Bahrain Real Estate Investment Company (Edamah) and logistics company Trafco have recently renewed a lease stating that Edamah is to provide land from its portfolio for Trafco projects.
The lease signed on August 27, 2018 comes as Edamah embarks on a new strategy after the appointment of a new board of Directors and CEO. The lease was signed in the presence of Mr. Amin Al Arrayed, Edamah CEO, and Mr. Ibrahim Zainal, Chairman of Trafco. “This agreement is in line with Edamah’s commitment to supporting and strengthening vital private sector projects, increasing the private sector’s contribution to the national economy, and advancing sustainable development. Edamah is fully committed to supporting Trafco in its initiatives to develop the Food and Beverage industry in Bahrain, which plays a key role in advancing the Kingdom’s economic diversification and food security agenda,” Al Arrayed explained.
Mr. Zainal, Trafco Chairman, also added “We are keen to put on record our appreciation to Edamah’s Management for supporting Trafco Groups projects. The collaboration and assistance we have received from Edamah have enhanced our ability to provide logistical services and reinforce Trafco Group’s position in the local Food and Beverage industry – one of the most important sectors for the citizens and residents of Bahrain.”
Edamah is currently concentrating on growing and developing the industrial and leisure and entertainment sectors, some of Edamah’s projects include the newly opened The Terminal in Adliya and the Sa’ada waterfront development.