Memorandum of Understanding Between Saudi Arabia and Bahrain to Enhance Cooperation and Investment

The Saudi official television reported today, Tuesday, that the sovereign funds of the Kingdom and Bahrain, namely the Public Investment Fund and Bahrain’s Mumtalakat Company, have signed a memorandum of understanding to enhance cooperation and investment in strategic sectors. The television report cited the Saudi Public Investment Fund stating that the memorandum will enhance its investment opportunities in Bahrain and provide further opportunities for the private sector in both countries.