Leading logistics provider opens $20m joint venture facility in Bahrain

The new joint venture facility, Schmidt Logistics Bahrain, was inaugurated on Wednesday.
Updated 08 November 2017
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Leading logistics provider opens $20m joint venture facility in Bahrain

nogaholding, the investment and business development arm of National Oil and Gas Authority (NOGA) in Bahrain, and Schmidt Heilbronn inaugurated on Wednesday its new joint venture facility, Schmidt Logistics Bahrain.
The $20 million facility is expected to create around 100 jobs in the logistics sector (directly and indirectly). Located in the Bahrain Logistics Zone, it will support the zone’s expanding operations, particularly in the chemical and petrochemical logistics market.
Mohamed bin Khalifa Al-Khalifa, Bahrain’s minister of oil and chairman of nogaholding, said: “We would like to congratulate Schmidt on the launch of our new joint venture facility here in Bahrain, where there is great demand for its highly-specialized services.”
“Our new facility will have a significant positive impact on the regional chemical and petrochemical industries and facilitate quicker and easier transportation of goods around the GCC. Through our partnership with Schmidt we are proud to have supported the establishment of this facility, and will continue to provide support for its operations in the future.”
Thomas Schmidt, CEO and managing partner of Schmidt Group, said: “This new development is a reflection of the huge growth we see in the regional logistics industry. It also represents the confidence we have in Bahrain as one of our key strategic operational bases in the Gulf region. We originally chose to locate a significant proportion of our services in Bahrain because of the strong transportation links with neighboring countries, excellent logistics infrastructure and supportive regulations.”
He added: “We are now in a position to be able to capitalize further on these competitive advantages and expand our regional offering.”
Khalid Al-Rumaihi, chief executive of the Bahrain Economic Development Board (EDB), said: “The manufacturing and logistics sector is one of the strongest in the Kingdom and Bahrain attracted more than $200 million of investment into this sector in the first half of the year — investments that will create more than 1,000 jobs over the next three years. Joint investments such as Schmidt Logistics Bahrain enable the growth of this world-class industry and attract companies with specialized expertise and operational skills to Bahrain to support the supply chain, creating high-quality employment opportunities for the local market.”
Joint efforts from nogaholding, the Ministry of Transportation and Telecommunications, Bahrain EDB, Supreme Council for the Environment and Customs Affairs have led to the establishment of Schmidt Logistics Bahrain.


Taajeer Group displays latest MG models in Taif

Updated 41 min 2 sec ago
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Taajeer Group displays latest MG models in Taif

Taajeer Group, the exclusive dealer for MG cars in Saudi Arabia, is showcasing the company’s latest models to visitors at an event at the Taif International Mall. The three-month show, which runs from September until November, is one of the most important events in Taif.

Taajeer Group is displaying all MG models available in the Saudi market, giving an opportunity to the public to familiarize themselves with the latest technologies and features offered by the auto brand.

Throughout the show days, Taajeer will display the entire lineup of MG’s sedans and SUV models, including MG 360, the economic and medium-sized sedan, and MG GS, the SUV car designed for on/off road performance, as well as the newly launched sports model, and the MG RX5, in addition to the sports car model MG ZS. 

MG pavilion is strategically located at the Taif International Mall, and is enjoying a daily turnout of hundreds of visitors.

The pavilion is manned by the company’s professional marketers who are on hand to educate visitors on Taajeer Group’s sale offers and after-sales services. The company has also launched a contest, the winner of which will take home a car as the grand prize.

Hazm Jamjoom, COO of Taajeer Group, said: “It is a joy to be in the city of Taif, close to our customers and fans while they shop with their families in the most important commercial centers in the city. The event gives them an opportunity to acquaint themselves with the advanced MG cars, fully fitted with the latest technologies in the automotive industry. 

Our participation in this event comes within the general framework of our strategy associated with marketing campaigns in different cities and regions around Saudi Arabia to promote this distinctive car brand.”