Mr. Nabeel Kanoo, Chairman of the Board of Directors of Bahrain Airport Services (BAS), Chairman of the Executive Committee, expressed BAS's pride and appreciation for the royal directives of His Majesty King Hamad bin Isa Al Khalifa, The King of Bahrain, to unite national efforts to counter the effects of the global spread of COVID-19 at the local level in order to preserve the health and safety of citizens and residents. The leadership of HH Prince Salman bin Hamad Al Khalifa, Crown Prince, Deputy Supreme Commander and First Deputy Prime Minister launches a financial and economic package to provide the necessary liquidity to the private sector.
As one of the national companies, BAS employing approximately 3,000 employees and workers at Bahrain International Airport, the Bahrain’s first gateway to the world, has put in place precautionary plans for the operation of the airport in the face of a quiet air traffic in the coming period.
He added that this financial and economic package of BD4.3 billion, will play a positive role in mitigating the negative effects that have caused economic stagnation for many private sector institutions, particularly the aviation sector in the Kingdom of Bahrain, and will provide sufficient financial liquidity that will ease the burdens and obligations of the employer. It will also help to provide the right conditions that allow the private sector to resume their activities competitively and to fulfil their responsibilities to contribute in national economy.
Kanoo welcomed the report of the World Health Organization's Eastern Mediterranean Regional Office on the Kingdom of Bahrain's measures to combat the Coronavirus, in which he praised the Kingdom's handling of the virus by implementing a comprehensive national strategy to contain and prevent the spread of the virus, led by His Royal Highness Prince Salman bin Hamad Al Khalifa, Crown Prince, Deputy Supreme Leader, First Deputy Prime Minister.
He also praised the directives of His Highness Sheikh Nasser bin Hamad Al Khalifa, His Majesty's Representative for Charity and Youth Affairs, National Security Advisor, Chairman of the Board of Trustees of the Leading Organization in Humanitarian and Charity Work , to take steps to overcome the exceptional phase that the Kingdom is currently going through due to the Coronavirus, including directives by the Central Bank of Bahrain for banks banking institutions to postpone the payment of loans to citizens for six months, which will contribute to creating cash liquidity for every citizen in the Kingdom in order to revive the economic cycle in these exceptional circumstances in addition to easing the burden on citizens in this period especially young ones.
He expressed his pride in the support shown by the wise leadership of the Bahraini citizen and the private sector, stressing that this will be reflected in moving the wheel of economic development and maintaining sustainable growth.