BIO Signs DTZ as Property Adviser

26.01.2011

Manama, Bahrain: Baytik Industrial Oasis (BIO), a wholly-owned subsidiary of Kuwait Finance House - Bahrain (KFH-Bahrain), has announced the appointment of DTZ as its exclusive leasing agent and property and facility manager for BIO.

“KFH-Bahrain and DTZ have enjoyed a long standing relationship and this new appointment is further testament to this affiliation,” said Mr. Nader AlMoayyed, Chief Executive officer of Baytik Industrial Investments. “BIO’s primary focus is to attract the right kind of occupier to the facility; those that provide value added services such as manufacturing, light industry and service and knowledge based sectors and we believe DTZ has the right credentials to help us achieve that.”

Claire Luck, Associate Director, DTZ Bahrain said, “DTZ is delighted to be appointed to lease and manage Baytik Industrial Oasis, the state-of-the-art industrial park. The units are completed and available immediately with all infrastructure in place including roads, electricity and telecommunications. New industrial setups or existing industrial companies looking to upgrade their premises will enjoy a facility built to the highest international standards. Furthermore, as the only industrial scheme in Bahrain offering advanced, pre-built manufacturing units, BIO is the choice for companies wishing to set up or move with minimal disruption to their business. Its proximity to the port, airport and main arterial road network adds to the ease of locating at BIO. DTZ is looking forward to helping BIO deliver this exciting project.”

BIO-based companies, such as the recently signed Siemens, 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.

Phase one of the scheme comprises six pre-built 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 metres. BIO also offers a dedicated logistics area, built to serve all the logistic requirements within the BIIP. Work on phase two of BIO will commence shortly.

DTZ, the first international property advisory firm to set up permanent operations in the Middle East back in 1975, is reputed for providing leading-edge property solutions to investors, developers, corporate and public sector occupiers and financial intermediaries.  Coupled with extensive coverage across the GCC and significant presence in other key markets such as UK, Europe, Asia Pacific and the America’s, DTZ is able to leverage a vast network of prospective occupiers which will be a vital factor in BIO’s success.