Ground broken on $30mn Bahrain logistics project
30,000m² dry bulk hub being constructed at Bahrain Logistics Zone in Hidd
Work has begun on the construction of a $30mn dry bulk logistics hub at Bahrain Logistics Zone in Hidd.
The 30,000m² project is a joint venture between Schmidt Middle East Logistics and nogaholding and will be developed in three phases.
The facility is being developed to store, handle and distribute different bulk materials like polyethylene, polypropylene, catalysts and additives for the chemical and petrochemical industry, Schmidt Middle East chief executive Wolfgang Hoppmann told Gulf Daily News (GDN) on the sidelines of the ground-breaking ceremony – also attended by nogaholding chief executive Shaikh Mohammed bin Khalifa Al Khalifa
Hoppmann said that once all approvals are in place and customers are signed up, the project will be ready in 12 months by end of next year.
Bahrain’s Economic Development Board has assisted Schmidt in completing the registration and licensing processes, while the Transportation Ministry is expected to continue to aid the company in fully establishing its operations.