Wednesday, 13 December 2017 08:53 GMT
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Bahrain and Saudi Fund Sign $58 Million Health Grant Deals

(MENAFN - Qatar News Agency) Bahrain's Ministry of Finance and Saudi Development Fund (SDF) have signed two financial grant agreements to implement the second phase of the Kingdom of Saudi Arabia's grant under the Gulf Development Programme.



The SDF is assigned the task of managing the Saudi grants which cover two projects in health sector worth $58 Million as part of the total Saudi grant of $2.5 Billio



Bahrain's Finance Minister Shaikh Ahmed bin Mohammed Al Khalifa and SDF Vice President and Managing Director Yusuf Ibrahim Al-Bassam signed the agreements in the presence of the Saudi Ambassador to Bahrain D

Abdullah Abdul-Malik Al Al-Sheik



The first agreement includes the provision of the necessary funding for construction of the Kidney Dialysis Centre in Riffa in consideration for a total sum of $21 millio



The project aims to provide medical services to kidney patients with an intake capacity of 60 beds and to reduce waiting lists and increase efficacy of healthcare in this fiel



The second agreement includes the provision of funding towards construction of the Long-term Stay Care Centre in Muharraq City for a total amount of $37 million to provide medical services to patients who need long-term stay at health centres (HCs) with a total intake capacity of 100 bed



Six similar grant agreements were signed earlier on December 30, 2012 with the SDF which covered housing, education, works, electricity and water projects with a total amount of $448 million


Bahrain and Saudi Fund Sign $58 Million Health Grant Deals

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