Saudi Fund for Development Signs Busaiteen Bridge Contracts in Bahrain
A multi-million riyal grant supports the fourth phase of Bahrain's strategic infrastructure project.
1Strategic Infrastructure Funding
The Saudi Fund for Development has officially signed contracts for the fourth phase of the Busaiteen Bridge project in Bahrain. This initiative is supported by a generous grant from Saudi Arabia, part of a total project funding package exceeding 937 million Saudi riyals allocated for all development stages of the bridge.
2High-Level Signing Ceremony
The signing ceremony was attended by Bahrain's Deputy Prime Minister, Sheikh Khalid bin Abdullah Al Khalifa, and the Saudi Fund for Development CEO, Sultan bin Abdulrahman Al-Marshad. Bahraini Minister of Works, Ibrahim bin Hassan Al-Hawaj, and the Deputy Saudi Ambassador to Bahrain, Abdullah bin Musair bin Towalah, were also present.
3Improving Traffic Connectivity
The Busaiteen Bridge project aims to establish a vital link between Muharraq Island and the capital city, Manama. By improving the efficiency of the road network and increasing its overall capacity, the project will facilitate smoother traffic flow and bridge geographical gaps between key residential and commercial areas in the kingdom.
4Long-Term Bilateral Relations
This project underscores a robust developmental partnership between Saudi Arabia and Bahrain that has spanned approximately 50 years. The current phase is specifically designed to support Bahrain's social and economic growth requirements, aligning with the nation's long-term objectives for progress and prosperity within its modern transportation and logistics infrastructure systems.
5Commitment to Sustainable Development
Bahraini Minister of Works, Ibrahim bin Hassan Al-Hawaj, emphasized that these contracts reflect the deep-rooted fraternal ties and strategic partnership between the two nations. The project serves as a clear example of the Saudi Fund's ongoing role in supporting strategic initiatives that enhance sustainable development paths across Bahrain's critical infrastructure sectors.
6Historical Cooperation Record
The Saudi Fund for Development has a long history of cooperation with Bahrain, having financed 34 projects and programs over five decades. These initiatives cover diverse sectors including energy, transportation, and social infrastructure, demonstrating a consistent commitment to supporting Bahrain's national priorities through both concessional development loans and direct financial grants.
7Financial Scope of Support
Total financial contributions from Saudi Arabia to Bahrain through the Saudi Fund for Development have exceeded 10.9 billion Saudi riyals. These substantial investments have been instrumental in creating sustainable infrastructure that strengthens the foundations for growth, ensuring that Bahrain remains well-positioned to achieve its developmental goals in the coming years.
8Future Economic Impact
The completion of the Busaiteen Bridge is expected to act as a significant catalyst for regional economic integration. By streamlining logistics and movement between major islands, the project will likely enhance productivity and provide a more reliable transport framework, ultimately serving as a cornerstone for Bahrain's future urban and economic expansion.
Original article: Okaz — Saudi Fund for Development Signs Busaiteen Bridge Contracts in Bahrain