(MENAFN- Qatar News Agency) Bahrain signed on Sunday six financing agreements totaling $448 million with the Saudi Development Fund to support a number of infrastructure projects as part of the GCC Development Programme.
The deal was signed by Bahraini Finance Minister Sheikh Ahmed bin Mohammed Al Khalifa and Saudi Fund Vice-President and board member Yousif bin Ebrahim Al Bassam.
These projects include the construction of 1,560 housing units at Al Dur, six new schools and a number of infrastructure projects, according to the (Gulf Daily News).
The grant will be used for the Sheikh Khalifa bin Salman Interchange between roundabouts 13 and 18, the Muharraq Ring Road Phase I, and the partial funding of the Tubli Sewage Treatment Plant Expansion Phase 4 and the Water Transmission Network.
This agreement is part of phase I of the financing grant of $500 million for two years.
Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.