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A MAJOR warehouse project at the Bahrain Investment Wharf (BIW) is to be expanded in response to the increasing market demand for logistics warehousing and commercial space for small and medium enterprises.
Developer First Bahrain has secured additional land, for the company's inaugural project, taking the total land mass of the project to 716,000 sq/ft.
Upon completion, the warehouse will offer approximately 200 units for lease from 800 sq/ft upwards. The first batch of warehouses is due to be handed over in seven months, with the entire project due for completion in 16 months.
Amin Al Arrayed, general manager of First Bahrain, said: "Especially in light of the current economic situation, we are pleased to be focusing on projects which support the real economy.
"This expansion is in response to sustained demand in the Bahrain market and the enlarged project will substantially increase our logistics facilities, helping to address the kingdom's current shortage of warehousing.
"Retailers and newcomers to the market - of which there are currently a high number - are dependent on warehousing and storage facilities, but there is also a wider need among other types of companies which require modern warehousing space."
Designed by international engineering firm Tebodin Consultants & Engineers, the warehousing space will be divided into individual units with an option to combine units to accommodate larger tenants' needs.
In addition to the physical warehousing space, the development will offer a security service, state-of-the-art ICT provision and assistance on efficient design and use of space.
The small to medium, modern and safe warehousing spaces can be used solely for storage, or as a combined storage facility/office, ideal for encouraging start-ups and smaller companies and allowing existing companies to expand.
