Saudi Arabia to launch $5bn Bahrain fund

The Saudi government is preparing to launch an investment fund for Bahrain amounting to around US$5 billion.

The kingdom’s minister of investment, Khalid Al-Falih, announced the initiative at the Saudi-Bahraini Coordination Council held in Manama, designed to forge close economic ties between the two countries.

In addition to the fund, there will be a number of joint platforms in Bahrain to offer “studied investment opportunities” for both countries.

According to the minister, the investment ties will be supported by several joint infrastructure projects.

“The talks also figured mainly on the proposed parallel bridge linking the two countries and the mechanism for accelerating the pace of work to complete this project, including a railway link between the two kingdoms,” he said.

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