Malca-Amit – a specialist in storage and shipping of precious metals, diamonds, jewellery, fine arts and valuable assets – has inaugurated its first regional office in Bahrain.
The logistics provider will begin operations in the kingdom with a niche offering that will further add value to the sector.
The exclusive office for Malca-Amit Bahrain will be located in the Awal Private Terminal, the kingdom’s first international airport that operated during the 1960s and 1970s, which currently serves VIP and private airline passengers.
As for the main headquarters of Malca-Amit, it will be strategically located at the Cargo Complex in the Bahrain International Airport (BIA).
Commenting on the launch, Aaron Hochberg, general manager of Malca-Amit, said: “We carefully analysed the regional market and Bahrain was the ideal choice for the launch of our operations in view of its strategic location and competitive operating costs. Bahrain will enable us to serve our exclusive clients in the region.”
With a global team of 1,500+ members in over 20 locations across the world, Malca-Amit offers comprehensive services for high-value goods. Its global vaulting facilities are situated in Bangkok, Singapore, Zurich, Toronto, London, New York, and Hong Kong.
The company will offer multiple services out of Bahrain to serve local and regional clients, including door-to-door services, high-net-worth personal vaulting storage and jewellery and precious items storage.
The Economic Development Board (EDB), the national investment promotion agency, has welcomed the entry of Malca-Amit.
Ahmed Sultan, executive director of business development for Logistics at the EDB, said: “The presence of a global logistics company like Malca-Amit in Bahrain will contribute to enhancing the value proposition of our logistics services sector, which will support sustainable economic growth and further position Bahrain as one of the top global destinations for logistics services.”
Malca-Amit Bahrain is expected to contribute to the kingdom achieving the goals of the Logistics Services Sector strategy under the Economic Recovery Plan, which aims to reach an annual airfreight volume of one million metric tonnes.
As part of the national Economic Recovery Plan, Bahrain’s Logistics Services Sector Strategy (2022–2026) aims to position the kingdom as one of the top 20 global destinations for logistics services, and increase the logistics services sector’s contribution to GDP to 10 per cent by 2030.
The launch of Malca-Amit Bahrain comes just a year after it signed a memorandum of understanding with the Bahrain Institute for Pearls and Gemstones (Danat), a laboratory and scientific research centre specialising in natural pearl and gemstones third party verification services, seeking to preserve and advance Bahrain’s vast pearling heritage.
Through the agreement Malca-Amit will offer access to a global distribution network for Danat’s diamonds and natural pearls.
&uuid=(email))