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Majaal-Broadway ink deal

Bahrain Business
Wed, 07 Feb 2018

MANAMA: Majaal, a leading developer and operator of industrial facilities for small and medium enterprises (SMEs) in Bahrain, has inked a partnership deal with Broadway Trading and Services, a major exporter of recycled plastics on the sidelines of the Gulf Industry Fair.

Set up in 2011, Broadway Trading and Services specialises in the procurement of heavy equipment for the oil and gas sector.

The firm is now installing processing facilities at Majaal which will specialise in turning factory processed plastic into granulated material ready for export to the Far East, said the company in a statement.

While the inputs will originate in Saudi Arabia, the business will be a manufacturer and net exporter of material produced in Bahrain.

At the signing, Majaal managing director Amin Al Arrayed said: “We are very pleased to welcome Broadway to our facilities where they will occupy nearly 19,000sqft, making them our third largest tenant.”

“We are excited that Broadway’s innovative operations are creating jobs and value for the economy. Their selection of Majaal as their new home further reaffirms our position as the preferred provider of industrial facilities in the kingdom,” he added.

Broadway’s co-partner Dawood Ma said: “We chose Majaal primarily for the quality of its industrial facilities and the responsiveness of their management. We need our facilities to work for us and in Majaal we have found a good partner.”

“Majaal’s location is also ideal as it provides us easy access to both the seaport and the highway leading to Saudi Arabia. We are planning to expand in the future and we expect that Majaal will help facilitate our future growth,” he added.

Majaal is a wholly-owned subsidiary of First Bahrain Real Estate Development Company, a Sharia-compliant real estate investment company based in Kuwait.

Founded in Bahrain in 2008, the first Majaal property is a $45-million facility offering 400,000sqft of leasable area, located at the Bahrain Investment Wharf within the Salman Industrial City, providing easy access to Khalifa bin Salman Port and other major transport links in Bahrain.

Its services also include the provision of leasing and facilities management for third party owned industrial facilities.

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