A customized 2D computational tool has been developed to simulate bifacial rear local contact PERC type PV structures based on the numerical solution of the transport equations through the finite element method. Simulations were performed under various device material parameters and back contact geometry configurations in order to optimize bifacial solar cell performance under different simulated illumination conditions. Bifacial device maximum power output was also compared with the monofacial equivalent one and the industrial standard Al-BSF structure. The performance of the bifacial structure during highly diffused irradiance conditions commonly observed in the Middle East region due to high concentrations of airborne dust particles was also investigated. Simulation results demonstrated that such conditions are highly favorable for the bifacial device because of the significantly increased diffuse component of the solar radiation which enters the back cell surface.