Manama - Saudi Arabia’s ambassador in Manama has said that nine agreements are set to be signed between the two countries on March 19 to carry out projects worth SR1 billion ($266 million) in Bahrain.
Ambassador Dr. Abdullah bin Abdulmalik Al-Shaikh said the projects will be implemented by the Saudi Fund for Development and said the agreements were proof of the strong ties between the two countries. He was speaking in an interview with the Bahrain News Agency (BNA).
The projects cover various sectors such as housing, roads, electricity and water as well as infrastructure.
He also underlined the role of the Gulf Development Fund in encouraging cohesion between the Gulf Cooperation Council (GCC) member states and joint economic cooperation
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