Bahrain inks KSA deal for $58mn health projects

Saudi Fund for Development providing finance as part of $2.5bn grant

NEWS, Projects, Bahrain, Saudi Fund for Development

Bahrain has signed two agreements with the Saudi Fund for Development (SFD) to finance two key health projects worth $58mn.

Finance minister Shaikh Ahmed bin Mohammed Al-Khalifa sealed the deal with (SFD) vice chairman and managing director Yusuf bin Ibrahim Al-Bassam, in the presence of Saudi Ambassador Dr. Abdulla bin Abdulmalik Al-Sheikh.

The two agreements are part of the second phase of the $2.5bn Saudi grant under the GCC Development Programme (GCC Marshal Plan).

Under the deals, a 60-bed dialysis centre will be constructed in Riffa in a project costing $21mn.

The scheme aims at providing premium medical services for patients suffering from kidney failure, slash waiting lists and enhance healthcare standards.

A 100-bed centre for long-stay in-patients will also be set up in Muharraq in a project costing $37mn.



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