Finance Ministry Signs Funding Deals with IDB
The Bahrain government has signed two agreements with the Islamic Development Bank to finance two projects with a total value of nearly $510 million. The first project involves developing King Faisal Street at a cost of approximately $180 million, aiming to improve traffic flow and reduce congestion in Manama through the construction of tunnels, bridges, and road network expansion. The second project focuses on expanding Salman Industrial City at a cost of about $330 million, targeting land reclamation and the development of industrial plots to strengthen industrial infrastructure, attract investments, and support sustainable economic growth.
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