A strategic opportunity
A MAJOR Saudi initiative to invest in regional countries’ infrastructure, including in Bahrain, is a reflection of the success of the kingdom’s efforts to highlight its business-friendly economy that attracts strategic opportunities.
His Royal Highness Prince Salman bin Hamad Al Khalifa, Crown Prince and Prime Minister, yesterday commended the announcement by Saudi Arabian Crown Prince and Prime Minister Prince Mohammed bin Salman bin Abdulaziz Al Saud, during the sixth edition of the Future Investment Initiative in Riyadh.
Saudi Arabia’s sovereign wealth fund, the Public Investment Fund (PIF), plans to invest up to SAR90 billion ($24bn) in Bahrain, Iraq, Jordan, Oman, Sudan and Egypt.
It will invest in infrastructure, real estate development, mining, healthcare, financial services, food and agriculture, manufacturing, telecoms, and technology, among other sectors in each country.
HRH Prince Salman emphasised Bahrain’s commitment to furthering its infrastructure development in line with current and future development needs.
He extended his gratitude to the Saudi Crown Prince and Prime Minister and noted that Saudi Arabia has always led innovative initiatives to benefit the region and its citizens.
Source: https://www.gdnonline.com/Details/1146093/A-strategic-opportunity
