The facility has been expanded with a funding of AED3.7 billion (US$1 billion) from Abu Dhabi Fund for Development, one of the UAE’s leading financial institutions.
The Fund facilitated the project on behalf of the UAE, which extended AED9.1 billion (US$2.5bn) to Bahrain in 2013 as part of its commitment to the GCC Development Programme.
Mohammed Saif Al Suwaidi, Director-General of Abu Dhabi Fund for Development, received the delegation that included Kamal bin Mohammed, Minister of Transport and Communications and Zayed bin Rashid Al Zayani, Minister of Industry, Commerce and Tourism.
The new terminal marked the completion of the first phase of the airport modernisation project that aims to stimulate Bahrain’s economic growth in line with the country’s Economic Vision 2030 by raising the airport’s strategic importance.
The new 210,000 square-metre terminal is four times the size of the existing one, enabling the airport to double its passenger handling capacity to 14 million annually.
Commenting on the project, Al Suwaidi said that the new facility marked a strong start to comprehensive development initiatives undertaken in Bahrain.
He underscored the UAE leadership’s commitment and support to the country in its effort to bolster the economy and promote sustainable development. He pointed out that ADFD, in cooperation with the Bahraini government, had financed many projects in strategic sectors, such as housing, water, health and transport.
Kamal said that the visit to the UAE following the start of operations of the new passenger terminal came under the directives of His Royal Highness Prince Salman bin Hamad Al Khalifa, Crown Prince and Prime Minister.
He highlighted the strong bilateral relations, praising the UAE for its contributions and commitment to developing strategic sectors in his country.
He noted that such gestures underscored mutual trust and commitments on which the relations between two countries were founded.
The terminal is the largest green facility in Bahrain that has earned a Gold Certification from Leadership in Environmental and Energy Design (LEED), an internationally recognised green building certification system.
Bahrain is one of the first countries where ADFD undertook development activities in 1974. The Fund has financed 29 projects worth AED19.5 billion in various sectors to drive sustainable socioeconomic development in the country.