ARAB INTERNATIONAL CENTRE FOR
ENTREPRENEURSHIP & INVESTMENT

Mohammed Shaban

Mohammed Shaban
Mohammed ShabanBahrain Technogram, Gulf Strategic Partners W.L.L.
Mohammed Shaban started his career as a mathematics teacher in a public school in Bahrain after graduating from Bahrain University in 1990. To enhance his qualifications, he completed his masters degree in Computer Based information system from Sunderland University, U.K. in 2001. In 2002 he joined the Investment Promotion & Enterprise Creation Program organized by UNIDO/ARCEIT. During the training program he realized that his abilities and interests are more suitable for pursuing his own career as an entrepreneur, rather than a government employee. To achieve his ambition, he continuously attended a number of counseling sessions at ARCEIT to decide and finalize the line of business he should take up.

Initially he prepared a bio-medical project to conduct a feasibility study on, but during this period he was also provided an opportunity by UNIDO/ITPO Bahrain to interact with a Malaysian business trade delegation and explored the business opportunity for a joint venture with Teknologam of Malaysia to produce oil gaskets, which are in high demand in the Middle East with an estimated investment of 230,000 USD. He was supported by ITPO Bahrain to prepare a business plan with his Malaysian partner and to avail financial support from Bahrain Development Bank in the value of 140,000 USD. Furthermore and to provide additional support his business was accommodated at the Bahrain Business Incubator Center to provide all the necessary strategic and operational support.
After establishing Bahrain Teknologam he expanded the business by entering into another joint venture with an Americ an Partner to start a new business which specializes in various Industrial servi ces related to industrial cleaning (Gulf Strategic Partners WLL) with an estimated investment of 1.2 million USD. ITPO Bahrain, through the working arrangement for the setting -up of a venture capital fund with the Kuwait Finance House-a major financial institution in the region-provided a finance convertible loan in the amount of 530,000 USD to his new business. In September 2004 he resigned from his government job in order to dedicate his time to manage the expanding and prosperous businesses. Since then he has setup Shaban Building Materials a general trading and construction company. He has also led Gulf Strategic Partners to a rapid expansion throughout the GCC and now boasts most major regional refineries amongst his clients and has his eyes set on India. The company signed an agreement with the Kuwait Finance House a few months back agreeing to a $1.2 million credit facility. Mr.Shaban aims to be a pioneer in specialist industrial cleaning, with the possibility of taking the company public one day.

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Bahrain Financial Harbor
23rd Floor, West Tower,
Manama, Kingdom of Bahrain

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