Saudi Arabia to invest 5 billion USD in development projects in Bahrain
December 10, 2021, 2:27 am

Saudi Arabia to invest 5 billion USD in development projects in Bahrain

Bahrain/Pixabay

The Xinhua reported according to an official statement, Bahrain and Saudi Arabia on Thursday signed key agreements involving a Saudi investment of 5 billion U.S. dollars in development projects across Bahrain.

It said that the agreements came during the second meeting of the Saudi-Bahraini Coordination Council in Bahrain's Sakhir Palace, co-chaired by Bahraini Crown Prince and Prime Minister Salman bin Hamad Al Khalifa and visiting Saudi Crown Prince, Deputy Prime Minister and Defense Minister Mohammed bin Salman Al Saud.

A feasibility study for establishing a Bahraini-Saudi multi-industry holding company was agreed on during the meeting.

Saudi Arabia-Streets of Jeddah/Pixabay

The meeting also discussed cooperation between Bahrain's Oil and Gas Holding Company and Saudi Aramco, with a focus on oil and gas, the circular economy, and hydrogen production technology.

The Council urged the committee supervising the proposed King Hamad Causeway and railway network projects between the two kingdoms to complete economic and financial feasibility studies within a month.

During a joint press conference on Thursday with his Bahraini counterpart Abdullatif bin Rashid Al Zayani, Saudi Foreign Minister Faisal bin Farhan Al Saud called on Iran to "play a bigger role to return to the (2015) nuclear deal."

The Xinhua noted that Bahrain is the fourth leg of the Saudi crown prince's Gulf tour that has taken him to Qatar, the United Arab Emirates and Oman, and will end in Kuwait, all members of the Gulf Cooperation Council.

Source: xinhua

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BENEFIT, the Kingdom’s innovator and leading company in Fintech and electronic financial transactions service, has sponsored the BuildHer CityHack 2025 Hackathon, a two-day event spearheaded by the College of Engineering and Technology at the Royal University for Women (RUW).
Aimed at secondary school students, the event brought together a distinguished group of academic professionals and technology experts to mentor and inspire young participants.
More than 100 high school students from across the Kingdom of Bahrain took part in the hackathon, which featured an intensive programme of training workshops and hands-on sessions. These activities were tailored to enhance participants’ critical thinking, collaborative problem-solving, and team-building capabilities, while also encouraging the development of practical and sustainable solutions to contemporary challenges using modern technological tools.
BENEFIT’s Chief Executive Mr. Abdulwahed AlJanahi, commented: “Our support for this educational hackathon reflects our long-term strategic vision to nurture the talents of emerging national youth and empower the next generation of accomplished female leaders in technology. By fostering creativity and innovation, we aim to contribute meaningfully to Bahrain’s comprehensive development goals and align with the aspirations outlined in the Kingdom’s Vision 2030—an ambition in which BENEFIT plays a central role.”
Professor Riyadh Yousif Hamzah, President of the Royal University for Women, commented: “This initiative reflects our commitment to advancing women in STEM fields. We're cultivating a generation of creative, solution-driven female leaders who will drive national development. Our partnership with BENEFIT exemplifies the powerful synergy between academia and private sector in supporting educational innovation.”
Hanan Abdulla Hasan, Senior Manager, PR & Communication at BENEFIT, said: “We are honoured to collaborate with RUW in supporting this remarkable technology-focused event. It highlights our commitment to social responsibility, and our ongoing efforts to enhance the digital and innovation capabilities of young Bahraini women and foster their ability to harness technological tools in the service of a smarter, more sustainable future.”
For his part, Dr. Humam ElAgha, Acting Dean of the College of Engineering and Technology at the University, said: “BuildHer CityHack 2025 embodies our hands-on approach to education. By tackling real-world problems through creative thinking and sustainable solutions, we're preparing women to thrive in the knowledge economy – a cornerstone of the University's vision.”