Bahrain to receive extra $25 Million from Saudi Fund

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The Bahraini government has signed two deals worth $25 million with the Saudi Fund for Development (SFD) while attending the annual meetings of the Board of Governors of the World Bank and International Monetary Fund in Indonesia.

Signing these two agreements will increase the funds provided to Bahrain within the Gulf Cooperation Council development program to $2.5 billion, including $442 million for housing projects, $581 million for electricity and water development, $665 million for road networks, $93 million for sewage facilities, $69 million for healthcare, $85 million for education and $477 million for youth.

The first agreement funds extending new roads to Al Lawzi Housing, which is under construction, with a value of $14.4 million. The project will provide new roads to serve 30,000 residents and will contribute to reducing traffic.

The second agreement stipulates funding the project of constructing a long-stay care center at Muharraq through increasing the allocated funding to $47.6 million.