A Saudi grant of $250 million to implement the Busaiteen Bridge in Bahrain

Sheikh Khalid bin Abdullah Al Khalifa, Deputy Prime Minister of Bahrain, witnessed the signing ceremony of contracts for the implementation of the fourth phase of the Busaiteen Bridge project, funded by the Saudi Fund for Development through a grant provided by Saudi Arabia worth more than 937 million riyals ($249.8 million) for all its phases.

The CEO of the Saudi Fund for Development, Sultan Al-Murshid, participated in the signing ceremony, which was attended by the Bahraini Minister of Works, Engineer Ibrahim Al-Hawaj, and the Deputy Saudi Ambassador to Bahrain, Abdullah bin Tawla.

The project will contribute to linking Muharraq Island to the capital, Manama, facilitating traffic movement and its flow, linking regions together and bridging the gap between them, as it represents an important tributary to the development of the transportation system in Bahrain by enhancing the efficiency of the road network and raising its capacity.

For his part, Al-Murshid explained that this project comes within the framework of the close development relations between the two sides that extend for about 50 years, adding that its current fourth phase will contribute to supporting and keeping pace with the requirements of social and economic growth towards achieving progress and prosperity in Bahrain.

In turn, Al-Hawaj stressed that the signing of the contracts reflects the depth of the established fraternal relations and the close development partnership that brings together the two countries, and reflects the important role played by the Fund in supporting strategic projects aimed at developing infrastructure and promoting sustainable development paths in Bahrain.

This project comes within a long track record of development cooperation between Saudi Arabia and Bahrain, extending for about 5 decades, during which the Fund contributed to financing 34 development projects and programs in the sectors of energy, transport, communications, social infrastructure, and others, through soft development loans and grants provided by the Kingdom in amounts exceeding 10.9 billion riyals ($2.907 billion).

These contributions reflect Saudi Arabia's firm approach to Bahrain, supporting its development priorities, and contributing to the establishment of a sustainable infrastructure that enhances the elements of growth and prosperity.