Proving again that it is the leading provider of warehousing and industrial facilities for Small to Medium-sized Enterprises (SMEs), Majaal Warehouse Co. announced today the signing of a new tenancy agreement with Louri Industries. A start-up industrial chemicals company, Louri Chemical Co., has chosen Majaal to house its primary distribution center.
The Bahrain-based company will import and supply the market with industrial related chemicals, where it is planned to shortly grow into a chemical manufacturing plant in the near future, targeting the growing industrial sectors in Bahrain and KSA. The company will store within its 2,700 square feet of secure warehouse space, all its chemical products that it imports from abroad and will distribute it to different parts of the Kingdom.
Amin Al Arrayed, General Manager of First Bahrain and Managing Director of Majaal Warehouse Co. commented, Further diversifying Majaals tenant base, we have signed yet another key agreement with one of Bahrains entrepreneurial entities, Louri Chemicals. Majaal represents our initiative to support and strengthen the Kingdoms emerging industrial segment of the Small to Medium Enterprise (SME) sector and to attract value-added investments that will not only stimulate the local economy but will also enhance Bahrains position as a regional hub for industrial businesses. This key partnership endorses Majaals unique offerings and the state-of-the art facilities that suits various business models.
Waleed Louri, Founder and Managing Director of Louri Chemical said, Louri Chemical is a Bahrain-based industrial chemicals company that has recently signed an exclusive distribution agreement with one of the largest and most reputable manufacturing plants in India.
As our business grows and expansion plans take place, we are in need for a secure, accessible and efficient space in which we can combine our storage and distribution operations in one facility for better supervision. The state-of-the art facilities and professional support have made Majaal an ideal location for our business. With the establishment of this facility, we are looking forward to commencing operations and implement our expansion plans.