KSA to Carry Out $533M worth Projects, Two Housing Projects in Wadi Al Sail, Galali
2017-03-17 - 7:28 p
Bahrain Mirror: Saudi Ambassador to Bahrain Abdullah bin Abdulmalik Al Sheikh said nine agreements will be signed by both countries on March 19 to carry out projects worth SR 1 billion ($ 533 million) in Bahrain. The projects cover various sectors like housing, roads, electricity and water as well as infrastructure.
He added that a delegation from the Saudi Fund for Development, led by the fund's Deputy President Yusef bin Ibrahim Al-Bassem, will visit Bahrain on March 18 to attend the signing of the agreements, Bahrain News Agency (BNA) reported.
The projects will include electricity, water, and infrastructure projects, in addition to housing projects in the Bahraini towns of Wadi Al Sail and Galali.
The Saudi Ambassador further described the projects implemented by the Saudi Fund for Development as a vivid proof of strong ties binding both countries. He also underlined the role of the Gulf Development Fund in embodying cohesion between the GCC member states and joint economic cooperation.
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