Riyadh - SPA
Saudi Fund for Development signs two agreements to finance two projects in Bahrain
The Saudi Fund for Development (SFD) has inked $25 million worth of two
agreements with the Bahraini government. Both agreements came as part of
phase III of the Saudi $2.5 billion.
The two agreements were signed by the Minister of Finance of Bahrain
Sheikh Ahmed bin Mohammed Al Khalifa and the Saudi Fund for
Development, Vice President and Managing Director Khalid bin Sulaiman Al
Khudairi on the sidelines of the annual meetings of the Board of
Governors of the world bank and international monetary fund held in
Signing these two agreements will increase the funds provided to
Bahrain within the GCC development program to $2.5 billion, including
$442 million for housing projects, $581 million for electricity and
water developments, $665 million for road networks, $93 million for
sewage facilities, $69 million for healthcare, $85 million for education
and $477 million for youth.