Bahrain Airport Company (BAC) has signed a 15-year loan agreement with Bank of Bahrain and Kuwait (BBK) to finance the development of the Express Cargo Village at Bahrain International Airport (BIA).
The agreement, signed by BAC chief executive Mohamed Al Binfalah and BBK general manager for corporate banking Nadeem Al Kooheji, will enable the construction of advanced warehouses, aircraft service areas, and modern infrastructure at the key logistics hub.
“BBK has been a valuable partner, and this collaboration reinforces our successful past ventures,” said Mr Al Binfalah.
“The Express Cargo Village is pivotal to Bahrain’s national logistics strategy and contributes to the nation’s Economic Vision 2030. This project will enhance BIA’s logistics capabilities and solidify Bahrain’s position as a regional logistics hub.”
Mr Al Kooheji emphasised BBK’s commitment to supporting large-scale projects that drive economic development. “This initiative aligns with our strategy to finance commercial and investment ventures, particularly focusing on providing essential financial solutions to enable businesses to thrive,” he stated.
The Express Cargo Village is expected to significantly boost BIA’s cargo capacity from the current 360,000 tonnes to 1.3 million tonnes annually. Phase 1 is already fully occupied, attracting significant foreign investment, including FedEx.
With Phase 2 set to add 52,000sqm and substantial interest already confirmed, the project aligns with Bahrain’s Logistics Sector Strategy and reinforces the kingdom’s commitment to its Economic Vision 2030.
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