BLZ Signs with Leading Warehouse Developer
The Bahrain Logistics Zone, part of the Ministry of Transportation’s Ports and Maritime Affairs,
The Bahrain Logistics Zone, part of the Ministry of Transportation’s Ports and Maritime Affairs, announced the signing of a tenancy agreement with Logistics Village Management, a subsidiary of Al-Koohji Contracting, a leading developer of warehouses and logistics facilities. The contractual lease agreement was signed by His Excellency Engineer Kamal bin Ahmed Mohammed, Minister of Transportation and Acting Chief Executive of the Bahrain Economic Development Board’s and Mr. AbdulGhaffar Kooheji.
Logistics Village Management and the Bahrain Logistics Zone (BLZ) will work together to set up an economical and efficient warehousing solution to store, handle and distribute different products and materials, and provide the warehousing facilities needed by companies looking to lease prebuilt warehouses at the zone. The layout, concept, and feasibility study have been successfully completed.
Speaking on occasion of the signing, His Excellency Mr Kamal bin Ahmed Mohamed, Minister of Transportation, said : “The BLZ has a truly unique offering that includes competitive rates, world-class services for commercial, import/export and re-export activities, efficient turnaround times and close proximity to the state-of-the-art Khalifa Bin Salman Port, all of which help make it into an ideal destination for companies looking to establish a strong foothold in the GCC. We are confident that this venture will provide mutual benefits to meet the growing demand of specialised logistics across the US$ 1 trillion top-tier markets of the Gulf”.He added that the Ministry of Transportation's goal behind this project is to provide mutual benefits to meet the growing demand for specialized logistics services across the markets in the Gulf.
Mr. AbdulGhaffar Kooheji, Managing Director of Logistics Village Management said “We have always selected Bahrain as our destination for the development of logistics warehouses for operations due to its prime location which plays an important role as a distribution hub for Saudi Arabia and the North Gulf Markets. Ultimately, this will lead to a drastic increase in the number of companies with specialised expertise and operational skills, especially those looking for a readymade warehousing facility, setting-up shop in Bahrain, which will help support Bahrain’s economy in the future,” said.
The Bahrain Logistics Zone has been actively promoting the Kingdom’s logistics and maritime credentials by reaching out to potential target markets. Located within three kilometres from the KBSP, BLZ offers companies in distribution, manufacturing, and shipping the opportunity to add value to their products while enjoying a full suite of services including dedicated customs services and ready-built warehouses among others. The multi-modal logistics park focuses on attracting a niche of re-export and value-added logistics activities, such as but not limited to: component assembly, packaging, repackaging, etc.