Aramex expands its network to Bahrain's Financial Harbour
Aramex is increasing its network across the Bahraini Kingdom, as it hopes to capitalise on the rising number of businesses and trade passing through to Saudi Arabia.
Aramex has signed an agreement with Bahrain Financial Harbour (BFH) to serve the express and logistics needs of the 350 financial and insurance institutions operating in the US $1.3 billion BFH development.
The agreement comes as part of Aramex’s major expansion plans in the Kingdom, which has seen the logistics company already register double digit growth in its express cargo and domestic business in Bahrain. The expansion strategy includes four new branches to be located in across the Kingdom, in addition to upgrading its office in the Diplomatic Area, a central location for all businesses, embassies, banks and investment companies.
“We are pleased to announce our new office in the Bahrain Financial Harbour, which is a significant milestone for Aramex Bahrain. The harbour is set to become the center of financial excellence in the Middle East and we look forward to be working within this financial nerve centre,” said Samer Marei, country manager, Aramex Bahrain.
The financial city, when completed, is expected to house over 350 financial institutions, hotels and trade offices and will be operational by the end of 2006.
“Bahrain is an important market for us and we have set ambitious expansion plans all over the country in line with the growth achieved by our company of late. This expansion strategy has been finalised keeping in perspective the increasing needs of the market, and we are geared up to provide innovative solutions tailored at saving the time and efforts of our clients,” added Marei.
Future operations that Aramex are involved in across the Kingdom include the acquisition of additional space of land within Bahrain’s Airport bonded facility, in order to cope with the expansion of transit operations to Saudi Arabia, as well as the opening of a warehouse in the Al Hid Industrial.