BAC secures funding for its Express Cargo Village at BIA: Bahrain International Airport (BIA) operator Bahrain Airport Company (BAC) has inked an undisclosed 15-year loan agreement with the Bank of Bahrain and Kuwait (BBK) for the construction and development of the airport’s new Express Cargo Village, according to a statement.

Details: The project — launched in 2021 — looks to bolster BIA’s logistics handling capabilities and is expected to process some 1.3 mn tons of cargo annually, up from the current 360k tons. Phase one of the project, covering 12.5k sqm, is fully occupied and has attracted foreign players including FedEx. Phase two, which is still under development, is slated to add another 52k sqm.

REMEMBER- BAC launched a tender in November for the second phase of the Express Cargo Village at Bahrain International Airport (BAH), which will be 3x larger than the first phase. The firm is looking to upgrade several parts of the airfield, including giving the runway a facelift from ICAO Category 2 to Category 3.

BAC is making moves: BAC inked a number of agreements the same month with key logistics players, including DHL, Ryanair, Ajex and Asia Cargo, at the Bahrain International Airshow in a bid to boost facilities and services at Bahrain International Airport (BAH).

And that’s not all: BAC announced the same month that it has allotted space for future airport development plans. Netherlands Airport Consultants carried out a USD 1.4 mn study to identify the site of the new airport, which is set to be located on reclaimed land in northwestern Bahrain, Binfalah said.

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