Manama, Mar. 1 (BNA): Malca Amit a logistics provider in the field of transportation and storage of high-value goods, has inaugurated its first regional office in Bahrain.

With a global team of 1,500+ members in over 20 locations across the world Malca Amit offers comprehensive services for high-value goods.

Its global vaulting facilities are situated in Bangkok, Singapore, Zurich, Toronto, London, New York, and Hong Kong.

Malca Amit provides services in logistics, secure storage and transportation, customs brokerage, and special operations for high-net-worth individuals, international banks, and companies in the luxury goods industry.

The company will offer multiple services out of Bahrain to serve local and regional clients, including door-to-door services, high-net-worth personal vaulting storage and jewelry and precious items storage.

The launch of the company is expected to contribute to the Kingdom achieving the outlined goals of the logistics services sector strategy under the economic recovery plan, which aims to reach an annual airfreight volume of 1 million metric tonnes.

The exclusive office for Malca Amit Bahrain will be located in the Awal Private terminal, the Kingdom's first international airport that operated during the 1960s and 1970s, which currently serves VIP and private airline passengers. As for the main headquarters of Malca-Amit, it will be strategically located at the Cargo Complex in the Bahrain International Airport (BIA).  

"We carefully analyzed the regional market and Bahrain was the ideal choice for the launch of our operations in view of its strategic location and competitive operating costs. We’re very excited to launch our operations in Bahrain, and it will enable us to serve our exclusive clients in Bahrain and the rest of the region," Aaron Hocheberg of Malca Amit said.

"The presence of a global logistics company like Malca Amit in Bahrain will contribute to enhancing the value proposition of our logistics services sector which will support sustainable economic growth and further position Bahrain as one of the top global destinations for logistic services." Executive Director of Business Development for Logistics at the Bahrain Economic Development Board (EDB) Ahmed Sultan said.

Bahrain’s national economic recovery logistics services sector strategy 2022 – 2026 aims to position the Kingdom as one of the top 20 global destinations for logistics services, and increase the logistics services sector’s contribution to GDP to 10% in 2030.

The launch of Malca-Amit comes on the heels of the Memorandum of Understanding signed in February 2022 with the Bahrain Institute for Pearls and Gemstones (Danat), a laboratory and scientific research centre specializing in natural pearl and gemstones third party verification services, seeking to preserve and advance Bahrain’s vast pearling heritage.

Through the agreement Malca-Amit will offer access to a global distribution network for Danat’s diamonds and natural pearls.