Majaal Facilitates Foreign Direct Investment Into Bahrain With New Tenancy
First Bahrain, an innovative real estate developer, through its inaugural project Majaal, has helped to facilitate the establishment in Bahrain of GULF POLYTEX, a new company formed through foreign direct investment in Bahrain. In choosing to locate its regional manufacturing operations at the Majaal warehousing and logistics complex, GULF POLYTEX satisfied a key government requirement which enabled it to receive its commercial registration and industrial licence. The newly established company will begin operations in Bahrain this month.
GULF POLYTEX intends to use its space in Majaal to manufacture and market a broad spectrum of permeable sun shading systems and awnings for both local markets and regional export. The new venture is expected create up to 10 new jobs, many of which will be for Bahrainis.
Amin Al Arrayed, General Manager of First Bahrain and Board Member of Majaal Warehouse Co., said: "First Bahrain has long sought to align its demand driven investment philosophy with the government's Vision 2030 and its long term development plans. Accordingly, it is a great honour to be able to facilitate foreign direct investment in Bahrain, which will surely lead to local job creation and increased prosperity for the nation."
Dr Reinhold Lutz, Executive Director of GULF POLYTEX said: "As a new company involved in the turnkey manufacturing business in Bahrain, our aim was to establish our headquarters within close proximity of Kingdom's transportation nodes. Majaal's prime location at Bahrain's new Salman Industrial City, close to both sea and air ports, makes this an ideal location for our manufacturing operation. Additionally, the wide variety of value-added servies, in addition to the flexible and modern storage facility, prompted us to choose Majaal as the prefered location for our operations. "
GULF POLYTEX's new headquarters at Majaal will offer turnkey services including cutting and trimming of high density polyethylene materials used in producing artificial decorative shades. The company will invite local contractors be involved with the manufacture of frameworks and also installation of shade structures to compliment a full turnkey service effort. GULF POLYTEX has also been appointed as regional representative by a prominent UK Architectural Structural Design company involved in "The Ferrari World" Project located in Abu Dhabi.
Majaal, First Bahrain's inaugural project, is located within the Salman Industrial City at the Bahrain Investment Wharf, providing easy access to Khalifa bin Salman Port and other major transport links in Bahrain. Majaal presently offers 130,000 square feet of secure, flexible and cost effective storage space which has been designed especially to facilitate the SME segment of the Kingdom's industrial sector. Space is available for lease from as little as 2,700 square feet to multiples of 10,700 square feet.
The convenient and high-quality storage units are complemented with set of services that include 24 hours a day, seven days a week security service, state-of-the-art information communication technology provisions, and fit-out assistance. In addition, Majaal offers professional facilities management, onsite forklift rental and general logistics support.