Wednesday 23 April 2014
 
»
 
»
POWER, HOUSING PRIORITIES

Kuwait to finance Bahrain projects worth $1.3bn

Manama, April 11, 2013

Kuwait will finance development projects worth $1.3 billion in Bahrain over the next few years, a report said.

The funds will be used to finance part of four developments, including power transmission networks, housing projects and a key road, the state owned Kuwait Fund for Arab Economic Development was quoted as saying in the Gulf Daily News, our sister publication.

Fund officials signed the agreements with Bahrain’s Foreign Minister Shaikh Khalid bin Ahmed Al Khalifa.

At a meeting in Riyadh in March 2011, the GCC states decided to set up a $20 billion fund to finance development projects in Bahrain and Oman. – TradeArabia News Service




Tags: Bahrain | Kuwait | GCC | development | Funding |

More Government & Laws Stories

calendarCalendar of Events

Ads

Buy high quality China wholesale Health & Beauty , Electronics, Sports & Outdoors , Computers, Video Games, Toys & Hobbies Cell Phones, Automobiles and other wholesale products directly from reliable Chinese wholesalers or Factories on DHgate.com