Trafco Group, the leading Bahrain-based FMCG entity, has renewed its lease contract with Bahrain Real Estate Investment Company (Edamah), the real estate subsidiary of Bahrain’s sovereign wealth fund.
As per the contract that was signed by Mr. Amin Al Arrayed, the CEO of Edamah, and Mr. Ibrahim Zainal, the chairman of Trafco Group, Edamah will continue to provide land for the projects owned by Trafco.
In his comment on the renewed lease contract, Mr, Amin Al Arrayed expressed Edamah’s delight to further strengthen its collaboration with the food and beverage industry giant which comes in line with the goals of Edamah’s new strategy that aims at supporting the private sector of the Bahraini Kingdom and focusing on the entertainment and industrial sectors.
On the other hand, the chairman of Trafco Group assured that the group’s partnership with Edamah has been beneficial to Trafco and has helped it achieve its goals and improve its logistical services.
It is worth mentioning that Edamah’s new strategy has been adopted after a new board of directors and CEO have been appointed; Mr. Al Arrayed added that the news strategy is meant to support the Bahraini government’s increasing focus on developing its variant industries and economic sectors.