US-based FedEx Express has signed a deal to move to the expanded freight complex at the Bahrain International Airport
The new $58.5 million Air Cargo Area at Bahrain International Airport is set to welcome its first tenant.
US-based FedEx Express has signed a deal to move to the expanded freight complex at the Bahrain International Airport, further strengthening its operations as a GCC logistics hub.
The courier delivery services company will be occupying a total of 9,000 sq m out of the 25,000 sq m available space in the new air cargo area, a statement said.
Bahrain Airport Company 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.”
He added that the new air cargo area 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.
James R Muhs, president of the FedEx Express Middle East, Indian Subcontinent and Africa (MEISA) region, said: “The GCC is an important region for FedEx Express, where enhanced collaboration between public and private sectors is fueling growth across industries. 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.”