Saar: The Saudi Fund for Development (SFD) and the Arabian Gulf University (AGU) have signed a memorandum of understanding (MoU) to finance a project aimed at equipping the King Abdullah bin Abdulaziz Hospital at the university, with a project value exceeding $11.5 million.
According to Saudi Press Agency, the agreement was signed by SFD Chief Executive Sultan Al-Marshad and AGU President Dr. Saad Al Fuhaid. The signing ceremony took place on Tuesday and saw the presence of Bahraini Minister of Education Mohamed bin Mubarak Juma.
This MoU is part of a larger Saudi Arabian grant provided through the SFD to fund the construction of the King Abdullah bin Abdulaziz Medical City, which is affiliated with AGU. The total allocation for this project is SAR1 billion.
The primary objective of the project is to equip the hospital with an advanced information-technology system and non-medical furnishings. This development aims to ensure comprehensive operation of the medical city while enhancing its efficiency in alignment with its developmental goals.
This initiative is rooted in the SFD's dedication to the healthcare sector, recognizing it as a crucial component of sustainable development. By investing in healthcare, the initiative also contributes to the integrated advancement of other essential sectors, supporting the pursuit of a prosperous future.