahrainis.
Wolfgang Hoppmann , company's CEO who was cited by BNA , said the scheme will be completed within 15 months.
Schmidt contributes in the new project with 51% stake, while the rest 49% is owned by NOGA.
The project's total storage capacity will be 30,000 metric tons and it is expected to provide 20 to 30 job opportunities for Bahrainis.
Source:
Mubasher
