GCC Unveils Massive Aid Package for Oman, Bahrain

    Anti-government protests in Bahrain. The Gulf Cooperation Council is providing a $20 billion assistance package to help generate jobs in Bahrain and Oman, both are grappling with anti-government demonstrations inspired by recent uprisings in the Arab region. Photo by: Gregg Carlstrom

    The Gulf Cooperation Council has announced a $20 billion assistance package to help Bahrain and Oman upgrade their infrastructure over the next 10 years.

    The assistance is expected to generate jobs in the two Middle Eastern countries, which are both facing anti-government demonstrations inspired by recent uprisings in the Arab region. Oman and Bahrain will receive $10 billion each.

    Foreign ministers from GCC member countires, which include Kuwait, Qatar, Saudi Arabia, the United Arab Emirates, Bahrain and Oman, announced the assistance following a meeting in Riyadh, Reuters says. The final aid package was larger than the $10 billion to $15 billion assistance that officials said GCC was considering.

    Read more development aid news.

    About the author

    • Ivy mungcal 400x400

      Ivy Mungcal

      As former senior staff writer, Ivy Mungcal contributed to several Devex publications. Her focus is on breaking news, and in particular on global aid reform and trends in the United States, Europe, the Caribbean, and the Americas. Before joining Devex in 2009, Ivy produced specialized content for U.S. and U.K.-based business websites.