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Abdulrahman (left) and Al Arrayed sign the agreement

Abdulrahman (left) and Al Arrayed sign the agreement



Majaal signs up as GIF sponsor

01 November 2013

MAJAAL Warehouse Company, Bahrain’s small and medium enterprises (SME)-focused developer and operator of industrial facilities, has signed a key sponsorship agreement with Hilal Conferences & Exhibitions (HCE) to participate at Gulf Industry Fair 2014 next February.

Under the agreement Majaal, which had a high-profile presence at the 2013 edition of the Northern Gulf’s premier business-to-business industrial exhibition, will be the principal strategic sponsor of the ‘Logistics and Industrial Facilities’ show segment.

A wholly-owned subsidiary of First Bahrain Real Estate Development Company, Majaal has enjoyed steady growth since its February 2010 inception, achieving full occupancy of a 12,000 sq m first phase in late 2011, in addition to completing and fully occupying the 12,000 sq m second phase at the Bahrain Investment Wharf site in June 2013.

Construction on Phase 3, comprising a single 13,000 sq m clear span warehouse, is currently underway, with completion due in early 2014. A 10-year lease for 75 per cent of the space was confirmed with a Bahraini distributor for fast moving consumer goods (FMGC) companies, Abudawood Group, in March this year.

In addition to developing high-specification warehouse space, Majaal has diversified into support services, including business administration and logistics support and 24/7 security, state-of-the-art ICT provisions, transportation assistance and fit-out management services.

 

A “SUCCESS STORY”

Jubran Abdulrahman, managing director of HCE, remarked: “Majaal is a true economic success story which has consistently delivered on its promises, and through Gulf Industry Fair we are honoured to have helped play a part in this success. It is HCE’s intention to ensure that Gulf Industry Fair maintains quality as a showcase that has so far helped to provide the positive exposure that supports Majaal’s long-term business development objectives.”  

Amin Al Arrayed, managing director of Majaal, commented: “Gulf Industry Fair is where real business is done, numerous business relationships have been made and several successful deals have also been closed as a result of our participation in GIF 2013. At the 2014 show we plan to make a significant announcement about an additional phase to the project, as well as showcasing Majaal’s credentials as a facilitator of foreign direct investment into Bahrain

“By diversifying our capabilities into warehouse operating support we are also now saying to the market that not only can we build your warehouses, but we can build your warehousing business. This is a quantum shift for Majaal, and is an area we will be highlighting at GIF 2014.”

Gulf Industry Fair 2014 will be held from February 4 to 6 at the Bahrain International Exhibition and Convention Centre (BIECC).




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