Jeddah, KSA, 02.02.2013 – The Chairman of the Islamic Development Bank Group, Dr. Ahmad Mohamed Ali, last week received the Minister of Culture of the Kingdom of Bahrain, Her Excellency Shaikha Mai bint Mohammed Al Khalifah and her accompanying delegation.
The promotion of the existing cooperation between the Kingdom of Bahrain and the Islamic Development Bank Group, including the possibility of IDB’s contribution to two urban development projects in Bahrain, was discussed at the meeting. The Bahraini Minister underlined the great significance the Kingdom of Bahrain attaches to the two projects. She further commended the strong relations between the IDB Group and the Kingdom of Bahrain noting the significant contributions by the IDB Group to
numerous vital development projects in various sectors.
The IDB Group Chairman, for his part, expressed pleasure over the well-established level of cooperation between the Group and the Kingdom of Bahrain, as a founding member of the Islamic Development Bank. Dr. Ali expressed confidence that the visit by Her Excellency Shaikhah bint Mohammed Al Khalifah would add an important building block to the ongoing cooperation between the two sides.
To date, the total amount of approved IDB Group financing in Bahrain stands at US$ 2.7 billion inclusive of contributions to development projects in education, power generation, agriculture and water supply, as well as foreign trade operations.