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CommerceNet Singapore (CNSG) today announced that the consortium will support
one world class technology park in Bahrain. The technology park known as
iTeknoCity will house some of the top ICT companies as well as two
bio-informatics clusters. The park is slated to be one of the top centres in
Middle-East. iTeknoCity will provide tremendous oppportunities for local and
regional companies housed in Singapore and ASEAN to make a meaningful move into
Bahrain and the Middle-East.
CNSG had gathered industry backing from various interested parties that
will participate in iTeknoCity through various flexible arrangements. CNSG is
also arranging investment opportunities into the park. Various large MNCs,
GLCs and high-networth individuals had shown keen interest. A complete
preliminary masterplan of iTeknoCity has been sent to CNSG office in
Singapore.
The state-of-the-art IT infrastructure to be deployed in the park will be arranged and managed as to allow private corporate entities to run the backbone and provided as core managed services. The project is currently awaiting Bahrain's government approval.