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Edamah, the real-estate arm of the kingdom’s sovereign wealth fund Mumtalakat, is creating an industrial park in Sitra.
Existing warehouses on site are undergoing significant upgrades with more coming onboard to meet growing interest.
“The industrial park in Sitra is a sizable parcel of land where we want to encourage small-to-medium (SME) enterprises to set up, while perhaps luring one or two large companies too. It’s for people that need industrial space and facilities,” said Edamah’s chief executive Amin Alarrayed.
These are warehouses that can support businesses needing space from anything between 2,500sqm to 10,000sqm.
Usually these areas are targeted by light manufacturing and assembly interest, or as distribution centres because they are multi-use. They can also be used for a combination of both office and warehousing.
“This kind of product will be particularly attractive and encourage many SMEs because they cannot always afford to have separate offices downtown, if they want to have one facility, get a CR and set up business, this is an ideal spot.
“This model approach will have a positive impact and encourage small companies to set up in Bahrain, especially if they can do it in a really cost-effective way.
“So that’s where we come in, making sure facilities are ready and the infrastructure is there to support it.”
Sitra is typically seen as an industrial location, and with a total land size of 50,000sqm the area can conveniently be carved up according to the size of each operation.
“We’ve already started on the project and a good chunk of it is already built. It’s the ‘back of house’ location for a lot of businesses. There is growing demand for off-site storage because the last thing companies want to do is waste space storing everything in showrooms, for example.”
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