logo

Texel in deal to expand aircraft MRO hangar units at Bahrain airport

Zawya5 hours ago

Bahrain Airport Company (BAC), the operator and managing body of Bahrain International Airport (BIA), has signed an agreement with Texel Air, a specialist in air cargo and aircraft maintenance, for expansion of its aircraft maintenance, repair, and overhaul (MRO) hangar capabilities at the Bahrain International Airport.
Under the terms of the MoU, Texel Air's operations at the Airport will be expanded through the development of a new 7,000 sqm Code C aircraft hangar, along with an additional 10,000 sqm of apron, maneuvering and taxiway area.
The new facility is designed to accommodate up to three Code C aircraft or multiple ultra long-range business jets in a climate-controlled environment, providing specialized parking and maintenance conditions tailored to high-value private and corporate aviation, said BAC in a statement.
This substantial infrastructure investment will significantly elevate Bahrain International Airport's capacity and standing as a premier regional aviation hub, it added.
The MoU was signed by Jeffrey Goh, Chief Executive Officer of Gulf Air Group on behalf of BAC and George Chisholm, Executive Board Member of Texel Air, at the Paris Air Show, in the presence of Dr. Shaikh Abdullah bin Ahmed Al Khalifa, Minister of Transportation and Telecommunications.
Speaking on the occasion, Dr Shaikh Abdullah reaffirmed the kingdom's steadfast commitment to advancing its ambitious strategy for the development of the civil aviation sector and the enhancement of related infrastructure, in alignment with the highest international standards.
He pointed out that MRO was a key pillar of this strategy, given the sector's promising investment potential and its vital role in supporting Bahrain's comprehensive aviation ecosystem.
He further noted that the expansion of advanced maintenance services at Bahrain International Airport strengthens the Kingdom's ability to attract high-quality investments and contributes meaningfully to the national economic diversification agenda.
Dr Shaikh Abdullah also highlighted the partnership with Texel Air as an exemplary model of public-private sector collaboration in developing aviation services - reinforcing Bahrain's position as a flexible and efficient regional logistics hub.
Gulf Air Group Chairman Khalid Hussain Taqi said this MoU embodies the Group's long-term vision of creating valuable and sustainable opportunities for private sector partners and investors.
"This initiative will undoubtedly contribute to supporting the national economy through strategic investment in the Kingdom's aviation infrastructure. Our partnership with Texel Air is crucial. It stands as a truly successful model of effective collaboration. As a Bahraini company with a prominent regional impact, Texel Air's growth trajectory at Bahrain International Airport perfectly aligns with the Group's vision to foster a flexible and attractive environment for air cargo and aircraft maintenance and repair activities," he stated.
Goh said: "BAC is committed to supporting investors at Bahrain International Airport and enabling their commercial expansion and business growth, a core part of BAC's strategy to enhance private aviation operation. Supporting the logistics sector is an urgent necessity for diversifying airport services and solidifying the kingdom's position as a regional aviation hub."
"Texel Air is a strategic partner that actively contributes to the air cargo and aviation ecosystem at Bahrain International Airport. Significantly, this expansion reflects investor confidence in the airport's capability to support various services and operations," he stated.
On the deal, Chisholm said: "This investment reflects Texel Air's long-term commitment to the Kingdom of Bahrain as a strategic base for both commercial and corporate aviation. We're proud to work alongside BAC to build infrastructure that meets the evolving needs of the region."
This substantial infrastructure investment will significantly elevate Bahrain International Airport's capacity and standing as a premier regional aviation hub.
Syndigate.info).

Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

UAE announces new ministry for foreign trade: Sheikh Mohammed
UAE announces new ministry for foreign trade: Sheikh Mohammed

Khaleej Times

time42 minutes ago

  • Khaleej Times

UAE announces new ministry for foreign trade: Sheikh Mohammed

The UAE announced the establishment of a new ministry in the government — the Ministry of Foreign Trade, with Dr Thani Al Zeyoudi appointed as Minister of Foreign Trade. In another significant move, the National Artificial Intelligence System will be adopted as an advisory member of the Cabinet, the Ministerial Development Council, and all boards of directors of federal entities and government companies, starting in January 2026. These changes were announced by Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai. The "goal is to support decision-making in these councils, conduct immediate analyses of their decisions, provide technical advice, and enhance the efficiency of government policies adopted by these councils across all sectors," Sheikh Mohammed added. UAE's Prime Minister evoked the ever-changing world, and the necessity to "prepare for the coming decades, ensure prosperity and a decent life for future generations". He added that the name of the Ministry of Economy was changed to the Ministry of Economy and Tourism, headed by Abdulla bin Touq Al Marri.

OpEd: AML delisting by EU is expected to accelerate real estate investment in UAE
OpEd: AML delisting by EU is expected to accelerate real estate investment in UAE

Zawya

timean hour ago

  • Zawya

OpEd: AML delisting by EU is expected to accelerate real estate investment in UAE

On June 10, 2025, the European Commission officially removed the United Arab Emirates from its list of high-risk third countries for money laundering and terrorism financing. Known widely as the 'AML blacklist,' this designation had long cast a shadow over cross-border transactions and capital flow - particularly affecting sectors like real estate that rely heavily on international investor confidence. The decision follows the UAE's earlier delisting from the Financial Action Task Force (FATF) grey list in February 2024. That the EU took more than a year to align with FATF raises questions about the consistency and intent behind such classifications. But for the UAE, and especially its real estate sector, this long-overdue course correction marks a significant milestone - one that promises to unlock capital, restore trust, and accelerate global investor engagement. Unlocking investor momentum Real estate markets operate on momentum - and that momentum is powered by trust. Being labeled high-risk, even temporarily, creates friction in financial operations, adds layers of compliance costs, and pushes institutional investors to the sidelines. With this decision, the gates to European capital are opening wider. The removal of the UAE from the EU blacklist means European financial institutions, investment funds, and family offices will face fewer compliance barriers when transacting with UAE-based developers or acquiring property in the country. This paves the way for more efficient deal-making, enhanced mortgage access, and faster fund flows - particularly in luxury real estate, branded residences, and commercial investment assets. For real estate, compliance equals confidence. And with this delisting, we're about to see a wave of European capital flow into UAE's most dynamic developments. Dubai and Abu Dhabi - already enjoying record-breaking performance over the past two years - are set to benefit most. But this reputational boost will also ripple into emerging markets like Ras Al Khaimah and Sharjah, where high-end developments and hospitality-led real estate are gaining traction. From bureaucracy to opportunity For developers, the impact is multifaceted. Beyond foreign direct investment, this opens the door to new forms of funding - from structured finance and development equity to real estate investment trusts (REITs) targeting Gulf assets. UAE developers can now explore joint ventures, pre-sales, and cross-border launches in the EU with fewer legal roadblocks. At the buyer level, the shift is equally significant. European HNWIs and second-home buyers will find it easier to transfer funds, secure local financing, and complete real estate transactions without triggering additional scrutiny or delays. This underscores a deeper point: regulatory labels often lag behind market realities. The UAE's reforms — from strengthening AML/CFT enforcement and beneficial ownership regulations to implementing real-time financial monitoring — were implemented swiftly and decisively. It is this proactive governance that global investors have been rewarding, long before the EU formally acknowledged it. The EU may have delayed its recognition, but the market never did. Investors have long seen the UAE as a transparent, high-yield haven - this move simply catches up with that reality. Newly blacklisted countries such as Kenya, Nepal, and Lebanon now face the same scrutiny the UAE has just shed. The UAE's trajectory offers them a roadmap — but it also illustrates how long and unnecessarily burdensome the climb can be, even after reforms are enacted. The EU's decision is more than a bureaucratic update - it is a strategic unlock for the UAE's economy. For real estate developers, it means wider access to capital, more global partnerships, and a restored sense of credibility in the international market. The message to investors is clear: the UAE is not only compliant - it's compelling. (The author is Founder of UAE-based Patheon Development. Any opinions expressed in this article are the author's own) Subscribe to our Projects' PULSE newsletter that brings you trustworthy news, updates and insights on project activities, developments, and partnerships across sectors in the Middle East and Africa.

O Gold and Emirates Gold forge a strategic partnership to redefine precious metals access in the UAE
O Gold and Emirates Gold forge a strategic partnership to redefine precious metals access in the UAE

Zawya

timean hour ago

  • Zawya

O Gold and Emirates Gold forge a strategic partnership to redefine precious metals access in the UAE

Dubai, UAE – O Gold, the UAE's first Emirati fractional gold and silver ownership app, has announced a landmark partnership with Emirates Gold, one of the region's most respected and long-established refineries. Through this collaboration, O Gold's rapidly expanding base of more than 75,000 active users will gain seamless access to an enhanced portfolio of certified gold products at competitive refinery‑direct rates, all delivered with the speed and convenience synonymous with the O Gold Wallet. This partnership marks a significant step forward in making precious metals investment more accessible and transparent for everyday investors in the UAE. By directly connecting O Gold's innovative fractional ownership platform with Emirates Gold's certified refinery products, users can confidently invest in physical gold with unprecedented ease and assurance. "Our partnership with Emirates Gold is a pivotal moment for O Gold and our users," said Bandar Alothman, Founder of O Gold. "We are committed to democratizing access to precious metals, and this collaboration with a highly respected refinery like Emirates Gold directly addresses that goal. Our users can now be assured of the authenticity, quality, and competitive pricing of their gold investments, all within the familiar and convenient O Gold app', he added. Emirates Gold, renowned for its rigorous quality control and commitment to global standards, expressed strong enthusiasm for the partnership. Abhijit Shah, CEO of Emirates Gold, remarked, 'We are proud to join forces with O Gold, a pioneering platform that is transforming how investors across the UAE access precious metals. This collaboration reflects our unwavering commitment to delivering secure, transparent, and world-class precious metals solutions. Together, we are setting a new benchmark for accessibility and trust, empowering a new generation of investors with direct access to certified, high-quality gold.' Emirates Gold, the UAE's most established gold and silver refinery with a legacy of excellence since 1992, and renowned for shaping the precious metals landscape of the Middle East for over 33 years, brings unparalleled industry expertise and trust to this strategic alliance. Through this partnership, O Gold users will gain privileged access to a broader range of high-quality, UAE Good Delivery certified gold and silver bars and coins at competitive rates directly sourced from the refinery and delivered securely to their doorsteps. By combining Emirates Gold's decades-long legacy with O Gold's innovative digital platform, this collaboration reinforces both brands' shared commitment to trust, transparency, and investor empowerment further solidifying O Gold's position as the region's preferred platform for real-asset ownership. About O Gold O Gold Precious Metals is the first Emirati app for fractional gold and silver ownership, enabling secure transactions starting from just 1 dirham. The platform offers seamless buying, selling, and leasing of precious metals, redefining gold investment with accessibility and security at its core. With a strong focus on trust and transparency, O Gold ensures high-quality gold and silver, securely delivered with full insurance. Competitive pricing makes gold ownership more attainable, while the leasing feature allows users to earn returns on their physical assets. More than just a retailer, O Gold serves as a trusted partner in financial security through precious metal investments. Backed by a dedicated customer service team, the platform provides a smooth and rewarding experience, adhering to the highest standards of quality and security.

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