logo
ADFD wins Abdul Latif Al Hamad Award for Bahrain International Airport expansion and development project - Middle East Business News and Information

ADFD wins Abdul Latif Al Hamad Award for Bahrain International Airport expansion and development project - Middle East Business News and Information

Mid East Info10-04-2025

Abu Dhabi Fund for Development (ADFD) has been awarded the Abdul Latif Yousef Al Hamad Development Award for the Best Development Project in the Arab World 2024 for its role in supporting the expansion and modernization of Bahrain International Airport. The award was presented during the 2025 Joint Annual Meetings of Arab Financial Institutions, held in Kuwait.
The Fund's strategic collaboration with the Government of Bahrain, established in 1974, exemplifies a model of cross-border cooperation focused on achieving sustainable development goals. The Bahrain airport project, financed by ADFD with AED 3.7 billion (US$ 1 billion), forms part of the UAE's broader AED 9.2 billion (US$ 2.5 billion) contribution to Bahrain under the GCC Development Program launched in in 2013.
His Excellency Mohamed Saif Al Suwaidi, Director General of ADFD, said: 'This award celebrates over five decades of UAE-Bahrain partnership, which has delivered transformative projects across critical sectors. The airport expansion aligns with Bahrain's Economic Vision 2030, as it fuels economic growth and sets the stage for shared success in the future.'
He added that this recognition reaffirms the strength of the relations between the two nations and reflects the commitment of both sides to achieving development goals. He pointed out: 'together we will continue to chart a bright future of unique achievements that contribute to building solid foundations that support the achievement of our common goals, led by an ambitious strategic vision that strengthens the bonds of cooperation between the two countries in various fields.'
H.E. Al Suwaidi also praised the organizers of the Abdul Latif Yousef Al Hamad Development Award for highlighting initiatives that address challenges facing the Arab world through innovation, calling the airport project a 'blueprint for sustainable impact'.
Abdul Latif Al Hamad Award Quote:
Bader Al Saad, Director General and Chairman of the Board of Directors at the Arab Fund for Economic and Social Development, said that the Abdullatif Al-Hamad Award, aims to highlight the importance of Arab development efforts and encourage investment in economic and social development projects, especially those supported by the Arab Coordination Group. 'We are pleased that the Bahrain International Airport expansion and development project, funded by Abu Dhabi Fund for Development, has been selected for this award. it's the project has had a strong impact on Bahrain's economy, strengthened the country's strategic position in international air transport, increased passengers' traffic and airline use, and helped the airport's operating company secure US$ 250 million by 2024,' he added.
Mohamed Yousif Al Binfalah, Chief Executive Officer of Bahrain Airport Company, expressed pride in the recognition of the Bahrain Airport Expansion and Development Project. He said: 'This award marks the success of Bahrain's strategic vision to develop vital infrastructure, made possible by careful planning, exceptional execution by Bahraini talent, and the strong partnership with national and regional institutions such as Abu Dhabi Fund for Development, which played a pivotal role in accelerating this project.'
Al Binfalah added that this successful model of joint Arab cooperation shows that combining national will and capabilities with regional support is a powerful way to accelerate sustainable development.
He emphasized that this honor goes beyond an urban achievement, reflecting a national success based on a clear future vision that places infrastructure development at the heart of its development priorities. It serves as an incentive to continue improving infrastructure and providing top-tier services in the aviation sector, reinforcing Bahrain's competitiveness on the regional and international stage.
Bahrain International Airport a Symbol of Progress:
Since its ADFD-backed inauguration in 2014, Bahrain International Airport has emerged as a symbol of innovation and cultural pride. Blending Bahrain's heritage with cutting-edge infrastructure, the airport, the airport reinforces Bahrain's position as a global travel and trade hub, offering world-class security, efficiency and passenger services.
Sustainable Legacy for Future Generations:
The development and expansion of Bahrain International Airport's, funded by ADFD, has established it as one of the world's most advanced and smart airports, achieving a sustainable impact across various aspects, including:
Economic impact:
Bahrain International Airport serves as a cornerstone of of the Kingdom's economy, driving tourism, trade, and investment while streamlining import/export operations to bolster local industries.
Bahrain Airport Company has achieved significant revenue growth in recent years, with continued growth expected. This will significantly contribute to supporting and boosting the Kingdom's non-oil revenues, which made up 86.4% of GDP in the third quarter of 2024.
Social impact:
Bahrain International Airport enhances quality of life by facilitating cultural exchange and global connectivity, bridging Bahrain with the world and promoting social diversity. It creates opportunities for Bahraini youth through specialized training programs in aviation services, equipping them with critical skills for future leadership roles.
To support the development of national talent in the Kingdom, Bahrain Airport Company launched the 'Tahleeq' program to provide practical training for new graduates. This program has helped nearly 100 young men and women graduate, preparing them to become future leaders in the aviation sector and creating hundreds of job opportunities.
Environmental Impact:
Bahrain International Airport is committed to enhancing environmental sustainability by balancing infrastructure development with environmental sustainability. It has been awarded the Leadership in Energy and Environmental Design (LEED) Gold certification as the largest green facility in Bahrain and achieved Level 4 'Transformation' certification under the International Airports Council's Carbon Accreditation Program.
The airport has taken significant steps to mitigate the environmental impacts of aviation, including reducing energy consumption and improving energy efficiency through efficient cooling systems, saving 23% of energy. It has also used sustainable building technologies, promoted recycling, and implemented reverse osmosis systems to recover 30% of energy, further reducing its carbon footprint. It has also launched programs to reducing carbon emissions.
Implementing Innovation Standards:
The airport infrastructure integrates cutting-edge technology to stay ahead of industry trends. This enhances operational efficiency and contributes to improving the passenger experience. The airport is among the most advanced in the region, relying on advanced biometric technologies for identity verification and smart security systems to ensure the highest levels of safety. It features 27 ICT (integrated information and communications technology) systems, 4,600 surveillance cameras, and 440 flight information screens supported by 1,125 km of fiber optic cables. The airport is the first in the region to offer a dedicated wireless communications network for operational purposes, enabling employees to communicate via advanced devices with clear voice and instant connectivity, improving response times and coordination between operational and security teams.
Bahrain Airport Company continues to invest in advanced ICT solutions, including cloud communications systems and big data analytics, to improve operational and enhanced passenger service efficiency.
ADFD Commitment to Global Sustainability:
ADFD financed 33 development projects in Bahrain totalling AED 23 billion, spanning housing, energy, transportation, health, and water sectors. The Fund will continue its pioneering work in supporting development at the local, regional, and international levels, aiming to create a more sustainable future for generations to come.

Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Union of Arab Banks names Hassan Abdalla ‘Governor of Year 2025'
Union of Arab Banks names Hassan Abdalla ‘Governor of Year 2025'

Daily News Egypt

time4 hours ago

  • Daily News Egypt

Union of Arab Banks names Hassan Abdalla ‘Governor of Year 2025'

Hassan Abdalla, Governor of the Central Bank of Egypt (CBE), has been named 'Governor of the Year 2025' by the Union of Arab Banks. The award was presented during a high-profile ceremony in Paris, on the sidelines of the Arab International Banking Summit, held under the patronage of French President Emmanuel Macron. The award recognises Abdalla's significant contributions to maintaining the stability of Egypt's banking sector, his prudent management of monetary policy, and his active support for economic reform. It also reflects the increasingly prominent status of the Egyptian banking system—both regionally and internationally—and its key role in advancing economic growth and supporting the goals of the 2030 Sustainable Development Agenda. The Union of Arab Banks bestows this honour annually on distinguished Arab banking leaders whose achievements have made a lasting impact on the banking sector at both national and regional levels. Abdalla was unanimously selected by the Union's Board of Directors, which includes representatives from 20 Arab countries, during its meeting in December last year. Headquartered in Beirut, the Union of Arab Banks operates as a key regional institution and is a member of the Higher Coordination Committee for Joint Arab Action within the League of Arab States. Its mission is to strengthen ties among Arab banks, foster cooperation, coordinate activities, and promote a shared Arab identity in the financial sector. The Union currently includes over 360 financial and banking institutions across 20 Arab countries, as well as in Europe, Africa, and Turkey. It also counts 16 Arab central banks as observers, alongside several national banking associations. The Union's influence on the regional and global stage has expanded in recent years. Since 2019, it has held special consultative status with the United Nations Economic and Social Council (ECOSOC) in New York and Geneva and serves as a supporting member of the United Nations Environment Programme Finance Initiative (UNEP FI) in Geneva.

OPEN// FM: Egypt ready to join development projects in Iraq
OPEN// FM: Egypt ready to join development projects in Iraq

Middle East

time4 hours ago

  • Middle East

OPEN// FM: Egypt ready to join development projects in Iraq

CAIRO, June 21 (MENA) – Minister of Foreign Affairs, Emigration, and Egyptian Expatriates Badr Abdelatty on Saturday reaffimed Egypt's readiness to take part in development projects in Iraq, citing the experience and capabilities of Egyptian companies. These remarks came during Abdelatty's meeting in Istanbul with Iraqi Deputy Prime Minister and Foreign Minister Fuad Hussein, held on the sidelines of the Organization of Islamic Cooperation meetings. During the talks, they discussed the outcomes of the January 2025 Egyptian-Iraqi High Committee in Baghdad, which produced 12 agreements to boost cooperation. Abdelatty said that the current regional challenges require stronger Arab coordination and reiterated Egypt's support for joint projects under the Egypt-Iraq-Jordan framework. He also called for de-escalation between Israel and Iran, warning of the risks to regional stability, and stressed the need for political solutions. He reviewed Egypt's efforts to help reach a ceasefire in Gaza and ensure humanitarian aid delivery. (MENA) H A T/M S H

Turkish FM Warns of Regional Disaster Over Israeli Attacks on Iran, Urges Return to US-Iran Talks
Turkish FM Warns of Regional Disaster Over Israeli Attacks on Iran, Urges Return to US-Iran Talks

See - Sada Elbalad

time8 hours ago

  • See - Sada Elbalad

Turkish FM Warns of Regional Disaster Over Israeli Attacks on Iran, Urges Return to US-Iran Talks

Nada Mustafa Turkish Foreign Minister (FM) Hakan Fidan, speaking at the Organization of Islamic Cooperation (OIC) Foreign Ministers' meeting in Istanbul, warned that Israel's aggression against Iran will have serious negative consequences for the security and stability of the entire region. He stressed that Israel is pushing the region toward catastrophe through its ongoing military escalation. Fidan stated that Turkey will take all necessary measures to stop the Israeli attacks on Iran and called on the international community to prevent the war from escalating into a broader conflict. He further noted that the latest Israeli strikes have caused a halt in negotiations between Tehran and Washington, emphasizing the urgent need to resume US-Iran talks as the only path toward de-escalation and restoring regional stability. In a related context, the Turkish FM thanked Egypt and Qatar for their efforts to broker a ceasefire in Gaza. He also welcomed Syria's return to the OIC and highlighted ongoing efforts aimed at resolving the crisis in Sudan. read more Gold prices rise, 21 Karat at EGP 3685 NATO's Role in Israeli-Palestinian Conflict US Expresses 'Strong Opposition' to New Turkish Military Operation in Syria Shoukry Meets Director-General of FAO Lavrov: confrontation bet. nuclear powers must be avoided News Iran Summons French Ambassador over Foreign Minister Remarks News Aboul Gheit Condemns Israeli Escalation in West Bank News Greek PM: Athens Plays Key Role in Improving Energy Security in Region News One Person Injured in Explosion at Ukrainian Embassy in Madrid News China Launches Largest Ever Aircraft Carrier Sports Former Al Zamalek Player Ibrahim Shika Passes away after Long Battle with Cancer Lifestyle Get to Know 2025 Eid Al Adha Prayer Times in Egypt Business Fear & Greed Index Plummets to Lowest Level Ever Recorded amid Global Trade War Arts & Culture Zahi Hawass: Claims of Columns Beneath the Pyramid of Khafre Are Lies News Flights suspended at Port Sudan Airport after Drone Attacks Videos & Features Video: Trending Lifestyle TikToker Valeria Márquez Shot Dead during Live Stream News Shell Unveils Cost-Cutting, LNG Growth Plan Technology 50-Year Soviet Spacecraft 'Kosmos 482' Crashes into Indian Ocean News 3 Killed in Shooting Attack in Thailand

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store