The Cabinet yesterday approved two major financing agreements to support strategic infrastructure and industrial development projects in the kingdom.The weekly Cabinet meeting, chaired by His Royal Highness Prince Salman bin Hamad Al Khalifa, Crown Prince and Prime Minister, at Gudaibiya Palace, approved the framework agreement and agency agreement between Bahrain and the Islamic Development Bank to finance the King Faisal Highway Development Project, and a separate agreement to finance the Salman Industrial City Expansion Project .
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