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Saudi Arabia to Invest BHD 1.8 Billion in Bahrain

  • Publish date: Tuesday، 16 May 2023
Saudi Arabia to Invest BHD 1.8 Billion in Bahrain

Saudi Arabia  is investing about BHD 1.8 Billion in different economic sectors in Bahrain, said Khalid bin Abdulaziz Al Faleh, the Saudi Minister of Investment.

In accordance with the instructions of His Royal Highness the Crown Prince and Prime Minister, Prince Muhammad bin Salman bin Abdulaziz Al Saud, a dedicated fund has been established to invest in Bahrain.

During the 5th meeting of the joint Bahraini-Saudi Business Council, Al Faleh announced Saudi Arabia's efforts towards achieving economic integration, particularly in the private sector, between the two countries.

Sameer Nass, the Chairman of the Bahrain Chamber, and Abdulrahman bin Saleh Al Otaishan co-chaired the meeting, which was attended by Mohammed bin Thamer Al Kaabi, Bahrain's Transportation and Telecommunications Minister, Hasan bin Mujeb Al Huwaizi, President of the Federation of Saudi Chambers, representatives from both sides of the joint council, and several officials.