Singapore-based MTQ Corporation is planning to construct a state-of-the-art $20m facility at the Bahrain International Investment Park. MTQ yesterday announced it had obtained approval in principle from the Industry and Commerce Ministry to provide specialist engineering services and components for the oil and gas industry in Bahrain and the Gulf states. When completed in 2010, the facility's main activity will be the repair and reconditioning of equipment used in the operation of blow-out preventers, a key precision safety device used on all land and offshore oil and gas rigs.