In a move affirming its strong commitment to the local market, Kuwaiti real estate developer First Bahrain Real Estate Development Company K.S.C. today announced the appointment of distinguished Bahraini businessman Mr. Waleed Ahmed Alkhaja as its new Chairman for a term of three years. The appointment demonstrates the shareholders focus on Bahrain and their clear optimism with regards to the local property market.
First Bahrain Real Estate Development Company (“First Bahrain”) yesterday held its Annual General Meeting (AGM) for the year ended 31 December 2013. In the meeting, the Company announced several milestones, which included the successful completion of its first industrial facilities development, a 400,000 square foot facility consisting of seven buildings, specially designed to support the needs of small to medium sized enterprises, and the amicable resolution of an outstanding debt with former shareholder, Housing Finance Co. (ISKAN).
Majaal Warehouse Company (“Majaal”), the leading developer and operator of Small & Medium Enterprises (SME) – focused industrial facilities in Bahrain, announced its collaboration with ESPAC Building Materials Company (“ESPAC”) a division of REALCORP at the Gulf Industry Fair 2014, where Majaal was principal strategic sponsor of the “Logistics & Industrial Facilities”.
A services deal Majaal Warehouse Company recently signed with a Kuwaiti company is generating significant market interest and two additional parties are now in active negotiations to reach similar agreements, says Managing Director Amin Al Arrayed. Majaal, founded in Bahrain in 2008, develops and operates SME-focused industrial facilities, on its own behalf and now also on behalf of third parties.
The leading provider of industrial facilities for Small to Medium-sized Enterprises (SME’s), Majaal Warehouse Co. (“Majaal”), today announced the appointment of 3BL Associates Consultancy W.L.L. (3BL) as Corporate Sustainability Consultant for its industrial facilities projects. The engagement will result in key recommendations to improve Majaal’s operational efficiency through a corporate sustainability framework.