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Tameer launches $15m project in Bahrain

06 Sep 2010

(MENAFN) Bahrain-based Al Khaleej Development Company (Tameer) announced that it has commenced the construction of its $15 million self-storage project Takhzeen, Gulf Daily News reported.

According to company officials, the project is first of its kind in Bahrain and the largest in scale in the Middle East.

Tameer established Takhzeen Warehousing & Storage Company (Takhzeen) as a closed Bahraini Shareholding Company in a strategic alliance with the Kuwait-based Al Muthana Investment Company and Al Khawari Group, with an authorized capital of $50 million and a paid-up capital of $10 million.

Takhzeen’s mandate will be to develop, manage and operate self-storage facilities for domestic and business use starting in Bahrain and expanding the concept in the GCC and the Middle East.

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