Business · Energy & Commodities · 15 hrs ago

Saudi Arabia grants $250 million for Bahrain bridge project

Saudi Arabia grants $250 million for Bahrain bridge project

Bahrain has signed contracts for the fourth phase of the Busaiteen Bridge project, funded by a Saudi grant worth more than 937 million riyals, or about $250 million.

The project aims to connect Muharraq Island with the capital, Manama.

It is expected to ease traffic and strengthen links between areas by improving the road network and increasing its capacity.

The bridge is part of Bahrain’s effort to develop its transport system as travel needs grow.

Saudi Arabia’s development fund has supported projects in Bahrain for about 50 years.

During that time, it has helped fund 34 development projects and programmes, with total financing exceeding 10.9 billion riyals.

The fourth phase is intended to support Bahrain’s social and economic growth.

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What people are saying

Sultan Al-Murshidchief executive of the Saudi Fund for Development
This project comes within the framework of the close development relations between the two sides, which have extended for nearly 50 years
via Asharq Al-Awsat
Ibrahim Al-HawajBahrain’s minister of works
The signing of the contracts embodies the depth of the established fraternal relations and close development partnership that bring the two countries together
via Asharq Al-Awsat