Self Storage Industry Enters the Kingdom of Bahrain

Posted on Jan 27 2012 - 2:20pm by John Stevens

News of a storage facility opening in the United States is something that would make the news, but likely would be a small article lost in the middle of the business section of the paper. With close to 50,000 self storage facilities in the United States, another opening is not really big news anymore. However, in the Kingdom of Bahrain when the first self storage facility of its kind recently opened up it was big news indeed.

The Kingdom of Bahrain is a small island nation on the western shore of the Persian Gulf. It is ruled by the Al Khalifa family and has a population of about 1.2 million people. It is known for oil and pearls as well as the Bahrain Formula One Grand Prix—and now its first self storage facility.

According to reports released on Thursday, January 26, 2012, the Al Khaleej Development Company (Tameer) opened up Takhzeen, a brand new, state-of-the-art self storage in the Bahrain Investment Wharf (within Salman Industrial City).

The cost of the facility has been reported to be around $17 million. The project was originally expected to fall within a $15 million budget when it broke ground back in August of 2010. At the time, construction of the facility was just expected to take 10 months.

“Takhzeen provides a means of de-cluttering, organizing, and managing possessions, equipment, documents and much more,” company chairman Ahmed Al Qattan has stated.

Much like self storage facilities in the United States, Takhzeen intends on catering as much to local businesses as it does to individuals at its 18,000 square meter facility spread over two buildings. One building contains smaller self storage units intended more for individuals and those with smaller self storage needs (2.5 to 30 square meters); the second building has larger units between 100 and 200 square meters.

Also like in the United States, when a building of significance like this opens, a government official was on hand to commemorate the event, Industry and Commerce Minister Dr Hassan Fakhro. At the opening, Dr. Fakhro commented on the value he thinks a project like this brings to an industrial city like Salman, and thinks that it will likely make current industrial projects more efficient.

Takhzeen chairman Ahmed Al Qattan thinks that his company is on to something and sees a lot of potential for growth.

“There are a number of reasons why individuals and businesses look to self-storage as an answer to limitations in space,” he said.

Al Qattan mentioned that the company has plans to construct and open new self storage facilities in Egypt, Lebanon, Jordan, and Morocco. He envisions Takhzeen becoming the premier self storage company in the Middle east and North Africa.

Sources Used:

“$17m storage project opens.” Gulf Daily News; 26 January 2012.

“$15M Self Storage Project Being Built in Bahrain.” Inside Self Storage; 10 September 2010.

Self Storage Industry Enters the Kingdom of Bahrain

About John Stevens

John Stevens from Extraspace.com reports on the thriving self storage industry in the Pacific Rim and around the world with information from sources such as AsiaOne Business magazine, Inside Self Storage and operator websites. John is an avid blogger and outdoor enthusiast.
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