Takhzeen, Bahrain’s Only Self-Storage Facility, Shifts to Solar Energy

Takhzeen, the only self-storage facility in Bahrain, intends to install a rooftop solar-panel system that’ll supply 100 percent of the property’s electricity needs and give energy back to the national grid. The project is in the permitting stage, but the company expects it to be complete by year-end, according to the source.

“The utilization of solar energy is a means to reducing our carbon footprint, effectively lowering operational costs as well as ensuring we are part of the nation’s push for a sustainable future,” Talal Al Mulla, managing director, told the source.

Built in 2012 for $17 million by Al Khaleej Development Co., Takhzeen comprises 20,000 square meters of self-storage. It’s in the Bahrain Investment Wharf, within the Salman Industrial City in Manama, Bahrain’s largest city and capital.

Since launching eight years ago, Takhzeen has returned $3.75 million to its investors, including a recent cash distribution of $1 million, the source reported. “This year stands as further testament to such growth, with Takhzeen maintaining occupancy rates of well over 80 percent, surpassing our half-yearly forecasts for 2020,” Al Mulla said.

Takhzeen serves business and residential customers, offering 24-hour access and climate-controlled space.

Source:
The Daily Tribune, Takhzeen Announces US$1 Million Cash Distribution, Shifts to Solar Energy