MANAMA: 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," First Bahrain's general manager Amin Al Arrayed told the GDN.
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 Mr 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.