BLZ signs tenancy deal with Saudi developer
Manama, May 2, 2013
The Bahrain Logistics Zone (BLZ), part of the Transportation Ministry's Ports and Maritime Affairs, has signed a tenancy agreement with Bandar Al Khaleej, a leading Saudi developer of warehouses and logistics facilities.
The contractual lease agreement was signed by Transportation Minister Kamal Ahmed and Bandar Al Khaleej managing director Mansour Abdul Aziz Al Subaie, said a report in the Gulf Daily News, our sister publication.
Bandar Al Khaleej and the BLZ will work together to set up an economical and efficient warehousing solution.
The layout, concept and feasibility study have been successfully completed and Bandar Al Khaleej is due to start construction in the next few months.
"This development represents a key milestone for the BLZ, and will help support Bahrain's logistics offering and our position as a regional transshipment hub," Mr Ahmed said.
"The BLZ has a truly unique offering that includes competitive rates, world-class services for commercial, import/export and re-export activities, efficient turnaround times and close proximity to the state-of-the-art Khalifa Bin Salman Port (KBSP).
"All of these help make BLZ an ideal destination for companies looking to establish a strong foothold in the GCC.
"We are confident that this venture will provide mutual benefits to meet the growing demand of specialised logistics across the $1 trillion top-tier markets of the Gulf," he added.
"We have selected Bahrain as our latest destination for the development of logistics warehouses for operations due to its prime location which plays an important role as a distribution hub for Saudi Arabia and the North Gulf markets," Al Subaie said.
"Ultimately, this will lead to a drastic increase in the number of companies with specialised expertise and operational skills, especially those looking for a readymade warehousing facility, setting up shop in Bahrain, which will help support Bahrain's economy in the future," he added.
Located within 3km from the KBSP, BLZ offers companies in distribution, manufacturing and shipping the opportunity to add value to their products while enjoying a full suite of services including dedicated customs services and ready-built warehouses among others. The multi-modal logistics park focuses on attracting a niche of re-export and value-added logistics activities, such as but not limited to: component assembly, packaging, repackaging, bottling, deconsolidation/consolidation, palletising for distribution, labelling, testing and repair.
Bandar Al Khaleej is a closed joint stock company based in Al Khobar, Saudi Arabia. It is involved in the development of storage and warehousing facilities to support the logistics requirements of various industry segments. – TradeArabia News Service
More Industry, Logistics & Shipping Stories
- Cargo summit calls for cut in transit times
- Dubai bus fare cheapest among top cities
- DHL Express boosts Mideast fleet
- DNV to re-certifiy Drydocks World services
- Amphibious boats make global debut in Dubai
- Qatar sets up mixed business incubator
- Non-oil sectors ‘biggest contributors to UAE economy’
- Alba educates customers on best practices
- Spinneys to set up distribution centre at Kizad
- Maritime courses draw more trainees
- Dow to showcase at Dubai coatings expo
- UAE aluminium sector backs Syria refugees
- Asry in big vessel repair milestone
- 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