Trident Warehousing WLL has entered a 10-year lease with Edamah, the real estate arm of Bahrain’s sovereign wealth fund, for a new 8,137 sqm storage and distribution facility at Sitra Industrial Park.
Under the agreement which is valued at US $7 million, Trident Warehousing and business associate Hoover Circular Solutions (a US-based supplier of sustainable packaging and fleet management solutions), will develop a facility to support their customer delivery supply chains.
This industrial park will play an important role in the development of both the industrial and logistics sectors in Bahrain which will reflect in the economic growth of the country.
Edamah Chairman & Mumtalakat CEO, H.E. Khalid Al Rumaihi, says: “Edamah continues to contribute to the economy of the Kingdom through projects that are aligned with Mumtalakat’s investment strategy. This industrial park will play an important role in the development of both the industrial and logistics sectors in Bahrain which will reflect in the economic growth of the country.”
CEO, Amin Al Arrayed, adds, “We are pleased to sign this agreement with Trident Warehousing to facilitate their operations in Bahrain, where they will be well-placed to take advantage of Bahrain’s strategic location and world-class logistics infrastructure.”
Manufacturing is a key component of Bahrain’s economic recovery plan.
Ahmed Sultan, Executive Director from Bahrain’s Economic Development Board (EDB’s) Manufacturing, Transport & Logistics Sector, comments, “Manufacturing is a key component of Bahrain’s economic recovery plan. There is an increasing demand for industrial facilities, and we are happy to have supported Edamah and Trident in this partnership.”
Sitra Industrial Park includes a number of covered facilities and dry storage plots for industrial, commercial, and logistical use, with the option of tailoring facilities according to tenants’ requirements. The 87,382 sqm park will initially expand to include an additional 8,000 sqm in the near future to accommodate the increasing demand in this industrial sector.