HQ Operations Hub for GCC & Yemen has concluded a successful virtual Negotiation Meeting with the Ministry of Finance and National Economy in Bahrain that took place on 26 October 2021 to finalize the terms and conditions of financing for the new project: Enhancement of Water Transmission and Distribution Project of Al Dur Phase-II Plant in Bahrain. The meeting also included the Electricity and Water Agency (EWA), the Executing Agency of the project.

The project aims to improve the transfer of water supply from 744,000 m3/day to 971,000 m3/day to meet the water demand in Bahrain of horizon 2030.  The number of populations which will benefit from Al Dur II project is about 420,000 people with around 100,000 households.

The total cost of the project is US$ 407 million.  The Bank will finance US$ 80 million. It is worth mentioning that the GCCY has succeeded in mobilizing additional resources for the project from the Saudi Development Fund (SFD) with an amount of US$ 95 million and the Abu Dhabi Fund for Development (ADFD) with an amount of US$ 95.21 million. The Government of Bahrain will finance the gap of US$ 137.13 million. The project will be submitted for approval of BED 343 of December 2021.