KFH industrial unit leased out for pipe manufacturing facility
Manama, August 5, 2014
Baytik Industrial Oasis Company, a wholly owned subsidiary of Kuwait Finance House – Bahrain has leased out 4,800 sq m of light industrial units to ELCOS, a unit of Spanish Aiscan, a leading pipe manufacturing company.
ELCOS will produce more than 750,000 m of pipes and accessories from the Baytick Industrial Oasis leasing complex at the Bahrain International Investment Park in Hidd, to meed the growing needs within the GCC market.
The company’s products are approved by AENOR (the national accreditation body in Spain) and SASO (Saudi Standard Organisation), while all its products are manufactured according to International Electrotechnical Commission (IEC) Standards.
Antonio Frances Candela, managing director of ELCOS’s Bahrain operations, said: “After a thorough and in-depth market study and research, we have chosen BIO as the ideal location for our new facility. It is not only an optimal gateway for the nearby GCC markets, but also provides an ideal industrial environment equipped with state-of-the-art facilities.”
Osama A Al Khajah, chairman of BIO, said: "We are very pleased to welcomed ELCOS, a dominant pipe manufacturer in Spain occupying 50 per cent of market share, as the latest addition to the growing portfolio of tenants at BIO. We are the only light industrial manufacturing leasing facility in Bahrain and it is attracting an increasing number of reputed firms as tenants." - TradeArabia News Service