SFD Signs Development Grant Agreement for King Abdullah Medical City in Bahrain

Manama, July 25, 2023, SPA -- The CEO of the Saudi Fund for Development (SFD), Sultan Al-Marshad, signed today a development grant agreement provided by the SFD to fund a project for supplying medical devices for the academic hospital at King Abdullah bin Abdulaziz Medical City in Bahrain at a value of SAR 173.7 million, in collaboration with the Arabian Gulf University, represented by the acting President of the University Dr. Abdurrahman bin Youssef Ismail. The Saudi Deputy Ambassador to Bahrain, Saleh bin Falah Al-Otaibi attended the signing ceremony.
The project is part of the grant provided by the Kingdom of Saudi Arabia, under the directives of the Saudi leadership, to fund the construction of King Abdullah bin Abdulaziz Medical City at the Arabian Gulf University in Bahrain at a value of SAR one billion.
This agreement embodies the close development partnership between the SFD and the Bahraini government. Since 1976, the SFD has delivered 30 development projects and programs in the energy, transportation, and social infrastructure sectors through soft development loans and grants, contributing to developing vital and developmental sectors and supporting them to achieve sustainable development goals in Bahrain.
--SPA