Built to inform

Sign up for the daily newsletters

No, Thank you

Bahrain Airport raises $283.6m for renovation work

Bahrain International Airport has raised $283.6m in financing for the modernisation works

NEWS, Projects, Airport, Airport construction, Bahrain, Bahrain International Airport, Capital, Expansion, Financing, Modernisation works

Bahrain International Airport has raised $283.6m (BHD107m) in financing to carry out it's planned Airport Modernisation Programme, Reuters reported.

The facility covers the bonding and working capital requrements of the joint venture completing the work, according to statement from Mashreq which arranged the facility.

Jordan's Arab Bank also joined the financing.

In January, it was revealed that contracts had been signed to carry out the Airport Modernisation Programme at the airport.

This included the appointment of a main contractor for the $1.1bn (BHD414.1m) construction of a new terminal building, the main services building, and aircraft bay, to a joint venture between the UAE's Arabtec and Turkey's TAV Construction.

In a statement released on 7 February, Bahrain Airport Company said it is working with its facility management arm, BAC Facility Management (BAC FM) in addition to key stakeholders at the airport, to ensure minimum disruption is caused to passenger movement and effective alternative parking solutions are implemented.


Most popular


Dubai's JW Marriott Marquis Hotel to host CW Awards 2019
15th edition of the CW Awards will be held at the five-star Dubai hotel to


Leaders UAE 2019: Eng Anwaar Al Shimmari explains AI adoption
EXCLUSIVE: UAE Ministry of Infrastructure Development's chief innovation officer explains how and why AI adoption
Leaders UAE 2019: Deloitte's Cynthia Corby outlines economic outlook
EXCLUSIVE: Deloitte Middle East's construction industry leader says Saudi Arabia remains a key market in

Latest Issue

Construction Week - Issue 749
Sep 15, 2019