Arab Today, arab today kfaed chief affirms kuwaits continuous support to egypt
Last Updated : GMT 17:58:30
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Arab Today, arab today

KFAED chief affirms Kuwait's continuous support to Egypt

Arab Today, arab today

Arab Today, arab today KFAED chief affirms Kuwait's continuous support to Egypt

Director General Abdulwahab al-Bader
Cairo - KUNA

Kuwait Fund for Arab Economic Development (KFAED) Director General Abdulwahab Al-Bader Saturday affirmed Kuwait's continued support for Egypt to addressing numerous challenges facing the north African country.
He said KFAED would consider a program in the next five years that would allow funding of several projects in Egypt.
Al-Bader was speaking to KUNA after signing a loan agreement worth 30 million Kuwaiti Dinars (KD) (some USD 105 million) to finance expansion of a power station West of Cairo, as well as a Memorandum of Understanding (MoU) to provide KD one million (USD 3.5 million) in technical assistance to fund a study aimed at exploring means of exploiting human and natural resources in the so-called Safaja-Qaseer-Qena triangle area.
He said KFAED was also considering the funding of a power grid between Egypt and Saudi Arabia.
Other projects, he added, also included the development of the oil refinery in Alexandria and a power project south of Helwan.

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Arab Today, arab today kfaed chief affirms kuwaits continuous support to egypt Arab Today, arab today kfaed chief affirms kuwaits continuous support to egypt

 



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