Bahrain and Saudi seal major projects and partnerships

Agencies | Riyadh   

The Daily Tribune – www.newsofbahrain.com

His Royal Highness Prince Salman bin Hamad Al Khalifa, the Crown Prince and Prime Minister, highlighted the depth of the longstanding Bahrain-Saudi partnership, which continues to receive the support of His Majesty King Hamad bin Salman bin Hamad Al Khalifa and the Custodian of the Two Holy Mosques, King Salman bin Abdulaziz Al Saud.

HRH Prince Salman yesterday co-chaired a meeting of the Saudi-Bahraini Coordination Council, in Riyadh, Saudi Arabia with His Royal Highness Prince Mohammed bin Salman bin Abdulaziz Al Saud, the Crown Prince and Prime Minister of the Kingdom of Saudi Arabia.

HRH the Crown Prince and Prime Minister commended HRH Prince Mohammed’s unwavering support of various initiatives and projects spearheaded by the Saudi-Bahraini Coordination Council and its subcommittees, which will reinforce integration and joint development for both countries in coordination with their shared values and aspirations.

He underscored the importance of the Saudi-Bahraini Coordination Council in bolstering strategic cooperation across multiple arenas, benefiting both countries and their peoples.

First Saudi-Bahraini Company

In the presence of HRH Prince Mohammed and HRH Prince Salman, the Council announced the opening of the first Saudi-Bahraini Company, established in November 2022 between the Public Investment Fund of the Kingdom of Saudi Arabia and the sovereign wealth fund of Bahrain, Mumtalakat, with an investment of $5 billion.

The Council also announced the completion of the construction of King Abdullah Medical City Hospital in Bahrain, which is scheduled to open in the second quarter of 2024. The Council announced several projects to launch training opportunities and incubate private sector institutions on artificial intelligence.