Polymatech Electronics, a semi-conductor chip producer, announced plans to invest $16 million in Bahrain for setting up a semi-conductor manufacturing plant in the gulf nation. The establishment of 'Atri' in Bahrain Industrial Area - Hidd is crucial for manufacturing vital 5G and 6G components, signifying Polymatech Electronic's initial move towards broadening its international presence.

"We, at Bahrain EDB are pleased to welcome Polymatech alongside several leading multi-sector companies to business-friendly Bahrain. Bahrain continues to maintain momentum in delivering on its vision of developing a digital-first, intelligent economy, fostering a future-ready ecosystem that prioritizes the development of next-generation technologies, advanced manufacturing and a highly skilled workforce," Minister of Sustainable Development, Chief Executive of Bahrain Noor bint Ali Alkhulaif said.

According to him, the establishment of a semiconductor facility by Polymatech in Bahrain will bring about a new era of innovation and technological advancement in various industries, making a significant contribution to the national economy.

Polymatech's establishment in Bahrain would help in diversified economy, sustainable growth, and the country's ambition to be a center of innovation and technological excellence in the area.

"We are excited to bring our expertise in semiconductor manufacturing to Bahrain, which offers a strategic location and facilitated access to the region. Establishing our semiconductor manufacturing facility here aligns perfectly with our expansion goals.." said Polymatech Electronics Managing Director and CEO Eswara Rao Nandam said.