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Mazaya Monthly Real Estate Report -
Week 1 - JUNE 2015
5
Al Mazaya report believes the logistics
sector in the Gulf has excellent prospects
and offers governments an exciting option
in terms of economic diversification away
from reliance on the hydrocarbon sector.
As demand for Gulf logistics has grown,
so too has competition between the Gulf
countries to supply the market in recent
years. But we believe there is currently
more than enough demand to go around,
and that this will continue to be the
case over the short-term future, at least.
Bahrain, as the ‘gateway to the Gulf’,
has enjoyed sustained logistics sector
growth in recent years thanks to
enlightened government policies to
ensure the sector is well incentivised
to grow. Khalifa Port and Bahrain
Logistics are two of the region’s
outstanding examples of logistics best
practice, demonstrating the financially
rewarding opportunities the industry
presents, if managed correctly. Today,
Bahrain seeks to proactively market its
potential as a logistics hub worldwide,
while simultaneously developing its sea
and airfreight processing capabilities.
These initiatives are to be applauded.
As a result of our confidence in the
Gulf logistics market, Al Mazaya
has in recent years made significant
investments into the sector, for example
with the opening of the Al Mazaya
Logistics Project at Bahrain Investment
Wharf (BIW) that boasts storage and
industrial facilities worth some $21m.
We expect over the coming years to
increase our investment in the logistics
sector and to explore the opportunities
presented by new geographies. These
are exciting times for Gulf logistics.