CBRE, a global estate consultancy firm, has released a report indicating that Bahrain is witnessing unique growth in the design and construction of industrial and warehouse properties, reported Trade Arabia.
Bahrain’s Ministry of Industry, Commerce & Tourism (MOICT) currently operates eight industrial zones across the kingdom, according to government statistics, which makes up over 22 million square meters.
Occupiers and investors favor industrial parks and storage facilities that provide security, services, and infrastructure, which were previously limited, according to the report. This has raised the bar for this asset class over the last decade.
These available assets and facilities provide a friendly environment in Bahrain for investors. Industrial locations that are traditional, such as Sitra and Ma’ameer, are currently witnessing competition from gated and serviced industrial parks, especially those located near land and sea ports.
More industrial parks continue to develop close to Khalifa bin Salman port at Hidd, which is a 10-minute drive from Bahrain International Airport. The new projects include Bahrain International Investment Park (BIIP) measuring up to 2.5 million square meters, Bahrain Logistics Zone (BLZ) at one million square meters, and Bahrain Investment Wharf (BIW) at 1.7 million square meters, according to Gulf Construction Online.