First Bahrain kicks off on warehousing project
Real estate developer First Bahrain has held a groundbreaking ceremony to mark the start of construction at its 716,000 square-metre logistics and warehousing project at Bahrain Investment Wharf (BIW).
With the first phase of the US$45 million development under way, the contractor, Abdullah H Al Darazi & Sons is hoping to complete the work before the end of this year, with the full project scheduled for completion in 18 months time.
The BIW, adjacent to the new Bahrain Gateway port, will offer a 24-hour security service, ICT provision, assistance on fitting out and forklifts available for lease.
Divided into individual units, the warehousing space can be used solely for storage, or as combined storage and office facilities, which First Bahrain says is ideal for encouraging start-ups and for allowing existing companies to expand.
“The groundbreaking ceremony at BIW signifies the start of the construction on Phase 1 of the project, which will offer well managed, accessible, and state-of-art warehousing facilities for the Bahrain SME sector,” said Amin Al Arrayed, general manager of First Bahrain.