Zain chooses Bahrain!
Telecoms giant Zain will move its international headquarters to Bahrain, it was confirmed yesterday.
It selected Bahrain ahead of Dubai after already ruling out a move to the Dutch capital Amsterdam.
“I can confirm that the board has decided in favour of Bahrain,” a senior Zain Bahrain official told the GDN.
“The exact details will be known in a few days and we hope to make a formal announcement soon.
“I have been in touch with our offices in Kuwait and can say there is tremendous excitement on the decision.”
He said Zain International would move from Kuwait to Bahrain in January next year.
Chief executive Dr Saad Al Barrak had announced the move during a ceremony on September 8 to rebrand the MTC group to Zain.
Dr Al Barrak had said that the company’s success in Bahrain was the prime motivator in giving the company the confidence to rebrand itself.
Sources said that Bahrain’s liberalised telecoms sector swung the decision in its favour.
“For a company like Zain, now looking to become one of the leading players in the world, the move to Bahrain makes the most business sense,” they said.
They added the decision had been communicated to the Bahrain government earlier this month, pending a formal announcement.
GDN – 19 Sept, ’07