Kuwait Finance House's Bahrain subsidiary plans to set up a US$1.3 billion (¤1.06 billion) electricity, water and petrochemical complex in Bahrain, the leading commercial and investment bank announced Sunday. Construction is expected to begin in mid-2005 and be completed by 2008, General Manager Abdulhakeem Y. Alkhayyat told reporters. Alkhayyat said his company will own 10 percent and other private investors 90 percent of the complex, which will help meet the growing power needs of Bahrain.
