CEVA and Bahrain Logistics Zone sign major deal at regioneIUs first annual Logistics Networking Luncheon.

Summary: CEVA Logistics, one of the worldeIUs leading logistics companies, today announced a major undertaking to site facilities at the Bahrain Logistics Zone.

CEVA Logistics, one of the worldeIUs leading logistics companies, today announced a major undertaking to site facilities at the Bahrain Logistics Zone. The agreement sees CEVA signing a Letter of Intent (LOI) for space at the GulfeIUs first boutique value-added logistics area.

CEVA and the Bahrain Logistics Zone signed the agreement at the first annual Logistics Networking Luncheon, held at the Grosvenor House hotel in Dubai on July 9 2008. The luncheon was attended by logistics executives from around the region and was hosted by LOG Middle East, the regioneIUs leading logistics trade title, and the General Organisation of Sea Ports Bahrain, developers and operators of the Bahrain Logistics Zone.

The LOI is the first step towards CEVAeIUs tenancy at the Bahrain Logistics Zone. CEVA will use the facilities offered by the Bahrain Logistics Zone to improve their reach and optimise their operations throughout the Gulf. To this end, the LOI specifies an interest in initially leasing 10,000 square metres of land to build warehouse facilities, with the option of leasing an additional 5,000 square metres of pre-built serviced warehouses.

Commenting on the signing, Hassan oAli Al Majed, Director General of the General Organisation of Sea Ports Bahrain said:

eIuAt the Bahrain Logistics Zone we are dedicated to attracting world-class tenants, who are the right fit for us. CEVA is an excellent example of the calibre of tenants we are targeting eI those who will bring the most value to the Kingdom of Bahrain.eIN

Shamsudeen Ahmed, CEVAeIUs Regional Director for the Middle East, commented: eIuWe are glad to be among the first to secure space at the Bahrain Logistics Zone. Bahrain is an important platform for logistics operations to and from the northern Gulf, especially for the oil and gas sectors, and our presence at the BLZ will allow us to further expand our regional operations and service our client base more effectively.eIN

Hamad Fakhro, Assistant director General for the Bahrain Logistics Zone added: eIuThe need for enhanced logistics service offerings has become crucial to serve for the unprecedented growth we are witnessing in the Middle East.

eIuThe Bahrain Logistics Zone not only caters to this need, but also provides an efficient platform for logistic companies such as CEVA to better access the Northern Gulf by utilising a business-friendly home in Bahrain.eIN

He explained that the Networking Luncheon co-hosted by LOG Middle East and the Bahrain Logistics Zone was created to establish a dialogue between logistics professionals in the region. A particular focus was on game-changing opportunities to take advantage of the tremendous growth in logistics services demand in the region.

At the event were the Editor of LOG Middle East, Kathryn Semcow, CEVA officials, and officials from the Bahrain Port Authority and the Bahrain Logistics Zone. Attendees came from a selection of the top logistics and supply chain organisations from the region and around the world.

The Bahrain Logistics Zone is the regioneIUs first boutique logistics area that focuses on re-export and value-adding logistics services. When complete, the zone will be fully integrated with BahraineIUs new Khalifa bin Salman port, which will have a capacity of 2.5 million TEUs The Bahrain Logistics Zone is also in close proximity to the causeway linking Bahrain to Saudi Arabia and the proposed causeway to Qatar, as well as to Bahrain International Airport, making it perfectly positioned as a multimodal logistics hub for the region.

Tenants will be able to lease either plots at the site or pre-built serviced warehouses, offices and retail space. They also benefit from a range of services designed to provide a one-stop shop for all their setup requirements, including registration, licensing and visa processing. E 2008 Mena Report (www.menareport.com)

E 2008 Al Bawaba (Albawaba.com)

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