Saudi Arabia has announced its intention to invest around $5 billion across multiple economic sectors in Bahrain, according to Saudi Minister of Investment Khalid bin Abdulaziz Al Faleh.
The move comes in response to directives from His Royal Highness the Crown Prince and Prime Minister Prince Muhammad bin Salman bin Abdulaziz Al Saud, who has authorized a dedicated fund for investment in Bahrain.
During the 5th meeting of the joint Bahraini-Saudi Business Council, which was co-chaired by Sameer Nass, the Chairman of Bahrain Chamber, and Abdulrahman bin Saleh Al Otaishan, Al Faleh emphasised Saudi Arabia’s commitment to achieving economic integration between the two countries, particularly in the private sector.