Baytik Industrial Oasis Company (BIO), the modular industrial leasing complex at Bahrain International Investment Park (BIIP), has signed a lease agreement with Tactile Roofing.

BIO has leased an area of 4,783 sq m to Tactile Roofing for its new venture in Bahrain involving the production of stone coated metal roofing tiles utilising advanced technology. Tactile Roofing will export products around the GCC and to Africa.

The new agreement marks a milestone for Baytik Industrial Oasis, which is now near full occupancy with limited space remaining.  Benefits to businesses leasing space at the serviced industrial park include access to high quality manufacturing space, low upfront investment costs, and close proximity to the Khalifa bin Salman Port and Bahrain International Airport.

Baytik Industrial Oasis, a wholly owned subsidiary of one of the region's largest banks, Kuwait Finance House – Bahrain (KFH-B), provides 54,072 sq m of industrial space and is housed in BIIP which is positioned as a location for investment in Bahrain, offering a tax-free location with full duty-free access to GCC markets.

The agreement was signed between BIO chairman Osama A Al Khajah and Ankit Sanghrajka, director of Tactile Roofing, in the presence of Riaz Mohamed, KFH-B portfolio manager for BIO, and Heather Longden, associate director, CBRE as well as Kim Kyung Il from Tactile Roofing.

Al Khajah said: "BIO is delighted to sign this agreement with Tactile Roofing and to provide a firm foundation for the success of our clients' businesses while promoting foreign direct investment in the kingdom in partnership with BIIP.  With BIO now near fully occupied we have strong demand for the remainder of the space."

Sanghrajka said: "Tactile Roofing  is pleased to now be established in the Kingdom of Bahrain, a strategic hub for our regional operations.  We look forward to joining the community of highly regarded manufacturers at BIO and BIIP and feel that the choice of location will certainly add value to our business activity here in the kingdom."

“BIO is an important part of CBRE’s portfolio of assets under management in the Kingdom of Bahrain, providing pre-built industrial space with excellent facilities.  This latest agreement is a great achievement and we look forward to continuing to support BIO and KFH-B to secure leading and innovative firms for the final remaining units,” Longden noted. – TradeArabia News Service