Having successfully guided the development of their USD 20 million industrial facility, Mazaya Holding Co. of Kuwait today appointed Majaal Warehouse Co. to continue their service to the project as facilities and leasing managers. In announcing this appointment, Mazaya also confirmed that the construction of their project within the Salman Industrial City at the Bahrain Investment Wharf (BIW) had reached practical completion.
Commenting on this appointment, Eng. Ibrahim Al Sagabi, 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.”
In response, Mr Amin Al Arrayed, Managing Director of Majaal Warehouse Co. stated, “We are honoured to have been selected for this 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. 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.”
Commencement of the leasing efforts for this new facility will be formally launched at the Gulf Industry Fair, to be held in Manama from 3-5 February 2015. “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 Mr. Al Saqabi. “The timing of this show could not be more perfect for us.”
The construction of the project was completed in just ten months by KMC Contracting. The project has been successfully completed on time and on budget. The project represents Foreign Direct Investment (FDI) into the Kingdom of Bahrain and it serves as a strong vote of confidence in the national economy which recently posted a real GDP growth rate of 5.3%.
The Mazaya Logistics park is situated adjacent to the Khalifa bin Salman Port with easy access to all other major transport links in Bahrain. The facility now offers over 140,000 square feet of secure, flexible and cost effective industrial facilities, supporting a broad range of business activities.
These convenient and high-quality industrial facilities will be complemented with 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 square feet to as much as 10,700 square feet.