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


Deadline approaches for CW Oman Awards 2020 in Muscat
You have until 20 January to submit your nominations for the ninth edition of the


CW In Focus | Inside the Leaders in KSA Awards 2019 in Riyadh
Meet the winners in all 10 categories and learn more about Vision 2030 in this
CW In Focus | Leaders in Construction Summit UAE 2019
A roundup of Construction Week's annual summit that was held in Dubai this September

Latest Issue

Construction Week - Issue 765
Jun 29, 2020