Bahrain warehouse to double capacity
Manama, August 1, 2012
Bahrain's leading provider of warehousing to small and medium sized enterprises (SMEs) is doubling the size of its facilities to accommodate more businesses.
Kuwaiti real estate developer First Bahrain Real Estate Development Company's flagship project Majaal is entering its second phase by bringing on board a team of contractors, engineers and consultants.
Adbulaal Construction Services will build the next phase of the project, which is located at the Bahrain Investment Wharf within the Salman Industrial City.
"Majaal Phase II will supply the market with 40 new warehousing and workspace units and the project is due for completion within 11 months," said First Bahrain's general manager Amin Al Arrayed.
The logistics provider's first project achieved full occupancy last year.
Engineering and site supervision service is to be provided by Mohamed Salahuddin Consulting Engineering Bureau while Baker Wilkins and Smith Middle East has been roped in to provide cost management services.
"Moving forward with the next phase of our $45 million Majaal development is a decision which represents the confidence of our shareholders in the future of Bahrain's economy," said Al Arrayed.
"The inflow of foreign direct investment, in facilities designed to support SMEs within the kingdom's industrial sector, is a demonstration of our commitment to facilitating growth in the markets we develop.
"We are pleased to be partnering with Abdulaal Construction Services (ACS), a member of the Ebrahim Abdulaal Group of Companies, a respected Bahraini firm operating since 1944, to construct the new facilities.
"Selected on the basis of a thorough and competitive process, we are confident that ACS's professional team will produce good results for us in this project," he said.
With the completion of the second phase of the development, Majaal will offer 260,000 square feet of secure, flexible and cost-effective storage space which will be double the size of present facilities.
"We are pleased to be working on such a quality project which will add value to our nation's economy. It expresses the much-needed optimism for our collective future," said ACS chairman Ebrahim Abdulaal Alfahad.
Development Company's flagship project Majaal is entering its second phase by bringing on board a team of contractors, engineers and consultants.
Services will build the next phase of the project, which is located at the Bahrain Investment Wharf within the Salman Industrial City. . – TradeArabia News Service
More Industry, Logistics & Shipping Stories
- Flare, Jordan form parent company ‘Aereon’
- Drydocks delivers second MCV for US
- ASIS launches amphibious leisure boat
- Taskforce sought to develop Saudi downstream sector
- DP World launches $200m India project
- RAK 'exploring' ceramics unit stake sale
- Mideast carriers top global air freight growth
- DMCA launches maritime solution apps
- Saudi plans oil-to-chemicals plant at Yanbu
- Sabic gets four bids for JV with Mitsubishi Rayon
- Pentair, IDC launch industrial services JV
- Major maritime conference to be held in Dubai
- GPIC wins key IFA certification
- Gulf rules must aid e-commerce: Aramex
- Gulftainer expands 2013 ops by 50pc
- DMCA to take part in Dubai boat show
- Al Namal to launch eco-friendly chillers
- Abu Dhabi city ports to receive facelift
- Kuwait Styrene posts $180m net profit
- Drydocks set for key energy event
- Aramex launches new address check system
- Toshiba in green push at Bahrain expo
- Equate net profit surges 14pc to $1.2bn
- Shaikh Daij named new Alba chairman
- Al Abbas wins logistics rights to Sudan
- Milaha profits jump 14pc to top $260m
- BIC, Al Zayani renew partnership
- Dubai Metro to open 2 stations Saturday
- Top petchem firms back UAE plastics events
- DGCX, China’s DCE launch plastics futures