Dr Liam Fox MP, international trade secretary in the UK, has announced a US$36.17mn contract to upgrade Bahrain water treatment plant with support from the UK Export Finance (UKEF)
The initiative aims to support water and wastewater specialist Bluewater Bio?s contract with Bahrain Ministry of Works.
Dr Liam Fox MP said, ?Bluewater Bio is an innovative, company and the continuing demand for its market-leading capabilities shows the value placed on British expertise in the water and wastewater sector across the globe.?
UK Export Finance has provided the loan to Bahrain?s Ministry of Works under its direct lending facility to upgrade a wastewater plant in Bahrain. Bluewater Bio?s enhancements follow previous successful work by the company on the plant.
The announcement comes shortly after the chancellor announced an additional US$2.53bn in direct lending support from UKEF in this year?s Autumn Budget.
Fergus Rooksby, commercial director of Bluewater Bio, commented, ?The UK government?s support, through UK Export Finance, has played an important role in helping us secure this second significant contract for Bluewater Bio in Bahrain.?
?Having environmentally friendly technology, backed by UK Government support is a winning formula with our ongoing export expansion plans elsewhere around the world. We are delighted the Government of Bahrain has chosen to work with us again as it is a testament to our technology that will benefit the residents and businesses in the Tubli Bay area,? Rooksby added.
?This project has the potential to improve the lives of countless people living, working and investing in the Tubli Bay area,? noted Simon Martin, ambassador to Bahrain.