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أخبار الخليج
Finance Ministry Signs Two Agreements with Islamic Development Bank
On the sidelines of the Islamic Development Bank Group meetings in Baku in 2026, the Government of Bahrain and the Islamic Development Bank signed two financing agreements to develop King Faisal Street and expand Salman Industrial City. The agreements include approximately $180 million in funding for the King Faisal Street development project, which involves the construction of tunnels, bridges, and infrastructure expansion in the Capital, Manama. Additionally, there is a $330 million financing package allocated for the expansion of Salman Industrial City to reclaim land and develop industrial plots, further supporting the Kingdom's efforts to enhance industrial and logistical infrastructure and promote sustainable economic growth.
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