MIDDLE EAST landowner and investment company called Al Mazaya Holdings , we are developing and operating warehouses on their behalf ; adding
MIDDLE EAST another 22,000 square metres on our portfolio of warehouses under management . We will act as facilities and leasing managers on their recently completed $ 20 million industrial site .
“ We ’ ve been able to add a new revenue stream on top of the rental income with the service income . It has allowed us to expand without the heavy capital expenditure that comes with land acquisition .
“ We think it ’ s a very prudent way of expanding across the GCC . This is how we envision growing our brand and undertaking projects outside of Bahrain .”
Effectively growing by a third in size as a result of contracts signed is something that would not be possible at the same speed if Majaal were to acquire and build on its own land . Al Arrayed sees the firm ’ s chosen method as a very scalable and successful business model which he hopes will allow it to gain an international presence .
As part of the wider remit , Majaal took part in the Gulf Industrial Fair in Bahrain and this provided the opportunity to not only announce it had signed with Al Mazaya but that it is eager to take on other such mandates .
Al Arrayed added : “ We have actively marketed and introduced ourselves to industrial landowners from further afield . Our business model allows us to get into other markets without significant equity
Mazaya Interior at BIW
“ Majaal now offers services to lease , develop and operate warehouses for third parties . We ’ re leveraging our experience and success in our own project and are now offering turnkey solutions for clients ”
– Amin Al Arrayed Managing Director , Majaal
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