Kuwait-based Mazaya Holding Company has appointed Majaal Warehouse Company as the facilities and leasing manager for its upcoming logistics park in Bahrain.

Majaal is a leading developer and operator of industrial facilities for small to medium enterprises (SMEs). Founded in Bahrain in 2008, the first Majaal property is a $45-million facility offering 400,000 sq ft of leasable area, located at the Bahrain Investment Wharf within the Salman Industrial City.

Mazaya said its $20-million industrial facility project within the Salman Industrial City at the Bahrain Investment Wharf (BIW) has been completed by KMC Contracting within 10 months.

Commenting on the Majaal appointment, Ibrahim Al Sagabi, the group CEO of Al Mazaya Holding, said: "We are pleased to continue our collaboration with Majaal as we make our entry into the industrial facilities sector. Majaal has demonstrated professionalism and has represented our interests well in the management of the project thus far."

"We expect they will continue to deliver positive results as the development moves into an operational phase," he stated.

Amin Al Arrayed, the managing director of Majaal Warehouse Company, said the project was a significant foreign direct investment into the kingdom and served as a strong vote of confidence in the national economy which recently posted a real GDP (gross domestic product) growth rate of 5.3 per cent.

He expressed delight on being selected for the new assignment. "Having supported Mazaya through both the design and construction phases of this project, this agreement extends our relationship to cover the operations of the facility," noted Al Arrayed.

"We are building on our reputation as the preferred provider of industrial facilities in the kingdom, now delivering professional services to third parties, applying the skills and expertise we have developed managing our own properties since 2010," he added.

According to him, the commencement of the leasing efforts for the new facility will be formally announced at the Gulf Industry Fair, a leading industrial B2B exhibition in the Northern Gulf region, which opens on February 3 in Bahrain and runs for the next two days.

"We are very pleased to be bringing this facility to market through this event which brings together our entire target market. We expect that many of the expanding companies who participate here as both exhibitors and guests will be in need of such facilities as they grow." stated Al Sagabi. "The timing of this show could not be more perfect for us," he added.

The Mazaya Logistics park is situated adjacent to the Khalifa bin Salman Port with easy access to all other major transport links in Bahrain. It now offers over 140,000 sq ft of secure, flexible and cost-effective industrial facilities, supporting a broad range of business activities.  

These facilities will be complemented with an array of services that include 24 hours a day, seven days a week security, state-of-the-art information communication technology provisions, assistance on efficient design and use of spaces available from as little as 2,700 sq ft to as much as 10,700 sq ft.-TradeArabia News Service