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KSA to run SAR 2bn projects in Bahrain

KSA to run SAR 2bn projects in Bahrain
(Photo credit: Arabianeye - Reuters)

Riyadh – Mubasher: Saudi Ambassador to Bahrain Abdullah bin Abdulmalik Al Shaikh said that the two countries will sign nine agreements worth SAR 2 billion ($533 million) on Saturday.

The deals will be to carryout projects cover various sectors like housing, roads, electricity and water as well as infrastructure, Bahrain News Agency reported.

The Ambassador added that the cost of the projects represents a number of Saudi grants as a part of the Arab Gulf Programme for Development to provide the required finance for a number of vital projects and develop the infrastructure of Bahrain.