Baytik Industrial Oasis Signs its largest Tenant Agreement

05.03.2012

Manama, Bahrain: Baytik Industrial Oasis (BIO), a wholly-owned subsidiary of Kuwait Finance House - Bahrain (KFH-Bahrain), has signed a tenant agreement with BFG International (BFG), an acclaimed leader in designer and manufacture of a wide and diversified range of composite products. Leasing a total of 182 thousand square feet of industrial space, BFG will be producing advanced architectural product.

Established in 1975, BFG is a recognised market leader in the design and manufacture of a wide and diversified range of composite products. In addition to custom tailored general mouldings, BFG develops and supplies a wide range of standard products that are internationally acclaimed for their world class quality and highly competitive value. BFG’s global experience has allowed them to develop first-hand knowledge in the areas of design, manufacture and site installation.

Mr. Osama Alkhaja, Chairman of Baytik Industrial Oasis Commenting after the signing, “We are pleased to welcome an international, well recognised brand such as BFG and hope they have a productive tenure at Baytik Industrial Oasis. This project will benefit from Bahrain’s strong pro-business policies and of BIO’s international quality standards.” 

“BIO’s undisputed success emphasizes the advantages of doing business in Bahrain. One of our goals has been to underscore the benefits of setting up a manufacturing base in the Kingdom and our clients enjoy the numerous benefits it offers. BIO-based companies will benefit from, pre-built advanced manufacturing units built to a world-class standard; zero % corporate tax; 100% foreign ownership; superior infrastructure; duty free access to all GCC markets; excellent connectivity through road, air and sea; an FTA with the US; and access to a talented and well trained workforce pool,” added Mr. Alkhaja. 

“Baytik Industrial Oasis is an investment of a further indication of the resolve and commitment of Kuwait Finance House - Bahrain (KFH-Bahrain) to invest in the Kingdom of Bahrain and of the confidence it places in the country’s growth and prosperity,” said Mr. Alkhaja.

“Channeling a healthy rate of inquiry about our project in the past year, BIO is planning to close some monumental deals, two international tenants will be announced in the near future. Many of our future customers are unwavering in their commitment to setup an operational base here in Bahrain, I take this opportunity to thank the Ministry of Industry & Commerce for their continued support,” concluded Mr. Alkhaja.

 

BIO is the first project of its kind in the Kingdom and is located within the Bahrain International Investment Park. Focused on the technology, manufacturing, light industry service and knowledge based sectors, BIO has been designed to attract occupiers with value added activities. The project is planned to be implemented in two phases.

The recently completed Phase 1 of the project comprises of six pre-built advanced manufacturing units for lease, each consisting of four modules of equal sizes. Providing flexibility in options, a company can invest in single or multiple units covering up to 9,600 square meters. Our dedicated logistics area, built to serve all the logistic requirements within the BIIP, was also completed during Phase 1.

ENDS