Alba signs major lease agreement with ministry

18/05/2026 05:33 AST

THE Industry and Commerce Ministry has signed a major lease agreement with Alba, providing the industrial giant with 18,000 square metres of land to bolster its waste processing and recycling capabilities.

The plot, located adjacent to the Alba smelter, will be dedicated to sustainable manufacturing solutions and reflects the kingdom's push toward a circular economy.

Ministry Under-secretary Eman Al Doseri stated that the agreement is a key component of the Industrial Sector Strategy 2022-2026. The move directly supports Bahrain's national commitment to achieve net-zero carbon emissions by 2060.

"This agreement aligns with our objectives to support industrial sustainability and initiatives aimed at reducing carbon emissions," Ms Al Doseri said.

She further emphasised the ministry's dedication to helping local factories adopt modern, eco-friendly technologies that strengthen the national economy.

Alba chief executive officer Ali Al Baqali praised the ministry's ongoing support, highlighting the deep-rooted collaboration between the two entities.

"This agreement reflects the strong strategic partnership between Alba and the Ministry and our shared commitment to advancing Bahrain's industrial sector through sustainability and efficiency," Mr Al Baqali added.

The ministry confirmed the new site is situated next to existing industrial lands leased to the company, ensuring seamless integration with Alba's current expansion projects. The move is expected to drive long-term growth and solidify Bahrain's position as a regional leader in sustainable industrial development.

GDN Online