The Saudi-Bahrain Coordination Council held its third meeting on Wednesday, chaired by Saudi Crown Prince Mohammed bin Salman bin Abdulaziz Al-Saud, and Bahraini Crown Prince Salman bin Hamad Al Khalifa.
During the meeting, they announced the opening of the first office of the Saudi-Bahraini Company, established in November 2022 between the Saudi Public Investment Fund (PIF) and the Sovereign Wealth Fund of Bahrain (Mumtalakat), with an investment of $ 5 billion.
The meeting also saw the announcement of the completion of the construction of King Abdullah Medical City Hospital in Bahrain, which is expected to start operations in mid-2024.
Discussions covered joint projects in training, technology, healthcare, and trade. Agreements were signed across various sectors including energy, finance, culture, education, and media.
At the onset of the meeting, Crown Prince Mohammed bin Salman welcomed Crown Prince Salman bin Hamad Al Khalifa, underscoring the strong historical ties between Saudi Arabia and Bahrain.
The Saudi Crown Prince expressed commitment to Gulf Cooperation Council (GCC) unity, aiming for stability and prosperity. He also praised the Saudi-Bahrain Coordination Council’s ongoing efforts, aiming to benefit citizens and meet leadership aspirations.
On his part, Bahraini Crown Prince Salman bin Hamad Al Khalifa highlighted the strong historical bonds between Bahrain and Saudi Arabia, stressing the importance of meetings like these in boosting strategic partnerships.
He praised Crown Prince Mohammed bin Salman’s efforts in supporting joint projects that aim to enhance growth in both nations.
The Bahraini Crown Prince also applauded the collaborative initiatives of the Saudi-Bahrain Coordination Council, aimed at achieving shared goals.
The meeting, attended by dignitaries and ministers from both sides, underlined the close fraternal relations between Saudi Arabia and Bahrain.
The session concluded with plans for the fourth meeting of the Saudi-Bahrain Coordination Council to take place in Bahrain, with the date to be confirmed through mutual agreement.