Bahrain inks KSA deal for $58mn health projects
Saudi Fund for Development providing finance as part of $2.5bn grant
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.