A NEW strategy aims to position Bahrain among the top 20 countries in the world in terms of logistics and link the country to 70+ destinations by direct flights, it was announced.
The plan will also raise the sector’s contribution to national GDP to 10 per cent by 2030, said Transportation and Telecommunications Minister Kamal Ahmed.
The plan is based on updating laws, regulations and procedures as per global best practices and market needs; developing infrastructure, including the sea port and airport; providing incentives for investors; strengthening international engagement and promoting investment.
It also aims to increase air freight capacity to one million metric tonnes and expand the capacity of the Khalifa Bin Salman Port (KBSP) to handle one million containers annually.
Mr Ahmed was addressing a Press conference on “The Kingdom of Bahrain’s Logistics Strategy” yesterday at the Isa Cultural Centre, Juffair.
He said Bahrain launching the fastest regional multi-modal logistics hub in the region last month was a key milestone in the strategy.
The Bahrain Global Sea-Air Hub relies on streamlined clearance procedures, optimised logistics, and full digitalisation to achieve an end-to-end lead time of just under two hours for goods transiting from Bahrain International Airport (BIA) to KBSP, which means products can be with customers in half the time and at 40pc of the cost.
Another key project is BIA’s new cargo area spanning 25,000sqm, the main construction contract for which will be awarded in the next few weeks and the project is expected to be ready by 2023.
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