Manama : A financing agreement for the second phase of development of Sheikh Jaber Al Ahmad Al Sabah Avenue was signed by Shaikh Salman bin Khalifa Al Khalifa, Minister of Finance and National Economy, on behalf of the Government of Bahrain, and Waleed Shamlan Al Bahar, Acting Director-General of the Kuwait Fund for Arab Economic Development (KFAED), on behalf of KFAED.
Sheikh Thamer Jaber Al Ahmad Al Sabah, Ambassador of Kuwait to Bahrain, was present.
Shaikh Salman bin Khalifa emphasised the longstanding relations between Bahrain and Kuwait, which continues to grow across various domains under the leadership of His Majesty King Hamad bin Isa Al Khalifa, and His Highness Sheikh Mishal Al Ahmad Al Jaber Al Sabah, Amir of Kuwait.
Shaikh Salman bin Khalifa underscored Bahrain’s commitment to continuing the implementation of development programmes and plans aimed at enhancing infrastructure and creating an environment conducive to the growth of promising economic sectors, thereby supporting economic growth and generating more quality opportunities to achieve the development goals of the Kingdom of Bahrain.
Shaikh Salman bin Khalifa also highlighted the ongoing role of Kuwait in supporting various development projects in the Kingdom, commending the contributions of KFAED in financing and supporting development and economic projects across Arab countries.
The development of Shaikh Jaber Al Ahmad Al Sabah Avenue is one of the strategic projects in Bahrain. The avenue is considered a vital artery connecting the Southern Governorate and the Capital, serving industrial, residential, and commercial areas. The project scope includes widening the avenue over a total length of 11 kilometers, adding service roads on both sides to serve exhibitions, and commercial and administrative buildings, and constructing five flyovers.
