Yemen, Kuwait signs $ 50 mln agreement
The Source: www.sabanews.net - 19/1/2009
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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.
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