ID :
47231
Tue, 02/24/2009 - 05:05
Auther :
Shortlink :
http://m.oananews.org//node/47231
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KFAED director general leaves Sana'a
SANA'A, Feb.23 (Saba) - The director general of the Kuwait Fund for Arab Economic Development (KFAED) Abdul Wahab Ahmed Al-Bader returned home on Monday after an official visit to Yemen.
Upon his departure, Al-Bader said to Saba that he had discussed with Yemeni
officials several economic issues and they signed a final credit agreement to
allocate $50 million to the activities of the Social Fund for Development in Yemen.
Al-Bader highlighted the allocation comes in the framework of Kuwait's $200 million
pledge to Yemen during the London conference of donors.
He pointed out the KFAED would finance during the coming phase a project of setting
up a port in Socotar at cost $ 40 million.
SA
Upon his departure, Al-Bader said to Saba that he had discussed with Yemeni
officials several economic issues and they signed a final credit agreement to
allocate $50 million to the activities of the Social Fund for Development in Yemen.
Al-Bader highlighted the allocation comes in the framework of Kuwait's $200 million
pledge to Yemen during the London conference of donors.
He pointed out the KFAED would finance during the coming phase a project of setting
up a port in Socotar at cost $ 40 million.
SA
