Top Hong Kong-based 3PL services provider to access GCC markets with the Kingdom as a springboard
The Bahrain Economic Development Board (EDB), the investment promotion agency for the Kingdom of Bahrain, has recently announced that one of Asia’s largest third-party logistics providers, Kerry Logistics Network, has launched operations in the Kingdom.
The Hong Kong-headquartered company which manages 60mn sqft. of logistics facilities over 53 countries and territories, investment in Bahrain is part of their regional footprint expansion plans to enhance access to key markets such as the Saudi market, the Gulf’s largest market.
As well as access to Saudi Arabia and the opportunity to scale across the wider $1.5 trillion GCC markets, Kerry Logistics cited the EDB as part of their decision-making process in launching operations in Bahrain.
“The Kingdom has acted as a commercial bridge between the East and the West for thousands of years. In today’s increasingly digital and hyper-connected world, it is the ideal regional logistics hub,” commented Raymond Cheng, Director—Middle East & Africa.
“The rapid access to key decision-makers enjoyed by businesses, large or small, when looking to set up in Bahrain is unparalleled. We call it our ‘Team Bahrain’ approach and it embodies the access and connectivity that really sets Bahrain apart,” stated Hussain Rajab, Co-Chief Investment Officer – Manufacturing, Transport and Logistics, EDB.
Bahrain enjoys easy access to GCC markets via Saudi Arabia by the 25km King Fahad causeway, and with a second causeway to Saudi Arabia in the planning stage.
Also due for completion in the first quarter of next year is a new terminal for Bahrain International Airport, which will increase annual capacity of passengers to 14 million from 8 million, and cargo capacity to 1 mn metric tonnes per annum.
