Middle East Economic Survey

VOL. LIII

No 41

11-Oct-2010

REGIONAL

SFD Lends Bahrain $115Mn

The Saudi Fund for Development (SFD) will extend a total of SR430.5mn ($114.8mn) to Bahrain under three loan agreements signed on 30 September in Manama. The first agreement for SR187.5mn ($50mn) will help cover the cost of an electricity transmission project, whose construction began in 2007 and is due for completion in 2011. The second agreement for SR143mn ($38.1mn) will finance the import by Bahrain...