Global Arab Network | Sudan: Kuwait to fund Khartoum airport

Translate this article to your language:

GANPublications

e-Publications

Add Site to Favorites

Add Page to Favorites

Make Homepage

Share This Page

RSS Feed

--------------------------------------------------------------------------------------------------------------------
| |

Sudan: Kuwait to fund Khartoum airport

Sunday, 25 July 2010 21:22

Sudan (Khartoum) - Kuwait Fund for Arab Economic Development (KFAED) has initialed a loan agreement worth USD 47 million with the Sudanese government for bankrolling Khartoum's new international airport, Kuwait News Agency reported.

The deal was inked by the KFAED's legal advisor Nawwaf Abdullah Al-Mehmel and Undersecretary of the Sudanese Ministry of Finance and Economy Al-Tayib Abu Qenaya.

The signing ceremony was also attended by Sudanese Minister of Finance and Economy Ali Mahmoud and the minister of state for finance.

Addressing the event, the minister said the loan would contribute to pushing forward economic and social development in Sudan, thus shoring up state efforts to meet the current challenges and requirements, including security, stability and unity.

He hailed the KFAED's role in financing several strategic projects in the country, adding that Arab financial foundations' aid to Sudan is a clear-cut example for Arab finance efficiency.

The Kuwaiti financial help is part of financing for the first stage of the new Khartoum airport. (KUNA)

Global Arab Network

Add comment

The opinions of the authors in articles published are theirs alone and do not necessarily reflect the views of Global Arab Network
------------------------------------------------------------------------------
Published comments are the opinions of private individuals and do not reflect the views of Global Arab Network