SFD and AGU sign development agreement

Sultan bin Abdulrahman Al-Marshad, CEO of the Saudi Fund for Development (SFD), and Dr. Abdulrahman Yusuf Ismaeel, Acting President of the Arabian Gulf University (AGU) signed a development agreement to finance the project of supplying medical devices for the academic hospital of King Abdullah bin Abdulaziz Medical City in Bahrain, at a value of SR 173.7 million.

Dr. Saleh bin Falah Al Otaibi, Deputy Saudi Ambassador to Bahrain attended the signing ceremony.

This project comes as part of the grant provided by Saudi Arabia to finance the SFD to establish King Abdullah bin Abdulaziz Medical City at AGU, at a value of SR 1 billion.

The project aims at supplying the latest medical devices and equipment for the university hospital, in accordance with the highest international standards, to contribute to the development of four important medical specialties, including internal medicine, obstetrics and gynecology, pediatrics, and surgery department, in an effort to enable integrated health care systems in the medical city.

Al-Marshad affirmed that this agreement is an extension of the well-established historical development relations between the SFD and Bahrain.

Dr. Abdulrahman Yusuf noted the importance of the project which will contribute to strengthening the medical equipment of the hospital, which would develop its medical capabilities and improve health services.

He pointed out to the effectiveness of the best services provided after the establishment of the medical city buildings that contain a nine-storey hospital with a capacity of about 300 medical beds, with a total area estimated at about 70,000 sq m.


Leave a Comment

Your email address will not be published. Required fields are marked *

Scroll to Top