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Contractors raise $284m to support work at Bahrain airport

Contractors raise $284m to support work at Bahrain airport

The facility covers the bonding and working capital requirements of the joint venture completing the work

Construction begins on Bahrain airport expansion

Contractors working on Bahrain International Airport have raised KD 107m ($283.6m) in financing to support their work on the modernisation of the airport, a statement from the lenders said on Wednesday.

The facility covers the bonding and working capital requirements of the joint venture completing the work, according to a statement from Mashreq which arranged the facility. Jordan’s Arab Bank also joined the financing.

The joint venture includes Dubai-listed Arabtec Holding and Turkey’s TAV Construction (TAV), which was appointed to complete the main work for the $1.1bn modernisation and expansion project in January.

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