Arab Today, arab today kuwait bahrain initial accord for273 million projects
Last Updated : GMT 16:24:37
Arab Today, arab today
Arab Today, arab today

Kuwait, Bahrain initial accord for $ 273 million projects

Arab Today, arab today

Arab Today, arab today Kuwait, Bahrain initial accord for $ 273 million projects

Manama - KUNA

The Kuwait Fund for Arab Economic Development (KFAED) and the Bahraini government initialed here on Thursday an agreement for upgrading the latter\'s power network and establishing a special center for special needs cases at an overall cost of USD 273 million. Nawaf Al-Mehmel, KFAED\'s legal advisor and the head of a fund delegation, said in a statement to Kuwait News Agency (KUNA), following the signing ceremony, that the accord was aimed at boosting power of the electrical network by 400 kilo-watts. The project, including installment of land and marine cables and construction of three relay stations in various regions, is designed to minimize recurring outages and facilitate linkup of the local network with the GCC grid, said Al-Mehmel. Cost of updating the Bahraini power installations is estimated at USD 800 million, with contributions from the other GCC countries. Kuwait is paying USD 250 million. Its execution is forecast to finish in three years. Regarding the other venture, Al-Mehmel said an integrated complex would be built for the handicapped, at a cost of USD 23 million. It will encompass wards for medical care, habilitation, physical and psychological therapy. Kuwait will cover the whole expenses of this project, execution of which is expected to conclude in two years. The GCC Ministerial Council, at a meeting held last March, adopted allocation of USD 20 billion; USD 10 billion for Bahrain and the equivalent sum for Oman, to help these two GCC member states carry out development schemes. The GCC, founded in the early 80s for closer coordination and integration among the regional countries, comprises Kuwait, the UAE, Oman, Bahrain, Qatar and Saudi Arabia.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today kuwait bahrain initial accord for273 million projects Arab Today, arab today kuwait bahrain initial accord for273 million projects

 



Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today kuwait bahrain initial accord for273 million projects Arab Today, arab today kuwait bahrain initial accord for273 million projects

 



Arab Today, arab today Etiquette expert calls for short visits

GMT 16:21 2017 Monday ,26 June

Etiquette expert calls for short visits
Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today Mai Al-Jeddawi presents décor ideas for Ramadan
View News in Arabic - Business: اقتصاد عربي
Arab Today, arab today
Arab Today, arab today

GMT 09:49 2017 Tuesday ,02 May

Girl barred from Malaysia chess competition

GMT 08:48 2017 Saturday ,06 May

Climate science: Bad news gets worse

GMT 16:25 2017 Sunday ,04 June

“Suhoor” is basic meal for fasting

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons

GMT 11:09 2017 Sunday ,25 June

HUAWEI P10 the ‘guru’ of portrait shots
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday