Saudi Arabia grants Bahrain $25bn as part of GCC Development Programme

Saudi Arabia grants Bahrain $25bn as part of GCC Development Programme
The first deal entailed constructing new roads at a value of $14.4 million.

Mubasher: The Bahraini government has signed a $25 million cooperation agreements with the Saudi Fund for Development (SFD) as part of the GCC Development Programme.

The first deal entailed constructing new roads which will be extended to Al Lawzi Housing at a value of $14.4 million.

The second contract will include raising the financing for establishing Muharraq Long-stay Care Centre to $47.6 million from $10.6 million.

The recent cooperation agreements between the two GCC neighbours, the total value of Saudi grants for the GCC Development Programme reached $2.42 billion.