| 1. |
What is the size of BLZ? |
| |
The Bahrain Logistics Zone is currently a one square kilometer development with future expansion plans to more than double its current size. |
| 2. |
What sort of companies is BLZ looking to attract? |
| |
The BLZ follows a quality over quantity philosophy in attracting and selecting tenants. While the targeted companies are re-export focused and value adding logistics companies, the BLZ will only accept companies that pass a set of selection criteria. These criteria were meticulously designed to ensure long term sustainability and added value to the Bahraini economy in terms of job creation, direct and foreign direct investment and strategic benefits. |
| 3. |
Will there be any pre-built warehouses available? |
| |
Yes, pre-built warehouses will be available for lease. The size and quantity of warehouses will depend on local and international company demands and specifications. |
| 4. |
What is the price per square meter for leasing? |
| |
Warehouses: starting at BD 3.500 / m2 / month
Land: starting at BD 6.000 / m2 / year |
| 5. |
Are the plots for lease or sale? |
| |
For lease only. |
| 6. |
What is the lease period? |
| |
Warehouses: Lease periods start at 5 years –with the option for renewal*
Land: Lease periods start at 20 years – with the option for renewal*
Commercial: to be determined
*Subject to terms and conditions |
| 7. |
Can companies choose the size of plots they need? |
| |
Yes, by combining plots and the BLZ will try to accommodate the interests of its tenants. |
| 8. |
Are all the plots and warehouses of equal size? |
| |
No. A variety of land plots and warehouse configurations will be available.
Land Plots start at a minimum of 2,000 m2
Pre-built warehouses start at a minimum of 500 m2 |
| 9. |
Can individuals lease land or warehouses at the BLZ? |
| |
No, only registered companies may apply to lease. |
| 10. |
Will there be a labor accommodations available for lease? |
| |
No, however the nearby developments such as the BIW offers these facilities. The BLZ will offer basic and advanced services such as machinery leasing. |
| 11. |
Will there be a specific area for temperature controlled goods? |
| |
One of the unique aspects of the BLZ is the flexibility of service offering it provides for its tenants. While tenants can lease land to build their own facilities, pre-built facilities will also be available and will be constructed according to the demands of potential tenants. Those will include temperature controlled storage facilities. |
| 12. |
What is the status of the current progress at the BLZ? |
| |
Infrastructure works have commenced in 2007 and are currently completed. Superstructure (warehouse, office, retail space) works are currently underway. |
| 13. |
When can I expect to mobilize if I lease land or warehouses? |
| |
Mobilization for tenants leasing plots is scheduled for Q2 2010 and construction works by tenants are expected to start then. |
| 14. |
One of the releases mentions 'boutique-style' logistics zone, please elaborate: |
| |
The BLZ will be the first of its kind in the Middle East focusing on attracting a niche of re-export and value-adding logistics activities, such as but not limited to: component assembly, packaging, repackaging, bottling, deconsolidation/consolidation, kitting, palletizing for distribution, labeling, testing and repair. By leveraging its unique geographic location, its customs-free status, and its offering of a multi-modal transportation platform, the BLZ will be the ideal location for companies that can generate macro-economic benefits to Bahrain while leveraging the BLZ as a hub to better serve the growing markets of the Kingdom of Saudi Arabia, the northern Gulf (Bahrain, Qatar, Kuwait, Iraq, and Iran) and the Indian-Subcontinent markets. |
| 15. |
Will this be a free zone entity? |
| |
The Bahrain Logistics Zone is a customs free zone, within the port with facilitated customs procedures. Special arrangements for visa processing and foreign ownership, among others, will be available for tenants of the Zone. |
| 16. |
What types of utility services will be available to tenants and at what price? |
| |
Water, sewage, and power will be available at standard prices. |