The new $58.5 million air cargo area at Bahrain International Airport (BIA) is set to welcome its first tenant as US-based FedEx Express signed a deal to move to the expanded freight complex at the airport, further strengthening its operations as a GCC logistics hub.
The multinational courier delivery services company will be occupying a total of 9,000 square meters out of the 25,000-square-meter available space in the new air cargo area, of which 5,000 square meter will be warehousing and the rest will be maneuvering area.
Minister of Transportation and Telecommunications and Bahrain Airport Company (BAC) Chairman Kamal bin Ahmed Mohammed said: “BAC has a comprehensive plan to attract prominent cargo companies to the Kingdom, which will strengthen Bahrain’s strategic position as a leading provider of efficient logistics services in the region.
We are currently negotiating with two other companies wishing to operate warehouses at the new cargo area, which further demonstrates the Kingdom’s strong reputation as a regional hub for logistical services in the GCC and wider Middle East.”
The minister added: “The new air cargo area that BAC is constructing north of the runway is an important part of the overall growth strategy adopted by the Ministry of Transportation and Telecommunications, and a key component in the Airport Modernization Program (AMP), which is due to be completed by Q3 2019.”