The hub exploits the country’s strategic position midway between European and Asian markets as well as on its proximity to regional target markets.
The hub relies on streamlined clearance procedures, optimized logistics, and full digitization to achieve an end-to-end lead time of just under two hours for goods transiting from Bahrain International Airport to Khalifa bin Salman Port, and vice versa, according to media reports from the Gulf region.
Bahrain will grant partner status in this initiative to all global markets that will grant their national companies the opportunity to become an authorised ‘trusted shipper’ at the hub.
The operating cost within the logistics sector is 45 per cent lower in Bahrain compared to neighbouring markets, according to a 2019 KPMG report.
Fibre2Fashion News Desk (DS)