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FINANCIAL NEWS
Bahrain-Kuwait Fund sign financing deal
24 Aug 2016
(MENAFN) The Kuwait Fund for Arab Economic Development signed USD138mn deals with the Gov”t of the Kingdom of Bahrain.
Additionally, the fun will assign a grant in the amount of USD32mn in order to participate in the financing of Salman Industrial Area Infrastructure Development.
Moreover, the grant is offered amid the framework of the Program of the Countries of the GCC for the development of the Member States.
Meanwhile, both sides signed an amendment project deal in the amount of USD106mn, for financing the Housing Program for the Northern City.
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