“This step promises to further reduce traffic congestion and enhance the premium parking services, adding to BIA’s reputation as a friendly and fast airport. Both Bahrain Airport Company and Edamah are wholly owned by Bahrain Mumtalakat Holding Company, the investment arm of the Kingdom of Bahrain,” BAC in a statement said.
Edamah will be managing the development of the Car Park through a build-own-operate-transfer (BOOT) model.
The project will focus initially on expanding Car Park (A) of the airport building, allowing for more than double the existing capacity by adding another level of shaded parking, with the least disruption to passengers. The agreement provides for further expansion of car parking at the airport in the future, in accordance with the needs and demands of the airport.
“At BAC, we are committed to the convenience of passengers and visitors to Bahrain International Airport as we provide better accessibility to premium parking spaces and increases our readiness for the future growth of passengers over the coming years,” Gordon Dewar, Bahrain Airport Company CEO, said.
“This major development will use a new model to draw additional funds through revenue sharing which will increase capital and make use of innovative partnerships within companies working under the Bahrain Mumtalakat Holding Company’s umbrella,” he added.
“Bahrain International Airport is a major strategic asset for the Kingdom, where Edamah’s contributions aim to develop the airport car park facilities in line with global best practices,” Ahmed Janahi, Acting CEO of Edamah, said.
“Our company remains committed to utilize our resources and expertise not only to fund and develop the project, but also to ensure we support our partners in achieving their targets and creating the optimal solution for the airport’s current and future car park requirements.”
BAC aims to lay the foundations for change whilst taking forward active steps for multiple phased enhancements of BIA, as well as exploring and pursuing new ways to deliver improved services.
The memorandum of understanding allows Edamah to develop a full BOOT solution that will encompass the design, construction, financing, asset management and operation of the car park. Edamah is expected to issue tenders for the project in the coming months through the Bahrain Tender Board.