Mubasher: SMS Group, part of German SMS Holding GmbH, decided to increase its presence in Bahrain.
The company is upgrading its office formerly known as SMS Meer to SMS Technical Service Gulf SPC office to cover technical service support for its large Middle East customer base.
The Bahrain Economic Development Board (EDB) has been instrumental in the establishment of SMS Technical Service Gulf SPC and in supporting the company relocating 50 employees to the kingdom.
"We are delighted to be able to continue our support to SMS Group and its subsidiary companies in developing and strengthening their regional operations," said Khalid Al-Rumaihi, CEO of the EDB.
"The wider Gulf market is currently valued at $1.6 trillion and is estimated to reach $2 trillion by 2020 and Bahrain, strategically located at the heart of the GCC economy, is perfectly placed to help international investors access this lucrative market," he added.
