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Current Stories / 2010 / 2009 / 2008 / 2007 / Majaal / Corporate /

		Majaal Warehousing Company Takes Best industrial Property At 2009 Gulf Real Estate Awards Manama, 18th November 2009: First Bahrain's Majaal Warehouse Co., an SME-focused warehousing and logistics project at the Bahrain Investment Wharf, last night won the Best Industrial Development at the 2009 GRE Awards for Excellence in Real Estate. The award was given for Majaal‘s significant contribution to the development of the Kingdoms real estate and warehousing sector, as well as for the key role it plays in stimulating the economic growth of Bahrain, despite the global economic turmoil. The prestigious award was presented at a ceremony held at the Crowne Plaza Hotel yesterday as part of the 2nd Annual Gulf Real Estate Fundamentals Conference (GREF) 2009. Majaal is a wholly owned subsidiary of First Bahrain, an innovative regional real estate development company. (Read More)

		First Bahrain Unveils Majaal - the Kingdoms First SME-Focused Warehousing and Logistics Company Manama, 12th October 2009: First Bahrain, an innovative regional real estate developer, today announced the launch of its new subsidiary, Majaal Warehouse Co., the region’s first small to medium enterprises (SME) focused warehousing and logistics company. Majaal will be the operating company to manage First Bahrain’s inaugural project located at the Bahrain Investment Wharf. The new company was unveiled at a grand ceremony at the Ritz Carlton Bahrain Hotel and Spa in the presence of First Bahrain‘s Chairman Mr. Salah Ahmed Al-Wuhaib, principal shareholders, guests, media representatives and the management team of First Bahrain. (Read More)

		First Bahrain Appoint DTZ as Leasing Agents For 716, 000 Square Feet Warehousing project Manama, September 29, 2009: First Bahrain, an innovative regional real estate developer, today announced the appointment of DTZ, one of the largest, diversified real estate services companies as exclusive leasing agent for its 716,000 sq ft, warehousing project at the Bahrain Investment Wharf (BIW). DTZ will be spearheading the marketing of the region’s first, USD 45 million small to medium enterprises (SME) focused integrated warehousing and logistics development, the first phase of which is scheduled to be completed by December 2009. (Read More)

		First Bahrain Warehouse Development Reaches Key Construction Milestone Manama, September 27, 2009: First Bahrain, an innovative regional real estate developer, today announced the achievement of a significant milestone, being the completion of 50% of the construction of the company’s logistics and warehousing project at the Bahrain Investment Wharf (BIW). Main construction work of the project is being undertaken by Abdullah H. Al Darazi & Sons, who are working on schedule to complete the project on time by December 2009. Tenants are expected to be able to occupy the buildings from 1 January 2010. (Read More)

		First Bahrain appoints 4SPOTS as web consultant Kuwait, July 22, 2009: First Bahrain, an innovative regional real estate developer, today announced the appointment of 4SPOTS to build the website for its warehousing project at the Bahrain Investment Wharf (BIW). 4SPOTS, a leading web design and development company, has been operating for over four years and has developed award winning websites for a wide range of prestigious companies including, MenaTelecom, Bahrain Islamic Bank, and National commercial Bank. (Read More)

		Young Arab Leaders program helps Bahrainis take step to success Manama, 30 June, 2009: The Young Arab Leaders (YAL) Steps to Success workshop, which runs from 30 June until 1st July at the University of Bahrain, was today addressed by Amin Al Arrayed, General Manager of First Bahrain, an innovative regional real estate developer. Other key note speakers scheduled for the event which is being attended by a select group of Bahraini students, include Ahmed Al Banna, Chief People Officer of Gulf Air and Abdulhakeem Alkhayyat, CEO of KFH-Bahrain and Bassim Al Alawi Managing Director of Al Alawi Factories. (Read More)

		First Bahrain announces new Senior Projects Manager Manama, 17 June, 2009: First Bahrain, an innovative regional real estate developer, is pleased to announce the appointment of Yasser Abu-Lughod as Senior Projects Manager. This appointment reinforces First Bahrain’s commitment to building a professional workforce to support its continued growth. (Read More)

		First Bahrain Appoint Unisono as strategic Brand Consultants Manama, May 31, 2009: First Bahrain, an innovative regional real estate developer, today announced the appointment of Unisono as strategic brand consultants for its warehousing project at the Bahrain Investment Wharf (BIW), which is conceived due to a clear shortage of quality warehouse space in the Kingdom. Unisono has been operating in the Gulf region for over three years, and has created award winning brands which are well known in Bahrain, including Bahrain National Insurance Company, Automo, Ijara, and HPC (Hidd Power Company). Most recently, Unisono has been appointed as the global rebranding partner for Cityscape. (Read More)

		First Bahrain announces positive financial results for 2008 Kuwait City, 4th May, 2009: First Bahrain, an innovative regional real estate developer with headquarters in Kuwait, today announced the release of the company’s 2008 financial results at their Annual General Meeting (AGM) held on 4th May 2009. The 2008 figures, audited by Ernst & Young, showed positive results of KD 2.6 million net profits, despite the turbulent economic conditions. In addition, Sharia auditors Al Mashora & Al Raya for Islamic Financial Consulting affirmed that the company performed its duties towards the execution of contracts and transactions in 2008 in accordance with the provisions of Islamic Sharia (Read More)

		Construction commences on First Bahrains USD 45 Million warehousing development at BIWs Manama, April 27, 2009: First Bahrain, an innovative regional real estate developer, today held a groundbreaking ceremony for its 716,000 square feet logistics and warehousing project at the Bahrain Investment Wharf (BIW). The first phase of the USD 45 million development, funded in part through debt secured from Kuwait Finance House, is now under construction. The contractor, Abdullah H. Al Darazi & Sons, is pursuing an aggressive schedule to complete the work prior to the end of 2009 with the entire project due for completion in 18 months. (Read More)

		First Bahrain appoints Baker Wilkins & Smith (BWS) Middle East as Cost Consultants Manama, March 28th, 2009: First Bahrain, an innovative regional real estate developer, today announced the appointment of Baker Wilkins and Smith (BWS) Middle East as its cost consultants for its warehousing project at the Bahrain Investment Wharf (BIW), which is conceived due to a clear shortage of quality warehouse space in the Kingdom, especially in the region surrounding the new Shaikh Khalifa Port. The move to appoint BWS Middle East comes as part of First Bahrain’s proactive approach to cost management and quality control, measures that have resulted in the company maintaining strong financial performance despite the global economic downturn. (Read More)

		First Bahrain appoints Protiviti for risk consultancy and quality management Manama, March 15th, 2009: First Bahrain, an innovative regional real estate developer, today announced the appointment of Protiviti’s member firm for the Middle East region as its internal auditors. Protiviti is the world’s leading internal audit and business consulting firm composed of experts specializing in risk, advisory and transaction services. The move to appoint Protiviti comes as part of First Bahrain’s proactive approach to risk management and quality control, measures that have resulted in the company maintaining strong financial performance despite the global economic downturn. (Read More)

		First Bahrain announces contracting deal for USD 45 Million warehousing development at BIW Manama, February 23, 2009: First Bahrain, an innovative regional real estate developer, today announced the appointment of Abdullah H. Al Darazi & Sons Co. as the main contractor for the construction of its warehousing project at the Bahrain Investment Wharf (BIW), which is conceived due to a clear shortage of quality warehouse space in the Kingdom, especially in the region surrounding the new Shaikh Khalifa Port. (Read More)

		First Bahrain Supports Information Centre at Shaikh Ebrahim bin Mohammed Al Khalifa Centre for Culture and Research Manama, 15 February 2009 – First Bahrain Real Estate Development Co. (First Bahrain), an innovative real estate developer focused on demand driven projects, today announced its official sponsorship of the Information Centre in the Shaikh Ebrahim bin Mohammed Al Khalifa Centre for Culture and Research in Muharraq. The support is part of First Bahrain’s wider strategy to preserve and build on the Kingdom’s architectural and cultural history. (Read More)

		First Bahrain appoints Tebodin Middle East Consultants and Engineers as Project and Construction Managers Manama, 10 February 2009: First Bahrain, an innovative regional real estate developer, announced the appointment for Tebodin Middle East Consultants and Engineers as Project and Construction Managers for its warehousing development at the Bahrain Investment Wharf (BIW). (Read More)