Bahrain, Kuwait sign loan agreement to develop electricity transmission network
Manama, Nov. 12 (BNA): Shaikh Salman bin Khalifa Al Khalifa, Minister of Finance and National Economy, met with Waleed Shamlān Al Bahar, Acting Director General of the Kuwait Fund for Arab Economic Development, during his visit to the Kingdom of Bahrain. The visit included the signing of a loan agreement to finance the 220 and 66 kV electricity transmission network development project between the Government of Bahrain and the Kuwait Fund for Arab Economic Development.
The meeting was attended by Kamal bin Ahmed Mohammed, President of the Electricity and Water Authority (EWA).
Shaikh Salman bin Khalifa emphasised the longstanding relations between the Kingdom and Kuwait, which continue to develop in various domains under the leadership of His Majesty King Hamad bin Isa Al Khalifa and His Highness Sheikh Mishal Al Ahmad Al Jaber Al Sabah, Amir of Kuwait.
He also highlighted the commitment of His Royal Highness Prince Salman bin Hamad Al Khalifa, the Crown Prince and Prime Minister, to enhancing comprehensive development and advancing infrastructure in line with urban and economic growth, supporting national aspirations and benefiting all.
The Finance Minister commended Kuwait’s commitment, through the Kuwait Fund, to enhancing cooperation in economic and social development.
He added that Bahrain places great importance on developing its infrastructure and creating the conditions needed to drive economic growth, reiterating the Kingdom’s commitment to continue close cooperation with the Kuwait Fund and to expand economic partnerships that serve shared interests and reinforce brotherly ties between the two nations.
On his part, Kamal bin Ahmed Mohammed said that signing this agreement is part of ongoing efforts to develop and modernise Bahrain’s electricity system to achieve national development goals. He noted that the Electricity Transmission Network Development Project is a key strategic initiative that will improve network efficiency and reliability to meet growing electricity demand and support urban and economic growth across sectors.
He expressed appreciation for the contributions of the Kuwait Fund to economic development and emphasised the importance of continuing cooperation, reflecting the deep and enduring brotherly relations between Bahrain and Kuwait.
