Amin Al Arrayed
Majaal signs key deal at industry fair
Manama, February 5, 2014
First Bahrain’s Majaal Warehouse Company signed a tenancy deal with a Bahraini-Saudi joint venture at the Gulf Industry Fair within hours of the event’s opening yesterday.
The company also announced it is close to signing another agreement.
The deal was signed with Bahrain-based First Uniforms Company (FUC), which will be setting up a 250 sq m factory to produce 60,000 high-end industrial uniforms per year. The volume is likely to increase to 500,000 in three years.
The garments will provide protection against fire and chemicals and the range includes apparel for the military.
The second deal will be between Majaal and Espac, a Saudi-Emirati company specialising in precast aerated concrete. Espac will supply wall panels for Majaal’s project for setting up structures for Mazaya and Al Nafisi.
The industrial uniforms plant is a unique venture, hiring predominantly female staff with 30 Bahraini women working in the first phase.
FUC is a joint venture between Orient Middle East, a Bahrain consultancy firm in business management and financial and investment services, and Bahraini partner Dr Khalid Behzad on the one hand, and Saudi Arabia’s Abdullah Al Fayez on the other.
Al Fayez, who is the managing director of FUC, owns a garment factory in Dammam which has been in operation for some 50 years and has the expertise and associated quality certification for manufacturing industrial garments.
“The fact that we have signed an agreement within the first few hours of the show is a very good omen and we are very positive about our success here,” said Amin Al Arrayed, Majaal’s managing director, adding that it would be the first garment factory on Majaal’s premises.
Al Fayez said FUC’s target market would be the GCC and arrangements have been made for the offtake of the entire first year’s production. - TradeArabia News Service