FedEx Express to be first tenant at new $58m Bahrain air cargo terminal
FedEx Express has signed a deal to move to the expanded freight complex at the Air Cargo Area at Bahrain International Airport.
The multinational courier delivery services company will be occupying a total of 9,000sqm out of the 25,000sqm available space in the US $58.5-million terminal.
In addition to airside air cargo facilities, the terminal also includes 5,000sqm of warehousing space.
FedEx is the first of a potential three companies that will use the terminal as a regional air freight hub, according to Kamal bin Ahmed Mohammed, chairman of Bahrain Airport Company and Minister of Transportation.
“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,” he said.
“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,” he added.
“It also reflects the important steps that the company is taking to enhance the airport’s infrastructure and increase its ability to accommodate rising local and regional demand. The new Cargo Area will create more job opportunities and enable the airport to handle larger volumes,” said Mohammed.
Bahrain is investing significantly in projects aimed at expanding the Kingdom’s logistics sector, and in 2015 established the Bahrain Logistics Board chaired by HRH the Crown Prince, Deputy Supreme Commander, and First Deputy Prime Minister, Prince Salman bin Hamad Al Khalifa.
“The GCC is an important region for FedEx Express, where enhanced collaboration between public and private sectors is fueling growth across industries,” said James R. Muhs, president of FedEx Express, Middle East, Indian Subcontinent and Africa (MEISA).
“The logistics market forms a fundamental part of the GCC economy, and we remain committed to serving our customers across Bahrain and connecting them with people and possibilities around the world,” he added.
BAC signed an agreement in November with French engineering firm, Egis for design and supervision for the new 25,000-square metre Cargo Area, which comprises warehouses, aircraft parking, and associated infrastructure aimed at handling air cargo traffic and e-commerce.
The Cargo Area is also equipped with the latest technologies, making it one of the most attractive locations for investment in the Middle East.