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Finance Ministry signs development agreements
The Kingdom of Bahrain has signed two financing agreements with the Islamic Development Bank to support the development of King Faisal Street and the expansion of Salman Industrial City, during the Bank Group meetings in Baku. The first involves an investment of approximately $180 million to improve infrastructure and traffic in the capital, Manama, through the construction of tunnels and bridges. The second aims to reclaim one million square meters of land and develop industrial zones, with an estimated cost of $330 million to enhance the industrial sector and facilitate sustainable economic growth.
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