http://www.english.hadhramaut.info Yemen, Kuwait signs $ 50 mln agreement [The Source: www.sabanews.net - 19/1/2009] Yemen and Kuwait signed here on Sunday an agreement to fund the 3rd stage of the Social Fund for Development (SFD) projects amounting to $ 50 million.
The agreement comes within Kuwait's intention to fulfill its financial commitment to Yemen during the London Donor Conference held in November 2006 which amounted to $ 200 million to support development process in Yemen.
The agreement was signed by Minister of Planning and International
Cooperation Abdul Karim al-Arhabi from the Yemeni side, while the Kuwaiti side was represented by the Economic Advisor of the Kuwaiti Fund for Arab Economic Development (KFAED) Tareq al-Menayes.
After signing the agreement, al-Arhabi praised the deep historical relations linked the two countries, highlighting that both countries' leaderships are keen on pushing the brotherly relations between the two countries forward.
Al-Menayes affirmed that the cooperation between Yemen and Kuwait would witness more progress in the coming years.