UPS plans $10m. facility at Ben-Gurion

Package delivery giant UPS signed a $10 million contract with the Israel Airports Authority to build and operate a logistics center at Ben-Gurion Airport, the IAA said Sunday.

Package delivery giant UPS signed a $10 million contract with the Israel Airports Authority to build and operate a logistics center at Ben-Gurion Airport, the IAA said Sunday. "UPS House" will cover a 21-dunam territory and will include 10,000 square meters of building space. It is also the first project to be developed at the new logistics area at the airport, which has been earmarked to house storage facilities and logistics centers for aviation transit companies. Under the contract, UPS will finance the development of the building and use it under a lease agreement for 15 years, with the option to extend for an extra eight years.