Saudi-Bahraini Coordination Council: Strengthening Partnership and Vision 2030
Saudi-Bahraini relations witnessed a new milestone on Wednesday with the convening of the fourth meeting of the Saudi-Bahraini Coordination Council, chaired by His Royal Highness Prince Mohammed bin Salman bin Abdulaziz Al Saud, Crown Prince and Prime Minister, and his Bahraini counterpart. This meeting culminates sustained efforts aimed at strengthening integration between the two brotherly countries across various fields.
Historical depth and strategic partnership
This meeting is not a fleeting event, but rather an extension of the long history of deep-rooted fraternal relations between the Kingdom of Saudi Arabia and the Kingdom of Bahrain, characterized by a unique bond based on ties of kinship, neighborliness, and a shared destiny. The establishment of the Saudi-Bahraini Coordination Council serves as the institutional framework that governs these relations and propels them toward broader horizons, ensuring the sustainability and development of cooperation through effective governance mechanisms.
Integration of Economic Visions 2030
The Council's work is of particular importance given the alignment of the two countries' strategic visions, embodied in "Saudi Vision 2030" and "Bahrain Economic Vision 2030." The Council's six committees work to harmonize development goals, creating significant opportunities to enhance cooperation in the fields of energy, tourism, logistics, and digital transformation. This synergy has contributed to both countries achieving advanced rankings in international competitiveness indicators, reflecting the success of their joint economic policies.
Mega development projects: King Abdullah Medical City as a model
In practice, this partnership translates into vital projects, most notably the King Abdullah bin Abdulaziz Medical City project in Bahrain. This medical complex, funded by the Saudi Fund for Development at a cost of 1.2 billion Saudi riyals and spanning one million square meters, stands as a testament to the commitment of both leaderships to supporting vital sectors such as health and education, serving the interests of both brotherly nations.
Leaps in trade and investment
Economically, these efforts resulted in a significant increase in trade volume, exceeding 48 billion Saudi riyals in 2024. The first Saudi-Bahraini Investment Forum played a pivotal role in this growth, with the participation of more than 400 entities from the public and private sectors, thus opening the door wide for the flow of mutual investments.
New agreements shape the future
The meeting is expected to witness the signing of a package of high-quality agreements and memoranda of understanding, covering vital areas such as double taxation avoidance, competition protection, the promotion of direct investment, and cooperation in sustainable development. These steps not only enhance the investment environment but also underscore the pivotal role the two countries play in promoting economic and political stability in the region, setting a model for joint Gulf action.
